Business Ethics and Corporate Governance, Second Edition

LEGAL PROTECTION TO CONSUMERS

A number of laws have been passed by the Government of India over the years to protect the interests of consumers. The objectives of some of the important laws are as follows:

1. Agricultural Products (Grading and Marketing) Act, 1937: This act provides for grading and certifying the quality standard of agricultural commodities which are allowed to be stamped with the AGMARK seal of the Agricultural Marketing Department of the Government.
2. Industries (Development and Regulation) Act, 1951: This act provides for control over production and distribution of manufactured goods. According to this act, the Central Government may order investigation of any industry, if it is of the opinion that there has been substantial fall ...