Terms
This query is : Resolved
11 October 2011
Dear All,
Please explain the followings terms and what is the major difference in these.
1.RULES
2.REGULATIONS
3.NOTIFICATION
4.CIRCULAR
5.AMENDMENT
6.PROVISION
7.PROVISO
And which of these is the part of BARE ACT
Please explain the followings terms and what is the major difference in these.
1.RULES
2.REGULATIONS
3.NOTIFICATION
4.CIRCULAR
5.AMENDMENT
6.PROVISION
7.PROVISO
And which of these is the part of BARE ACT
25 October 2011
RULES are made to provide for a procedure, i.e. how to do a particular task.
REGULATION is similar to rules, but it has more concern with does and donts.
NOTIFICATION AND CIRCULAR are issued by departments (and not Govt) to clarify certain provisions of Act/Rule/Regulation.
AMENDMENT means alteration of Law (ie Act/Rule/Regulation etc)
PROVISION means clauses written in Law
PROVISO are those clauses which are exceptions to general clauses.
PROVISION AND PROVISO are part of bare act.
REGULATION is similar to rules, but it has more concern with does and donts.
NOTIFICATION AND CIRCULAR are issued by departments (and not Govt) to clarify certain provisions of Act/Rule/Regulation.
AMENDMENT means alteration of Law (ie Act/Rule/Regulation etc)
PROVISION means clauses written in Law
PROVISO are those clauses which are exceptions to general clauses.
PROVISION AND PROVISO are part of bare act.
07 March 2012
Thanks for Reply Pawan Ji,
can you more elaborate the Term Rules Vs. Regulation and authority whose issued the same.
can you more elaborate the Term Rules Vs. Regulation and authority whose issued the same.
07 March 2012
See ! rules are made to state some procedure for which government or authority has already allowed.
Regulation requires some control. Like Companies (CG) Rules and Forms - it is rule to provide how to file forms. But SEBI (SAST) Regulation is to control the Acquisition and Takeover.
Usually Acts are made by Govt in parliament, and Regulations are made by any other Authority with sanction of parliament. Rules are made either by authority or by Government.
Regards
Regulation requires some control. Like Companies (CG) Rules and Forms - it is rule to provide how to file forms. But SEBI (SAST) Regulation is to control the Acquisition and Takeover.
Usually Acts are made by Govt in parliament, and Regulations are made by any other Authority with sanction of parliament. Rules are made either by authority or by Government.
Regards
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