!UMMARY NOTES-
INDIAN
FRAMEWORK
l R O A D M A P O F CH
APTER (rJ
s
W ha t 15 La w
Pr ess f
m '.1 al
E"'Iforeement " f
La"' 1 pesof La
tf)' .•
Indian Finance
Regulatory
Fra mework
MCA
SfBl
MaJor Regulat or
Boches
Structure of RBI
Indian Jud1c1al
System
IBBI
t,11111stry of Law
, no JustJCe
[ CONCEPT - 1 INTR
ODUCTION
1 h1.. pu q, n, c of a regu
la to r} frame,\ urk ,s to
pro, ,de a -..et t' I umt\,,
ru !c-, and regulatio ns m
th at \\ 111 go\ em the co
nduc t of pl!Dpk mtem
\\ 1th \.'rt ch other 111 pe ctm g
rso na l as \\ ell a~ bm,m
css relat,\,n-.. If ,, e tall.
.i lC,~ n• 1.w. abN1t
··( odl! of l lum m urab
i .. j.., kno, ,n fo r ol dc
:-.t 1::1" in " 111en INn
J.... 11H! l l:i mmu• 1G
' m k .1 Bahy lo n
1
for the pe nod from 1-
l k c,m cd thL· c ,1J t: on 92 8( to 1- 5}. BC
J- ~il ky -;lL' l1l" , labs an
d \mlcred 10 pl,1l'c th c1-.
the l'llY so thnt th e .c ,t\1t1c'> l n d fr1\'nt pl
pt,b lH.. nw> ha , c th k' c" nll o, l'r
e kno" lt'J gc of Cl1d
cs l·k .11..,,, , pp,nn:l·
\\ hcthc1 pu hh c 1:-. fo llo d Jttd_!l''> ll' dw.. k
,, 111,:; the! 1<1 \'. :- •
, • let of laws "as c-ng1,11, t'U on 12 hronzc tahlet m Rome wh1d1 15 con 1dcrcd fir l m
oode of an} "' the n, 1h;,.at1nns und culled I" elvc ruhlc.,
1\e purp<,,e of thc,c tnhk-. \\ '.,
1 to pmtC"d t 1,c rights llf public nnd
to provide remedy for \\i1on All
the ut lll'th ot R,imc W\:fi;. ,uppO!->Cd lt) Im\ c the kn,rn kdgc 111 these rnhlc Ovc1 1he 111ne mm11
nm,:ndmcnh "C'rc done in tht•,c 1.1,,' tb per the requ1rcmcms
In th h "uh1i:ct, ) ou "ill he tnt1 oduccd 1,, m.my In," s r here lore, m tlu ch 1ptcr "c "111 first under nd
h,,,.,1lws1.: 1,1\\., ,11 c m ,ldL• ,llld h11\\ thl') m \: unplcrncntct.l
CONCE PT-2 WHAT IS LAW
Lfl\\ ,.., ,1 ,ct nl 11bhgaturn.., 11ml du11cs 11npo-,cd by the go\Cmflh.' nl
2 fn :-t'd11mg \\Clfarc ,md p1tl\1dmg 1u,t1tc to soc1et}
Lt·gnl l1,1mc\\N k rcnccb the so 1nl pol1t1•·,1I.
- ,.....
