The Prevention of Corruption (Amendment) Act, 2018 (Amendment Act) came into force on 26 July 2018. Our POV covers the key highlights of the Amendment Act and what commercial organisations should do to develop adequate procedures in compliance with such guidelines as may be prescribed to prevent persons associated with it from undertaking such conduct
The Prevention of Corruption Act, 1988 (PCA) was enacted to prevent corruption in public offices. Due to PCA’s limited success, there was a need to introduce changes that could help make it more effective. The Prevention of Corruption (Amendment) Act, 2018 (Amendment Act) came into force on 26 July 2018, and seeks to bring the Indian anti-corruption legal framework in conformity with current international practices laid down by the United Nations Convention Against Corruption (UNCAC). In our POV we have attempted to bring forth the key highlights of the Amendment Act.
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