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"There is a list of statues which deal "There is a
list of statues which deal with the menace of corruption and with
the menace of corruption and bribery in the Indian Companies and
the Governmental Authorities"
Bribery and corruption are the sensitive concerns for any
organization doing business locally or globally. In India, there is
a list of statutes which deal with the menace of corruption and
bribery in the Indian Companies and the Governmental Authorities,
at different levels. The same is in the nature of regulatory,
prohibitory, guidelines based and penalised measures.
Essentially, the instances of bribery and corruption acts are
dealt with and governed by the Indian Penal Code, 1860 and the
Prevention of Corruption Act, 1988 (as amended)
(POCA). Some other statues and regulations which
deal with corruption are (i) the Prevention of Money Laundering
Act, 2002 (aiming to prevent instances of money laundering and
prohibit use of the
