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What are the implications of the BNS on corporate criminal liability and white-collar crimes?

Posted by jobseeker kashvi | Approved
Answers (2)

The Bharatiya Nyaya Sanhita (BNS), 2023 strengthens laws on corporate criminal liability and white-collar crimes. It allows companies to be held liable even without mens rea, increases penalties for fraud and cheating, and holds responsible officers accountable. It also covers modern crimes like cyber fraud and aims to deter financial misconduct.

Answered by jobseeker Krish Chandna | Approved

The Bhartiya Nyaya Sanhita (BNS) 2023 significantly strengthens corporate accountability for white-collar crimes in india :-
It clearly defines white-collar crimes like corporate fraud, insider trading, and cyber fraud, making prosecution more straightforward.
The BNS introduces stricter penalties, including imprisonment up to life and substantial fines, for financial crimes.
Specialized economic offense courts and fast-track procedures are established to expedite trials.
Companies are held directly liable for crimes committed by their senior executives, even if the board wasn't directly involved. Mandatory reporting requirements and whistleblower protections encourage transparency and accountability.
The law enhances enforcement by improving coordination among agencies like the CBI and ED .

Overall, the BNS 2023 modernizes India's legal framework to more effectively combat and deter white-collar crimes.






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Answered by jobseeker Poonam Kumari | Approved

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