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Showing posts from October, 2023

The Bharatiya Sakshya Bill, 2023

INTRODUCTION The Bhartiya Sakshya Bill, 2023 was introduced in Lok Sabha on August 11, 2023.  After being enforced, it will repeal the Indian Evidence Act, 1872. The Act provides rules for the admissibility of evidence in legal proceedings. This Bill enhances the concept of electronic records admissible as evidence, and removes provisions related to telegraphic messages.  As per this Bill, the main aim is to consolidate and to provide for general rules and principles of evidence for a fair trial. The main reason for introducing this Bill is that the Indian Evidence Act, 1872 did not keep up with the social changes and advancements in technology in recent years. IMPORTANT CHANGES IN THE BILL The following are the key changes which are proposed in the Bill:- 1. There are two types of evidence known as documentary evidence and oral evidence. Documentary Evidence has included electronic records which have been printed or stored in a computer.  The Bill provides that electroni...

Corporate Governance in India

INTRODUCTION Corporate Governance (CG) is a framework of rules, regulations, practices and processes which are used to run a Company. A Company's board of directors is the primary force for influencing CG. CG covers the areas of environmental awareness, ethical behaviour, corporate strategy, compensation and risk management. The Indian Government introduced several regulations to provide for CG in India. CG can be found in Companies Act, 2013 and some SEBI regulations for the purpose of increasing the transparency and accountability in a company.  CORPORATE GOVERNANCE UNDER INDIAN LAWS The following are the laws which govern corporate governance in India:- 1. ICSI's (Institute of Company Secretaries of India) Secretarial Standards ICSI was created by Company Secretaries Act, 1980 for the purpose of regulating the profession of Company Secretaries in India. The following standards state as follows:- a. Secretarial Standard 1 prescribes principles for conducting meeting of Board ...