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Regulatory: Framework

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Kaamil Nayyar
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0% found this document useful (0 votes)
46 views6 pages

Regulatory: Framework

Uploaded by

Kaamil Nayyar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Noting structure

Indian Regulatory framework



lawka Use

Introduction

⑦ 1758 carved
Code
of Humburai 1742 to BC it was on

Humm buroi
- Code of
bulk stone
city of Babylon
>
-
in the BC 1742 to 1758

Bulky
Stones

② detailed low
The
first most 450BC The twelve tables

12 Bronzetables Rome [Right & Wrongs Difference]


> Rome
450 12 BR-

Bronze tables

What is how ?
& Easy definition

It is
of Obligation
a set and
duty created
by the
government
for securing welfare and justice.
contains related to
India's
legal framework laws Social, Economical
,

political and cultural aspects of a vast and


diversified
country
Sources of Law
is Constitution
is Parliament -
Applicable to the entire
Country
(iii) State Assemblies >
-
Applicable within the state borders .

PASS
United -
Kingdom
·

Cruling India)
1435 Government
of India Act [Unitary to Fedral]

!#2

1937
Center
x
L

Federal Court
State

=
Supreme Court
x -

Adivsory
Assist
>
-
Governor (Public Opinion) [After Independence
Advisory was

Apellate General discontinued]


Y-
High Court
4

Distric Court
->
↑ Criminal
Civil
cases
Cases
Process Law
of Making
Committee
Types of Law Nature Punishment
Bill50 -

common
% NPC >
- Crime
Constitution Amend
Bill
2nd Bill
draft -
(Solution to Problem)
) Criminal law
=> Act
8 Indian Penal Code 1860

-Codeof Criminal Procedure



1973
procedure of
houses of Parliament Punishment
example
LS 50 members >50 %
= 26
- >
Offences Murder ,
theft ,
assualt
, attempt to
RS 50 members > 50 %
Rajya Shaba Voting
Process is Conducted murder
LokShaha
26
>
-

Bill Passed
chajarity) When Prison time
involved


is

(2) Civil Law

President (Signature) Civil Procedure


-
Act Code of

↓ -

offences related to
·
divorce
settlement
of disputes

Official Gazette of India to be


followed by of the law to
·

family settlement
>
Aim is

- all citizens of solve disputes No ·


family law
(Act of the Parliament) India
. Jail · Non
delivery of Good
(3) Commonhaco -
Fasehaw]

Meaning
- It is
judicial precedent
Supreme Court law as notified

I
or case

↓ Judgement
by any Supreme
Court
Stare HC >
-

follows - Da

Decisis
If cases ahead of
them contain same
-
> On All
four legs
facts
Article
SC
() Principle of Natural Justice >
-

Harry Potter Spell (1)


Ministry of finance
Fundamental Principles of Justice Matters dealt with
capital market 7 union Budget Institutions
-L
>
-
Nemo Judex in Causa sua -
No one can be a
judge in his own Case CCU airport is (IT
>- taxation
Center & State ↓
finance Legislation
Portem- Party has fair hearing
Audi to have a
Alteram Each a
right
Services
Accounts Services
Reasoned Decision shall have the right to
speak and the Audit and
Every person
-

-
decision to be based on evidence. Indian RevenueRACE - Economic Services

services Civil and Account Services

Enforcement of Law
Departments
Parliament Act Advice
-
>
Approve
---
↓ Dept Dept Deptof Investment Deptoftconomic
Executive Dept of of of and Public Affairs

Wing Expenditure Revenue
Financial Aret Deptof Public
services

Management
Cabinet Ministers >
- head
of Various Ministries Enterprises

Ministry Ministry Ministry Education (2)


Ministry of Corporate Affairs
Dept of
-
of of of Ministry clear

Revenue Finance Law/Justice Transport Civil Servants (UPSC >


-
CSE)
↓ ↓ &

CBDT
-
head
Centrat
Indian Enterprise
Board of FM- Nirmala Sitaraman Indian Gout Points -
. Industrial

Direct Taxes) services


Ministry ·

↑ - matters HighestPost

Officers -> Civil Servants (IRS) Y


L
· CoAct 2013 Director General
of Ashok Kumar

Corporate Affairs
MahaPatra
· LLP 2008

IBG 2016
· (DGCoA)
(3) (6) Reserve Bank of India
Ministry of Affairs
home

Matters -
It is an apex bank
is Maintainence of internal
security -
To control the
banking System ofIndia (CMoneySupply
ii) domestic
Policy
Departments
Departments &

③ ② ① ⑭ ⑤ ⑥ L
V
Deposit Insurance Credit
and

Dept Dept Dept of Deptof Dept Dept BRBNM Guarantee


of Jak and of of Reserve Bank NPCI
Corporation
of Home
(Bhartiya


Border
security ladka
Affairs Official States Note Mudran) (National
Payments
Myh languages
Y- Corporation of India)
L
> ↓ L

Guarantee
(4)
Ministry ofLw end Justice Western Central
Payments Deposits
India India Settlement Insurance
facilities
Matters Departments (Nashik) (Dewas) systems

lanagement of Legal Affairs Department of Legal affairs To mint & print

I
>
-

Indian
Legislative Activities MLA
Legislative Department Notes
Currency
Administration
of Justice Department ofJustice

(5) Securities
Exchange Board
of India

Matters headed
by Ministry of Finance
·

Regulation ofSecurities Body = 1988

30thJan 1
and Powers =

commodity Market ↓
under
SEBIACt
1942
[Public Interest is
Indian Judicial
hurt] (ArticleNosa)
System
Writ Petition
-member bench 26 Jan 1450

- ↑
Supreme Court
now

,
b members
Chief Justice ofi
Indis

(AtPresent)
25
highCourts
>
-
Court writ Fundamental
right Compromise
fig
I h
Power 2141 -

-
Ateach and

Union
Territory

Civil Matters Only


*

--
> Cases
Upto 2crores

function under
high
District o
out

(Metropolitan Court -
>
Population > lolaths in number)

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