..·onom,c nnd cu lturnI nspccts ol our \O t ind
di\ Cl ,dkd Cll\11111)
CONCEP T - 3 SOURCES OF LAW qjt:},
1 he mc11n ..1111rt·c~ or l,m m lnd111 ua: thr < m-..u1u11 n. the
,t.11ute" ot l,m, m,1dc h~ Pmh,11nent nd "' tc \ cmbh
P1etcdcn h ,,r the lu<l1c10I D..: 1 10n, t I,. nou ( our\ nd
111 1,111c en-;c.., cst,1bh1,hcd C. us11,m~ ind l , •c:
( ()11',llllltll)ll \\ 1lllC'n In~trumul l ( mood} 111g Rules
Parliame ntary Democra cy: s, stem of (,mt \\ here call/ n elect R p cnt ttvc to , le ,, latute
pmh,1mcnt t1, m 11,,c rule, of counl1)
f he C11..>\ ,·1 nmcnt 1,I lndu1 \d. IQJ, p 1~scd by the Parhnmcnl ot the United Kingdom I the prccur50r
101 th1..· (. 111bt1tut1t,11 ol l11d1,1 It dl'fincd th..: ch.u.w:tcn,t1~s of the U \emmcnt
from ..,m1uiry"
.. kdcrJl' PO\\CI' \\1..'rc J1,tnhutc d hctw~n C. cntre and State lo O\Otc.l nn) d1 putes
In 11117 r t·tk1,1l ( t•urt \\,b 1:-.tahlt,ht"d .ind hatl the JUnsu1ct1on ol nppclbtc ongmnl md nd\1 r,
file po\\cr" ot \ppcllJtc Juthd1d1011 c,tcndcd 10 cl\al and cnmmnl c.:nses ,,'hcrca the Ad 1 1)
Jun,d1dw n \,a.., c,tcndcd ,,,th the po,,er, to Fetkral Court to nd,1,c Go,emor- (,cneral mm He f
public np1111()n
1 he Fc,kral Courl oper 11cd h1r 12 ) t>ar, and heard rough)~ l 5 l cases 1 he Fe.der 1 C..oun
-.uppl mr..-<l h) lndi.1 ... tunc:nt \pc, lourt. th ~.;premc Court of India.
n1e Cub' irut1f1n of lndm I 9r;o 1~ the fl rcmo...1 la" that deals "1th the frame\\ rk "1th n \\ t h
demncrnm: s~-.tl!m \\01k,, nnd ou, 111", are made for the pcopk. b} the people The Co~t utll n abll
pro, 1Jc tor and protects ccn..1tn Fu11d,1mental nl!ht:.. of c1u1cns It ol o I , s \to,-. n 1-una
well a 1hc J)O\\Crs and duth.'"' ofGo,cmml:1tl'- bt::ith Central nnd ~t te
2
INDIAN
FRAMEWORK
l R O A D M A P O F CH
APTER (rJ
s
W ha t 15 La w
Pr ess f
m '.1 al
E"'Iforeement " f
La"' 1 pesof La
tf)' .•
Indian Finance
Regulatory
Fra mework
MCA
SfBl
MaJor Regulat or
Boches
Structure of RBI
Indian Jud1c1al
System
IBBI
t,11111stry of Law
, no JustJCe
[ CONCEPT - 1 INTR
ODUCTION
1 h1.. pu q, n, c of a regu
la to r} frame,\ urk ,s to
pro, ,de a -..et t' I umt\,,
ru !c-, and regulatio ns m
th at \\ 111 go\ em the co
nduc t of pl!Dpk mtem
\\ 1th \.'rt ch other 111 pe ctm g
rso na l as \\ ell a~ bm,m
css relat,\,n-.. If ,, e tall.
.i lC,~ n• 1.w. abN1t
··( odl! of l lum m urab
i .. j.., kno, ,n fo r ol dc
:-.t 1::1" in " 111en INn
J.... 11H! l l:i mmu• 1G
' m k .1 Bahy lo n
1
for the pe nod from 1-
l k c,m cd thL· c ,1J t: on 92 8( to 1- 5}. BC
J- ~il ky -;lL' l1l" , labs an
d \mlcred 10 pl,1l'c th c1-.
