Introduction
MRTP stands for Monopolies and Restrictive Trade Practices Act. It is an Indian law that was enacted in 1969 to prevent the misuse of economic power by large corporations and to promote fair competition in the Indian market.

Overview of MRTP Act
The MRTP Act was enforced to regulate monopolistic practices, restrictive trade practices, and unfair trade practices. The act was amended in 1991 to broaden its scope and to make it more effective. The act was replaced by the Competition Act, 2002, but it is still relevant as many cases are still pending under the MRTP Act.

Objectives of MRTP Act
The main objectives of the MRTP Act are:

1. To prevent the concentration of economic power in a few hands.
2. To prevent monopolistic and restrictive trade practices that are detrimental to the public interest.
3. To promote competition in the Indian market.
4. To ensure that consumers are not exploited by large corporations.

Provisions of MRTP Act
The MRTP Act has provisions to deal with monopolistic, restrictive, and unfair trade practices. Some of the important provisions are:

1. Prohibition of monopolistic trade practices such as price fixing, bid-rigging, and market allocation.
2. Prohibition of restrictive trade practices such as exclusive supply agreements, tie-in sales, and refusal to deal.
3. Prohibition of unfair trade practices such as misleading advertisements, false representation, and offering gifts or prizes with the intention of promoting sales.
4. Establishment of the Monopolies and Restrictive Trade Practices Commission (MRTPC) to investigate and adjudicate cases related to the MRTP Act.

Conclusion
The MRTP Act played an important role in regulating the Indian market and protecting the interests of consumers. The act was replaced by the Competition Act, 2002, but it is still relevant today as many cases are still pending under the MRTP Act.