PPT: Indian Regulatory Framework | Business Laws for CA Foundation PDF Download

 Page 1


Indian Regulatory 
Framework
Page 2


Indian Regulatory 
Framework
Law For Chartered Accountants
Beyond the Syllabus
Understanding law is 
crucial for becoming a 
competent Chartered 
Accountant, as they 
often serve as the 
initial point of contact 
for various legal 
matters.
Essential Knowledge
Legal knowledge is 
essential for advising 
management and 
clients on legal issues 
at a fundamental level.
Taxation Specialization
For those interested in 
taxation, it's important 
to recognize that tax 
laws require a 
foundational 
understanding of the 
country's legal and 
regulatory framework.
Page 3


Indian Regulatory 
Framework
Law For Chartered Accountants
Beyond the Syllabus
Understanding law is 
crucial for becoming a 
competent Chartered 
Accountant, as they 
often serve as the 
initial point of contact 
for various legal 
matters.
Essential Knowledge
Legal knowledge is 
essential for advising 
management and 
clients on legal issues 
at a fundamental level.
Taxation Specialization
For those interested in 
taxation, it's important 
to recognize that tax 
laws require a 
foundational 
understanding of the 
country's legal and 
regulatory framework.
Evolution of Law
Historical Progression
Humanity has transitioned from hunter-gatherer to agricultural to industrial society, resulting in 
complex social structures requiring laws and regulations.
1
Code of Hammurabi
Recognized as the oldest known written 
law, created by King Hammurabi who 
ruled Babylon from 1792 BC to 1758 BC.
2
The Twelve Tables
In 450 BC, laws inscribed on 12 bronze 
tablets in Rome, considered the first 
comprehensive code in any civilization.
Page 4


Indian Regulatory 
Framework
Law For Chartered Accountants
Beyond the Syllabus
Understanding law is 
crucial for becoming a 
competent Chartered 
Accountant, as they 
often serve as the 
initial point of contact 
for various legal 
matters.
Essential Knowledge
Legal knowledge is 
essential for advising 
management and 
clients on legal issues 
at a fundamental level.
Taxation Specialization
For those interested in 
taxation, it's important 
to recognize that tax 
laws require a 
foundational 
understanding of the 
country's legal and 
regulatory framework.
Evolution of Law
Historical Progression
Humanity has transitioned from hunter-gatherer to agricultural to industrial society, resulting in 
complex social structures requiring laws and regulations.
1
Code of Hammurabi
Recognized as the oldest known written 
law, created by King Hammurabi who 
ruled Babylon from 1792 BC to 1758 BC.
2
The Twelve Tables
In 450 BC, laws inscribed on 12 bronze 
tablets in Rome, considered the first 
comprehensive code in any civilization.
What is Law?
Law consists of obligations and responsibilities established by the government to 
ensure societal welfare and deliver justice.
The legal system in India mirrors the social, political, economic, and cultural 
dimensions of our diverse nation.
Page 5


Indian Regulatory 
Framework
Law For Chartered Accountants
Beyond the Syllabus
Understanding law is 
crucial for becoming a 
competent Chartered 
Accountant, as they 
often serve as the 
initial point of contact 
for various legal 
matters.
Essential Knowledge
Legal knowledge is 
essential for advising 
management and 
clients on legal issues 
at a fundamental level.
Taxation Specialization
For those interested in 
taxation, it's important 
to recognize that tax 
laws require a 
foundational 
understanding of the 
country's legal and 
regulatory framework.
Evolution of Law
Historical Progression
Humanity has transitioned from hunter-gatherer to agricultural to industrial society, resulting in 
complex social structures requiring laws and regulations.
1
Code of Hammurabi
Recognized as the oldest known written 
law, created by King Hammurabi who 
ruled Babylon from 1792 BC to 1758 BC.
2
The Twelve Tables
In 450 BC, laws inscribed on 12 bronze 
tablets in Rome, considered the first 
comprehensive code in any civilization.
What is Law?
Law consists of obligations and responsibilities established by the government to 
ensure societal welfare and deliver justice.
The legal system in India mirrors the social, political, economic, and cultural 
dimensions of our diverse nation.
Sources of Law
1
Constitution
2
Parliament & State Laws
3
Judicial Precedents
4
Customs & Usages
India operates as a parliamentary democracy, governed by a constitution that serves as the 
foundation and source for all laws. Representatives elected to Parliament and state assemblies 
create laws, making Parliament the ultimate law-making authority.