CONSUMER PROTECTION ACT 1986 History of 1986 Act :- The consumer protection act‚ 1986 is one of the benevolent social legislation intended to protect the large body of consumer from exploitation. The act has come as a panacea for consumers all over the country and has assumed the shape of practically the most important legislation enacted in the country during the last few years. With the Introduction of this law‚ consumers now feel that they are in a position
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THE IMPACT OF THE DODD-FRANK ACT ABSTRACT The economic crisis we have endured for the past few years has been compared to the Great Depression; a downward spiral that seem inevitable and consumed anyone in its path. It seemed like every major company needed financial assistance; bailouts‚ after bailouts seemed almost never-ending. Then came the Dodd-Frank Act‚ a proposal that was made to avoid such an epidemic from ever reoccurring again. The Dodd-Frank Act presented rules and regulations that
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The Mental Health Act The mental health act is an act design to protect people with mental illness. It was originally written in 1983 and reformed in 2007. It sets out clear guidance for a health professional when a person may need to be taken into compulsorily detained in a hospital. This is known as sectioning. This helps carers who are unable to cope without help. People can be sectioned if the health care profession thinks they are a danger to themselves‚ they are a danger to another person
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The Sarbanes-Oxley Act The Sarbanes-Oxley act was enacted in 2002 following corporate financial scandals like those involving Enron and WorldCom. The act was created in order to combat corporate accounting fraud and enhance the quality of corporate financial disclosures. To accomplish this‚ the act created the "Public Company Accounting Oversight Board"‚ or PCAOB to oversee audits and compliance. History of the Act The Sarbanes-Oxley act arose as a result of several corporate accounting scandals
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The Sarbanes–Oxley Act known as the ’Public Company Accounting Reform and Investor Protection Act ‚Corporate and Auditing Accountability and Responsibility Act and commonly called Sarbanes–Oxley‚ Sarbox or SOX‚ is a United States federal law which set new or enhanced standards for all U.S. public company boards‚ management and public accounting firms. It is named after sponsors U.S. Senator Paul Sarbanes and U.S. Representative Michael G. Oxley. The bill was enacted as a reaction to a number
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Information Act on October 12th‚ 2005. As per the Parliament of India‚ the purpose of the RTI Act is ‘to provide for setting out the practical regime of right to information for citizens’[i]. The Act applies to all the states and union territories of India‚ except Jammu and Kashmir. The Act is applicable to all constitutional authorities – any institution or body constituted by an act of Parliament or state legislature – including the executive‚ judiciary and the legislature. This act empowered the
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The Affordable Care Act The Affordable Care Act‚ also known as the Patient Protection and Affordable Care Act‚ or Obamacare‚ was put into law by President Barack Obama on March 23‚ 2010. The focus of the Act is a health care law geared towards improving the health care system of the United States by broadening medical coverage to more Americans‚ as well as protecting the existing health insurance policy holders. The Obama Administration‚ states that those people that already have
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THE ACT OF BEING NICE People sometimes forget the simple fact that being nice to others can actually be good for them. My mother and some unique persons whom am going to mention later guided and chided me to being a very nice person. Sometimes it works and sometimes it didn ’t. After all‚ we all get ill-tempered from time to time and take it out on those around us. We can see that being nice to others is good for them‚ but did you realize it ’s in your best interest too? Recognizing the personal
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Error! No index entries found. Table of Contents Introduction of Competition………………………………………………………………………2 Economic Phases in India…………………………………………………………………………4 The Competition Act‚ 2002……………………………………………………………………….8 Anti – Competition Agreements (Section 3)…………………………………………….10 Abuse of Dominance (Section 4)………………………………………………………...11 Regulations of Combinations (Section 6)………………………………………………..13 Competition Advocacy (Section 49)…………………………………………………….16 Competition Commission
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Dodd Frank Act: The Dodd Frank Act is a movement constructed that purports to provide rigorous standards and supervision to protect the economy and American consumers‚ investors and businesses‚ purports to end taxpayer funded bailouts of financial institutions‚ claims to provide for an advanced warning system on the stability of the economy‚ creates rules on executive compensation and corporate governance‚ and eliminates some loopholes that led to the 2008 economic recession. The Act is categorized
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