law: Monopolies and Restrictive Trade Practices Act, 1969 
  3. Act not to apply in certain cases 
   Unless the Central Government, 28[by
  
  notification], otherwise directs, this Act shall not apply to-
  (a) any undertaking owned or controlled by a government company,
  (b) any undertaking owned or controlled by the government,
  (c) any undertaking owned or controlled by a corporation (not
  
  being a company) established by or under any Central, Provincial or State Act,
  (d) any trade union or other association of workmen or employees
  
  formed for their own reasonable protection as such workmen or employees,
  (e) any undertaking engaged in an industry, the management of
  
  which has been taken over by any person or body of persons in pursuance of any
  
  authorization made by the Central Government under any law for the time being
  
  in force,
   10  [(f) any undertaking owned by a co-operative society
  
  formed and registered under any Central, Provincial or State Act relating to
  
  co-operative societies,
  (g) any financial institution.]
   10 [Explanation :  In determining, for
  
  the purposes of clause (c), whether or not any undertaking is owned or
  
  controlled by a corporation, the shares held by financial institutions shall
  
  not be taken into account.]