restrictive trade practice


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Related to restrictive trade practice: Unfair trade practice

restrictive trade practice

a commercial practice operated by a firm which has the effect of restricting, distorting or eliminating competition (especially if operated by a dominant firm) to the detriment of other suppliers and consumers. Examples of restrictive practices include EXCLUSIVE DEALING, REFUSAL TO SUPPLY, FULL LINE FORCING, TIE-IN SALES, AGGREGATED REBATES, RESALE PRICE MAINTENANCE and LOSS LEADING.

Under the COMPETITION ACT, 1998, exclusive dealing, full line forcing, tie-in sales and aggregated rebates can be investigated by the OFFICE OF FAIR TRADING and (if necessary) the COMPETITION COMMISSION, and prohibited if found to unduly restrict competition. The RESALE PRICE ACTS 1964,1976 make the practice of resale price maintenance illegal unless it is, very exceptionally, exempted by the Office of Fair Trading.

restrictive trade practice

a commercial practice operated by a firm that has the effect of restricting, distorting or eliminating competition (especially if operated by a DOMINANT FIRM) to the detriment of other suppliers and consumers. Examples of restrictive practices include EXCLUSIVE DEALING, REFUSAL TO SUPPLY, FULL-LINE FORCING, TIE-IN SALES, AGGREGATED REBATES, RESALE PRICE MAINTENANCE, LOSS LEADING.

Under the COMPETITION ACT 1980, exclusive dealing, full-line forcing, tie-in sales and aggregated rebates can be investigated by the OFFICE OF FAIR TRADING and (if necessary) the COMPETITION COMMISSION, and prohibited if found to unduly restrict competition. The RESALE PRICES ACTS 1964,1976 make the practice of resale price maintenance illegal unless it is, very exceptionally, exempted by the Office of Fair Trading.

References in periodicals archive ?
At the same time, the tyre scarcity, particularly arising from Apollo Tyre's lock-out in its Kerala plant has emboldened the other 3-4 players to manipulate the market and push all categories of tyres and tubes to the dealers irrespective of dealers' counter sales requirements resulting in restrictive trade practices. Last year, the similar prolonged lock out by MRF Limited in its Tamil Nadu plant resulted in tyre shortage and restrictive trade practices in the market.
Regional trade agreements should address non-tariff barriers and restrictive trade practices.
The Restrictive Trade Practices Act, or Competition Law has been used as a price control mechanism, which, in many cases, needs to be expanded.
It is well known that competitive pressures can also be curtailed by the formation of producer cartels and restrictive trade practices. These conditions mean that an effective competition policy needs to balance two potentially conflicting objectives -- to be vigilant against abuse of market power, while at the same time avoiding imposing unwarranted constraints on firms' pursuit of competitive advantage.
Big business also had much to say about the most effective British antitrust legislation, the Restrictive Trade Practices Act of 1956, and the restructuring of the system accompanying passage of the Resale Prices Act of 1964.
So I think there's not much evidence to say that restrictive trade practices have been the driving force behind changes in the U.S.
Amendments in Monopolies and Restrictive Trade Practices (Control and Prevention) Ordinance, 1970 can only be made through the National Assembly.
Thus the US could push its agenda of lowering health and safety standards in the name of eliminating what they deem to be restrictive trade practices.
"The CAK ordered that Total expunge the clause after investigations showed that the dealership agreements contained "unreasonable and anti-competitive provisions".The clause is in contravention of the Competition Act, section 21 which defines restrictive trade practices as those that lessen competition to the detriment of consumers.
A complaint was filed with the Monopolies and Restrictive Trade Practices Commission (MRTPC) in 2009, alleging that the CDAB has indulged in restrictive trade practices.
The executive order prohibits Kentucky executive branch agencies from entering into contracts governed by KRS Chapter 45A with entities that engage in discriminatory practices restricting free trade or foster restrictive trade practices against Israel.