Source: 4)c)6m,MDTP1, ICAI Module, RTP,Sept2024, 4)c)6m,MTP1,Sept2024, 4)c)6m,MTP1,Jan20256 Marks
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Question Scenario

What is Law and what is the process/procedure of making a law?

Estimated Writing Time: 10 mins Try in Practice Mode

Suggested Answer

What is Law? Law is a set of obligations and duties imposed by the government for securing welfare and providing justice to society. India's legal framework reflects the social, political, economic, and cultural aspects of our vast and diversified country. The Process of Making a Law i) When a law is proposed in parliament, it is called a Bill. ii) After discussion and debate, the law is passed in Lok Sabha. iii) Thereafter, it has to be passed in Rajya Sabha. iv) It then has to obtain the assent of the President of India. v) Finally, the law will be notified by the Government in the publication called the Official Gazette of India. vi) The law will become applicable from the date mentioned in the notification as the effective date. vii) Once it is notified and effective, it is called an Act of Parliament.

Exam Strategy Tip

When answering law questions in the CA Foundation exam, follow the "Provision -> Facts -> Conclusion" structure for maximum marks. Ensure to state the relevant sections where applicable to earn bonus marks from the evaluator.

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