law: Trade Monopolies and Restrictive Trade Practices Act, 1969 
  3. Act not
  
  to apply in Certain Cases.
  Unless the
  
  Central Government, 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 authorisation made by the
  
  Central Government under any law for the time being in force,
  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.
  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.