By Amarchand & Mangaldas & Suresh A Shroff & Co
The sun is about to set on the Monopolies and Restrictive Trade Practices Act, 1969 (the MRTP Act) as section 66 of the Competition Act, 2002 and section 50 of the Competition (Amendment) Act, 2007 are brought into force. Pursuant to a notification of the Ministry of Corporate Affairs, as from 1 September 2009, the MRTP Act shall stand repealed and the provisions relating to the transition and eventual transfer of cases pending before the Monopolies and Restrictive Trade Practices Commission (the MRTP Commission) will come into force.

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