Even in case of merger control provisions found in the Competition Act, the MRTP Act used concentration of economic power as the basis of merger control. MRTP Commission sought to regulate activities of undertakings whose asset value crossed certain financial thresholds. These undertakings were called MRTP companies. MRTP companies had an obligation to seek prior approval of the Government before expanding their operations in any manner including merger and acquisitions. This, not only acted as a check on abuse of dominance also but acted as a merger control provision. However, provisions related to economic concentration were omitted in 1991. Chapter IV of the MRTP Act dealt with Monopolistic Trade Practice (MTP) . The MRTP Commission had
