The main objectives of the Act are to provide better and all round protection to consumers and effective safeguards against different types of exploitation such as defective goods, deficient services and unfair trade practices.
What are the main objective of Consumer Protection Act 1986?
The Consumer Protection Bill, 1986 seeks to provide for better protection of the interests of consumers and for the purpose, to make provision for the establishment of Consumer councils and other authorities for the settlement of consumer disputes and for matter connected therewith.
What are the objectives of consumer protection?
The various aims of consumer protection law include the following: to ensure consumers are provided with accurate information about the goods and services they choose to purchase, to mandate minimum standards of quality applying to the supply of goods and services, to preclude unfair/misleading market practices, and to …
What are the two main objectives of consumer protection act?
To Provide better and all round protection to consumer. To Provide machinery for the speedy redressal of the grievances. To Create framework for consumers to seek redressal. To Provide rights to consumers.
What is the impact of the Consumer Protection Act?
By not complying with the Act, businesses open themselves up to legal action from consumers. Even if a business wasn’t aware that their actions didn’t comply with the Act, they could still be found guilty of wrongdoing. The consequences could include fines, hefty legal costs, and settlements.