the l'llY so thnt th e .c ,t\1t1c'> l n d fr1\'nt pl
pt,b lH.. nw> ha , c th k' c" nll o, l'r
e kno" lt'J gc of Cl1d
cs l·k .11..,,, , pp,nn:l·
\\ hcthc1 pu hh c 1:-. fo llo d Jttd_!l''> ll' dw.. k
,, 111,:; the! 1<1 \'. :- •
, • let of laws "as c-ng1,11, t'U on 12 hronzc tahlet m Rome wh1d1 15 con 1dcrcd fir l m
oode of an} "' the n, 1h;,.at1nns und culled I" elvc ruhlc.,
1\e purp<,,e of thc,c tnhk-. \\ '.,
1 to pmtC"d t 1,c rights llf public nnd
to provide remedy for \\i1on All
the ut lll'th ot R,imc W\:fi;. ,uppO!->Cd lt) Im\ c the kn,rn kdgc 111 these rnhlc Ovc1 1he 111ne mm11
nm,:ndmcnh "C'rc done in tht•,c 1.1,,' tb per the requ1rcmcms
In th h "uh1i:ct, ) ou "ill he tnt1 oduccd 1,, m.my In," s r here lore, m tlu ch 1ptcr "c "111 first under nd
h,,,.,1lws1.: 1,1\\., ,11 c m ,ldL• ,llld h11\\ thl') m \: unplcrncntct.l
CONCE PT-2 WHAT IS LAW
Lfl\\ ,.., ,1 ,ct nl 11bhgaturn.., 11ml du11cs 11npo-,cd by the go\Cmflh.' nl
2 fn :-t'd11mg \\Clfarc ,md p1tl\1dmg 1u,t1tc to soc1et}
Lt·gnl l1,1mc\\N k rcnccb the so 1nl pol1t1•·,1I.
- ,.....
..·onom,c nnd cu lturnI nspccts ol our \O t ind
di\ Cl ,dkd Cll\11111)
CONCEP T - 3 SOURCES OF LAW qjt:},
1 he mc11n ..1111rt·c~ or l,m m lnd111 ua: thr < m-..u1u11 n. the
,t.11ute" ot l,m, m,1dc h~ Pmh,11nent nd "' tc \ cmbh
P1etcdcn h ,,r the lu<l1c10I D..: 1 10n, t I,. nou ( our\ nd
111 1,111c en-;c.., cst,1bh1,hcd C. us11,m~ ind l , •c:
( ()11',llllltll)ll \\ 1lllC'n In~trumul l ( mood} 111g Rules
Parliame ntary Democra cy: s, stem of (,mt \\ here call/ n elect R p cnt ttvc to , le ,, latute
pmh,1mcnt t1, m 11,,c rule, of counl1)
f he C11..>\ ,·1 nmcnt 1,I lndu1 \d. IQJ, p 1~scd by the Parhnmcnl ot the United Kingdom I the prccur50r
101 th1..· (. 111bt1tut1t,11 ol l11d1,1 It dl'fincd th..: ch.u.w:tcn,t1~s of the U \emmcnt
from ..,m1uiry"
.. kdcrJl' PO\\CI' \\1..'rc J1,tnhutc d hctw~n C. cntre and State lo O\Otc.l nn) d1 putes
In 11117 r t·tk1,1l ( t•urt \\,b 1:-.tahlt,ht"d .ind hatl the JUnsu1ct1on ol nppclbtc ongmnl md nd\1 r,
file po\\cr" ot \ppcllJtc Juthd1d1011 c,tcndcd 10 cl\al and cnmmnl c.:nses ,,'hcrca the Ad 1 1)
Jun,d1dw n \,a.., c,tcndcd ,,,th the po,,er, to Fetkral Court to nd,1,c Go,emor- (,cneral mm He f
public np1111()n
1 he Fc,kral Courl oper 11cd h1r 12 ) t>ar, and heard rough)~ l 5 l cases 1 he Fe.der 1 C..oun
-.uppl mr..-<l h) lndi.1 ... tunc:nt \pc, lourt. th ~.;premc Court of India.
n1e Cub' irut1f1n of lndm I 9r;o 1~ the fl rcmo...1 la" that deals "1th the frame\\ rk "1th n \\ t h
demncrnm: s~-.tl!m \\01k,, nnd ou, 111", are made for the pcopk. b} the people The Co~t utll n abll
pro, 1Jc tor and protects ccn..1tn Fu11d,1mental nl!ht:.. of c1u1cns It ol o I , s \to,-. n 1-una
well a 1hc J)O\\Crs and duth.'"' ofGo,cmml:1tl'- bt::ith Central nnd ~t te
2
