Question
Which of the following is true about the offence of
organized crime under the Bharatiya Nyaya Sanhita, 2023?Solution
The Bharatiya Nyaya Sanhita, 2023 has introduced specific provisions for “organized crime” under Section 111, marking a major shift from the IPC. • Organized crime is defined as continuing unlawful activity by an individual or a group, intended to gain pecuniary or other material benefits, often involving violence, threats, or intimidation. • It includes extortion, contract killings, trafficking, illegal trade, and similar offenses carried out by criminal syndicates. • Punishment can range from a minimum of 5 years to life imprisonment or even death, depending on the severity and consequence (e.g., resulting in death). This provision ensures stronger legal action against syndicate-led crimes, which is vital for national security and economic stability — both key concerns in insurance and public sector governance.
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As per Ind AS 16 / AS 10, the residual value of a tangible fixed asset should be:
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1. Medium enterprises with turnover up to Rs 2 crore and ce...