2.6
Economic Legislations
Unit I:
Competition Act, 2002
Objective
and definitions- Prohibition of certain agreements, abuse of dominant position
and regulation of combinations- Competition commission of India: duties, powers
and function of commission- Duties of Director General, Penalties- Provisions
relating to finance, account and audit- Miscellaneous provisions.
Unit II:
Foreign Exchange Management Act. 1999
Objects
and definitions- Regulation and management of foreign exchange, Dealings in
foreign exchange, holding of foreign exchange etc, current account
transactions, capital account transactions, export of goods and services,
realization and repatriation of foreign exchange, exemption, authorized person-
contravention & penalties- Adjudication & appeal, directorate of enforcement-
Miscellaneous provisions.
Unit III:
Standards of Weights and Measures Act 1976
Objects,
detailed study of the provisions relating to packaged commodities under the
Act- Applicable provisions concerning penalties and offences.
Unit IV:
Securities and Exchange Board of India Act. 1992
Object,
organization and management of SEBl- powers and functions of the
board-registration certificate- provisions relating to finance. Accounts and
audit- penalties and adjudication- Securities appellate tribunal.
Unit V:
The Essential Commodities Act 1955
Object,
power of the central government, seizure and confiscation of essential
commodities, summary trial.
Unit VI:
Law relating to pollution control and environment protection
Sailent
features of the Air (prevention and Control of Pollution) Law, Water and
Environment (Protection) Law-various Boards and their functions and powers;
duties of occupier of specified industries to ensure adherence to standards;
offences by companies. Legal and regulatory framework, procedures of obtaining
various environments clearances: role and functions of Environment Tribunal
Authority.
Unit VII:
The Right to Information Act 2005
Preliminary,
right to information and obligation of public authority, The Central
Information Commission, the State Information Commission, powers and functions
of the information Commissions, appeals and penalties.
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