Question
A company claims it implemented adequate procedures to
prevent bribery. According to the PC Act, this is:Solution
Section 9 provides a statutory defence for commercial organisations. A company that proves it had adequate procedures to prevent bribery is not criminally liable. This defence applies broadly to all companies, regardless of ownership or certification status. Courts emphasise that robust internal compliance systems, anti-bribery policies, and monitoring mechanisms constitute this defence. Option B is correct. Other options incorrectly limit applicability or misstate procedural requirements. This provision aligns Indian law with international anti-corruption standards, including the UK Bribery Act.
Name the first life insurance company to function in India?
An excess is another word for:
Who is the chairman of 15th Finance Comission?
What is the insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter?
Which insurance policy covers the construction phase of a building project?
The Vallarpadam Terminal, which is a container trans-shipment facility, was launched in February 2011. It is a part of which among the following ports?
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
What covers professionals for negligence and errors or omissions that injure their clients?
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