Somany, Sandip

Delicate balance: Regulatory enforcement & favorable business environment - Yojana - 68(1), Jan, 2024: p.49-52


One of the most noteworthy aspects of the act is its substantial modification of penalties. In a bold departure from the conventional approach, the act replaces imprisonment with a system of higher fines/penalties forvarious offences. This strategic shift aims to care a more effective deterrent against violations, ensuring a stronger enforcement mechanism without disrupting business. – Reproduced