Why White- Collar Crimes Are Dangerous?

White-collar crime was first defined in the year 1939, by a sociologist and most influential criminologist of the 20th century, Edwin Hardin Sutherland, as “crimes committed by people who enjoy the high social status, great repute, and respectability in their occupation”. Associated with the corporate sector, white-collar crimes are defined as non-violent crimes, generally committed by businessmen and government professionals. In layman language, crimes committed by people who acquire influential positions in a company are termed white-collar crimes. India is a developing country and white-collar crimes are becoming a significant factor for its underdevelopment. The trend of white-collar crimes in India poses a threat to the economic development of the country. These crimes require prompt intervention by the government by not only making stringent laws but also ensuring their effective implementation.

Which Companies Should Be Audited?

What is Audit?  “Audit” means to examine something thoroughly. “Auditing is an independent inspection of the financial information of any organization; whether profit-oriented or not…

Principles of Corporate Governance

“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which…

M.C. Mehta Vs. Kamal Nath

Equivalent Citations: (1997)1 SCC 388 Introduction The Doctrine of Public Trust, which has its origin in the Roman Law, primarily rests on the principle that…

Features of a Company

Lord Justice Lindley has defined a company as “an association of many persons who contribute money or money’s worth to common stock and employ it in…