Economy, asked by kchettri64, 11 months ago

consumer malpractices

Answers

Answered by shaunajazlyn
4

Answer:

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.

Explanation:

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