(1) If there is reasonable ground to believe that any person is doing unfair trade or business activity, doing the act of affecting the price or supply system by maintaining monopoly or any other manner in the market, or producing or selling and distributing sub-standard goods, or doing any act contrary to this Act or the rule framed under this Act, or if information is received regarding such matters through any means of communication or any complaint or through anyone that carries out surveillance, the Ministry or Department may immediately inquire into or inspect that matter or cause such inquiry or inspection to be made.
(2) Inspection or monitoring shall be carried out accordingly if the prevailing law provides for monitoring and inspection, with respect to the inspection or inquiry pursuant to sub-section (1), and in other circumstances, the Ministry may form immediately an inspection or inquiry committee or designate any committee formed under this Act or the Inspection Officer to that effect.
(3) Any producer, dealer, agent, seller, person or institution found guilty from the inquiry or inspection pursuant to sub-section (1) shall be liable to action under this Act or the prevailing law.
(4) If upon inspection or inquiry, the committee or the Inspection Officer designated pursuant to sub-section (2) does not find that such an act falls under this Act, the committee or the officer shall send the matter, along with the inquiry or inspection file, to the concerned body for necessary action; and such a body shall also give information about the action taken in that respect to such a committee or officer.