By V.V. Sople
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Extra resources for Legal Aspects of Marketing in India
Example text
For example a high residue of pesticide in food articles damages nerves and vital organs and causes serious poisoning. Mustard oil is sometimes adulterated with Argemon oil and such adulteration can cause blindness, dropsy, tumor and heart diseases. Some other edible oils like Coconut oil and Badam oil are adulterated with mineral oil, which damages liver and has carcinogenic effects. Adulterated Haldi can cause anemia, epileptic convulsions and blindness. Sweet and aerated waters sometimes contain inedible colors to make them look attractive.
This act prohibits the following unfair trade practice (Section 36A): ♦ False representation of the quality, composition, style or model of goods and services. ♦ Falsely alleging affiliation and misleading statements about the usefulness of goods and services. ♦ Warranties or guarantees given without adequate tests, or expressed in misleading terms, giving false or misleading facts disparaging the goods, services or trade of others. ♦ Announcing bargain prices for goods which are either not put on sale or are offered in quantities which are not reasonable with respect to the nature of the trade, offering gifts, prizes or other items with the intention of not providing them as offered.
C-8\N-LAM\LAM3-1 CONSUMER RIGHTS AND CONSUMER PROTECTION LAW 35 In India, Finance Ministry, and Securities and Exchange Board of India have framed a following three-tier qualifying check process for issuing companies to protect investors: Stage 1. Eligibility Norms for Companies Issuing Securities or Shares Stage 2. Pre Issue Obligations of Companies Issuing Securities or Shares Stage 3. Post Issue Obligations of Companies Issuing Securities or Shares The Indian consumers (investors) have enough rights and protection in India and even Internationally also.