The Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970

( Ordinance NO. V OF 1970 )

[ 26th February, 1970 ]

এই আইন প্রতিযোগিতা আইন, ২০১২ (২০১২ সনের ২৩নং আইন) দ্বারা রহিত করা হইয়াছে।
An Ordinance to provide for measures against undue concentration of economic power, growth of unreasonable monopoly power and unreasonably restrictive trade practices.1♣

 
 
 
WHEREAS the undue concentration of economic power, growth of unreasonable monopoly power and unreasonably restrictive trade practices are injurious to the economic wellbeing, growth and development of Bangladesh;
 
 
 
 
AND WHEREAS it is expedient to provide for measures against such concentration, growth and practices and for matters connected therewith or incidental thereto;
 
 
 
 
AND WHEREAS the national interest of Pakistan in relation to the economic and financial stability of Pakistan requires Central legislation in the matter;
 
 
 
 
NOW, THEREFORE, in pursuance of the Proclamation of the 25th day of March, 1969, read with the Provisional Constitution Order, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
 
 
 

CONTENTS

SECTIONS

Chapter I

PRELIMINARY

1. Short title, extent and commencement

2. Definitions

Chapter II

UNDUE CONCENTRATION OF ECONOMIC POWER, ETC., PROHIBITED

3. Undue concentration of economic power, etc., prohibited

4. Circumstances constituting undue concentration of economic power

5. Circumstances constituting unreasonable monopoly power

6. Unreasonably restrictive trade practices

7. Other circumstances constituting concentration of economic power, etc.

Chapter III

MONOPOLY CONTROL AUTHORITY

8. Constitution of Authority

9. Appointment of officers by the Authority

Chapter IV

FUNCTIONS AND POWERS OF THE AUTHORITY

10. Functions of the Authority

11. Proceedings in case of contravention of section 3

12. Orders of the Authority

13. Power to issue interim order

14. Special enquiry

15. Powers of the Authority in relation to a proceeding or enquiry

Chapter V

REGISTRATION

16. Registration

17. Registers to be kept

18. Cancellation of registration

Chapter VI

PENALTIES AND APPEALS

19. Penalty

20.Appeal to the [High Court Division]

21. Power to call for information relating to undertakings

22. Compensation not payable

23. Indemnity

24. Power to make rules

25. Ordinance not to apply to certain undertakings