Which of the legislation(s) do (does) not form part of the legal environment of business in India ?
Both (B) and (C) above
The legal environment of business consists of the statutes in force that govern business conduct. An Act that has been repealed no longer forms part of it.
The Drugs and Cosmetics Act, 1940 is still in force. It regulates the import, manufacture, distribution and sale of drugs and cosmetics, so it remains part of the legal environment.
The Prevention of Food Adulteration Act, 1954 was repealed by the Food Safety and Standards Act, 2006, whose provisions were brought into force in August 2011; food regulation now rests with the Food Safety and Standards Authority of India.
The Monopolies and Restrictive Trade Practices Act, 1969 was repealed by the Competition Act, 2002 with effect from September 2009; the MRTP Commission was dissolved and its work passed to the Competition Commission of India and the Competition Appellate Tribunal.
By June 2014 both the food adulteration law and the MRTP Act had been repealed, so neither forms part of the present legal environment, while the drugs law does.
Hence, Both (B) and (C) above.
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