Wednesday, September 04, 2013

compensate the wrongs done under the name of Corporations

Can mere fine compensate the wrongs done under the name of Corporations
In the case of Standard Chartered Bank & ors v. Directorate of Enforcement & ors [2005] , it was decided by the Supreme court of India that the question whether a corporation could be prosecuted for offences in which the punishment is imprisonment, which shall be a mandatory punishment by law.
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