Скачать или смотреть Indian Regulatory Framework: Laws, Sources, and Enforcement

An overview of the Indian Regulatory Framework and its legal system, designed as educational material for chartered accountants. It begins by explaining the meaning and historical context of law, tracing its origins to ancient codes like the Code of Hammurabi and the Twelve Tables, and emphasizes the necessity of a regulatory framework in a complex society. A major focus is on the sources of law in India, which primarily include the Constitution, statutes passed by Parliament and State Assemblies, and judicial precedents, while also detailing the process of making a law from a proposed Bill to an official Act. The document further categorizes and defines the types of laws within the Indian system, distinguishing between Criminal Law (for public wrongs) and Civil Law (for disputes between entities), in addition to outlining the concepts of Common Law and the Principles of Natural Justice. Finally, it covers the enforcement of law through various Major Regulatory Bodies like the Ministry of Finance, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI), and describes the hierarchical structure of the Indian Judicial System, from the Supreme Court down to the District and Metropolitan Courts.