Discuss the legal provisions and regulations that govern business ethics in India, including the Companies Act, 2013, and the Consumer Protection Act, 2019.
For any discrepancies in this question, email contact@cadada.in
Business Ethics & ValuesSubjectiveQuestion 5797 of 6
All Questions Ad
Ad
Detailed Solution & Explanation
The Companies Act, 2013, and the Consumer Protection Act, 2019, are two key legislation that govern business ethics in India. The Companies Act, 2013, regulates the formation, management, and operation of companies, including provisions related to corporate social responsibility, insider trading, and auditor independence. The Consumer Protection Act, 2019, protects consumer rights, including provisions related to product liability, unfair trade practices, and consumer dispute resolution. Additionally, other regulations, such as the Competition Act, 2002, and the Information Technology Act, 2000, also play a crucial role in governing business ethics in India. These laws and regulations aim to promote fair business practices, protect stakeholder interests, and ensure compliance with ethical standards.
This solution has been verified by multiple AI reviewers for accuracy.
More Questions from Business Ethics & Values
Which of the following is NOT a principle of business ethics?
What is the primary goal of corporate social responsibility (CSR)?
Which of the following is an example of a moral principle in business?
Explain the concept of stakeholder theory and its significance in business ethics.
Analyze the ethical implications of corporate governance and its impact on business decision-making.
Ready to Master Business Ethics & Values?
Practice all 6 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free