Question

concept of consumer protection and common mal practices

Answer 1

Consumer protection means safeguarding the interest and rights of consumers. In other words, it refers to the measures adopted for the protection of consumers from unscrupulous and unethical malpractices by the business and to provide them speedy redressal of their grievances.
They Protect Consumers From Malpractices Such As Adulteration, Black Marketing ETc.

Answer 2

The Consumer Protection Act, 1986 is enacted in 1986 by the Indian parliament in order to protect the advantages of Indian consumers. It makes procurement for the institution of customer committees and other authorizations for the principality of consumers' conflicts and further providing solutions. "Consumer Awareness" is an amendment satisfying customer by providing the details about commodities, assistance, and consumers benefits.

Malpractices in the form of presence of self-styled salesman financiers, unauthorized private employment providing consultancies, the unauthorized rebate on new investments, non-adherence of prerequisites of the Companies Act, infringement of laws of stock exchanges and etc have disintegrated investors’ reliance and also results in increased complaints. In order to contend with such difficulties, the administration has authorized SEBI as a separate governing body.