Question

Describe the main features of consumer protection act 1986

Answer 1

The Consumer Protection Act, 1986 was an evolution act that compiled and gave many small acts a larger arena to be worked on to.
From the time of Vedic Period the concern of this act has been a vital to a free and fair market. In the British period there were various acts which were variants of this act.
United nation provided all its member nations guidelines to help protect consumer rights and hence various countries used it to work and fulfill its values.
The consumer being the king of the market has all the rights to be protected from all the malpractices that the market forces sought to in order to recieve profit.
The consumer protection act is a medium through which the government has all the rights to punish market forces involved in malpractices.
The consumer protection act fulfills the aim of protecting the unorganized and illiterate consumers and help them find remedy on being cheated.
The consumer protection act in the era of globalisation and perfectly competitive market has helped the consumers to understand their rights and get more organized to recieve the same.