Which act was replaced by the introduction of competition act 2002?
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The Competition Act, 2002 was enacted by the Parliament of India and governs Indian competition law. Itreplaced the archaic The Monopolies and Restrictive Trade Practices Act, 1969.
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The Monopolies and Restrictive Trade Practices Act, 1969 [MRTP Act] repealed and is replaced by the Competition Act, 2002, with effect from 01st September, 2009 [Notification Dated 28th August, 2009].
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