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Legal System of India

The video explains the nature of laws and regulations in India. The Indian Judicial System is largely based on the English Common Law system - where, the law is judged by judges through their decisions, orders, and judgments. There is a dual system of governance i.e., Central government and State government. The powers of both governments are determined on the basis of the Union List, State List and Concurrent List. Indian democracy is based on the Legislative branch, the Executive branch and the Judicial branch. Further, the video explains the steps of how laws are made with the participation of government, ministries, cabinet and both Houses of Parliament Lok Sabha and Rajya Sabha. After getting a brief on the judicial system of India, you’ll get to know about entity-related corporate laws like the Companies Act, FEMA (Foreign Exchange Management Act), Tax Laws, Labour Laws, Information Technology and Privacy Laws. #legalsystem #doingbusinessinindia #india