Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Consumer Protection Act (No. 1 of 1979) - Sect 23

Monopolisation

23.
(1) A trader who, either by himself or with any other person, is in a position substantially to control a market for goods or services shall not take advantage of the power in relation to that market that he has by virtue of being in that position-
(a) to eliminate or substantially to damage a competitor in that market or in another market; or
(b) to prevent the entry of a person into that market or into another market; or
(c) to deter or prevent a person from engaging in competitive behaviour in that market or in another market.
(2) The National Prices Commission may, where it considers it expedient in the interest of the national economy, exempt any trader from the application of the preceding provisions of this section to such trader.
(3) For the purposes of this section, reference to a trader being in a position substantially to control a market for goods or services includes a reference to a trader who, by reason of his share of the market, or his share of the market combined with availability of technical knowledge, raw materials or capitals has power to determine the prices or control the production or distribution, of a substantial part of the goods or services in that market.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]