StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Certain rules and regulations related to the commercial domain - Essay Example

Comments (0) Cite this document
Summary
This paper is aimed at discussing different business laws and laws and to relate these laws and regulations with the global business or commercial contexts. Business law or commercial law is the organisation of law that administers business and commercial transactions. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Certain rules and regulations related to the commercial domain
Read TextPreview

Extract of sample "Certain rules and regulations related to the commercial domain"

Download file to see previous pages

This study looks into law as ‘the rule that the society will enforce’. The notion of law has been used by several aspects like economic activities, such as production and consumption, social activities, such as social integration and relationship, but the most important aspect is related to the business or the commercial activities. In this context the notion of business law has been used. The role of the competition commission where the person is working can be described by the Competition Act that has been introduced in 1998 under the UK law act. The competition commission is a member body of the ‘competition and regulatory responsibilities under UK law’. The competition commission is part of the competition law of the UK. The competition commission is public body that is characterised as a non-departmental organisation. The commission was started as an independent body by the act of 1998 by replacing the ‘Monopolies and Mergers Commission’ on 1999. The commission is aimed at conducting in-detail investigations into:
• Mergers (which are either anticipated or completed),
• Markets (which is related to the scale monopolies and monopoly practices)
• Regulations (including price regulations and industry regulations etc.). These are the major roles of the commission where the person works as a trainee.
The role of the commission is to investigate those above mentioned practices and activities and to refer these investigations to the Office of Fair Trade (OFT). The commission cannot initiate any investigation unless it receives reference by another authority.
The commission is responsible for taking decisions regarding the mergers and market and for providing remedial measures to industries. These remedial measures are related to the adverse effects which are or can be obtained by mergers and consumers or producers in the market. After completing its investigation the commission produces a report regarding the investigation and its associated results and submits this to the concerned authority and hence, provides remedial measures or decisions (Competition Commission: General Advice and Information, 2006, p.7). The commission conducted a study on “Public Enterprises, Government Policy and Impact on Competition: Indian Petroleum Industry” on reference by Indicus Analytics Pvt. Ltd. The objective of the study was to examine the nature of competition in Petroleum Refining. The study showed that there is monopoly in the domestic market and suggested that to introduce competition in the market, it is necessary to lift restrictions on imports (Public Enterprises, Government Policy and Impact on Competition: Indian Petroleum Industry, 2009) Under the Competition Act 1998, 50 public schools were fined for fee fixing by OFT. These schools include Eton and Harrow. Each school was ordered to pay a fine of ? 10000. Around 40000 students who attended between 2001 and 2004 were supposed to beneficiaries (Smithers, 2006). 2. What are monopolies, mergers and cartels? Monopolies, mergers and cartels are the form of economic organisations where one or very few producers produce homogeneous products. A monopoly is defined as the market structure where only one producer or firm produces and supplies a particular product to all the customers of that product. In the UK market for postal service, the Royal Mail had a 350 ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Certain rules and regulations related to the commercial domain Essay”, n.d.)
Retrieved from https://studentshare.org/law/1394436-business-law
(Certain Rules and Regulations Related to the Commercial Domain Essay)
https://studentshare.org/law/1394436-business-law.
“Certain Rules and Regulations Related to the Commercial Domain Essay”, n.d. https://studentshare.org/law/1394436-business-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Certain rules and regulations related to the commercial domain

Ethical Dilemma, Professional Organizations Issue Rules and Regulations

The Samaritan in the Holy Bible was also just another passer-by like the trekkers in SADHU but he behaved unlike these trekkers and also did not ignore his duties as a human being. The priest and the temple assistant are supposed to be in service of the Lord but they did not understand that to serve another human being is the biggest service to the lord. The Samaritan, despite his schedules, spent time and effort in providing comfort to a dying man. He fulfilled his duty by bringing him back to the inn on his own donkey, and while departing ensured that the Jew was fully taken care of. The actors in SADHU did show some concern but only to the extent, their schedules were not hampered.

Being ethical is to be dutiful and...
6 Pages(1500 words)Assignment

Various Aspects Related To HIV and the Deadly Acquired Immunodeficiency Syndrome

HIV is defined as the human immunodeficiency virus, as its infection causes a severe depletion in the host immune response. Its earlier names include HTLV (human T-cell leukaemia virus) type III, LAV (lymphadenopathy-associated virus), ARV (AIDS-associated retrovirus)(Pratt, 1995). The infection by this virus leads to a depressed immune state that the person becomes susceptible to infection caused by microorganisms that are otherwise the normal inhabitants of a healthy human body.

According to UNAIDS (2006) report, the total number of people in the world living with HIV infection has escalated to 39.5 million, which includes 2.5 million children. However, it seems that the disease is more severe in developing countries...
10 Pages(2500 words)Essay

Emergency Service Personnel and the Impact of Stress and Cardiac Related Problems on Their Jobs

Due to the nature of their jobs, personnel working in these departments are prone to many occupational hazards, the most important of which is stress. This could be due to their own living environment, their protective gear, their officers and leaders, current management styles, co-workers, and the stress of leaving their families and loved ones alone during natural and man-made disasters. Many of them are required to withstand horrendous physical and psychological assaults as they perform their duty. They have to work in the midst of civil unrest, urban terrorism, structural collapse, earthquakes, and hurricanes. They need to be action-oriented and need to be in control. Those people who choose a career in this path, with all its...
10 Pages(2500 words)Term Paper

Ethics in Hotels Related to Revenue Management

The future of the hotel industry or we might want to rephrase it as the hotel development regime is one that will continue to prosper no matter how trying the circumstances are or how cutthroat the competition is, within the realms of comprehension related with care and commitment brought together at the same level. However, there are certain ethical issues that come under the fold of these hotels which raises some eyebrows every now and then. The same needs to be properly comprehended, analyzed and worked upon in detail if ever there is some sort of ethical boundaries being incorporated into the related field of business. (Baum, 1997)

The development of the hotel industry brings with it a certain number of issues as we...
12 Pages(3000 words)Term Paper

Commercial Aviation

The business of carrying cargo, mainly mail commenced in 1909 and commenced carrying passengers around the early twenties. It was mostly privately owned with government assistance. Later in post World War II era, some national airlines were formed. However, largely it has been the private enterprise that has featured in the commercial airline business.
The main thrust of commercial aviation took shape from 1945 onwards as the use of aircraft during the war had established the usefulness of air travel. However many a government had regulations that were applied from time to time, either to support or control the industry. The USA was a leader by offering the least controls. In 1978 US further deregulated air travel, much to th...
12 Pages(3000 words)Case Study

Legal Aspects of Commercial Contracts

In addition, the working day could not exceed eight hours. Moreover, individuals working in the night shift had to be provided with free health assessments. Further, every worker was to be permitted an eleven hour rest period daily (Hardill, 2002. P. 66). In addition, there had to be a one day break from work per week. Furthermore, if the number of working hours were in excess of six hours per day, then the employer had to allow a rest break during the working hours. Finally, it was specified that every worker was entitled to four weeks of paid leave per annum (Employment Matters, 2007).

At the time of his employment, Ben was seventeen years. All the same, he was made to work for more than forty hours a week. In additio...
6 Pages(1500 words)Case Study

Why Are Performance Management Such Closely Related Aspects of Human Resource Management

Performance management systems make use of the fact that performance is increased on the part of all concerned and there is no shortfall as concerns to commitment, dedication, and devotion when at work. (Bilgin, 2007)

What this performance management system does is to ensure that the right people get the bonuses, incentives and so on as well as point out the ones who have fallen short on the company’s expectations over a period of time. This would help in giving them rewards and incentives which will eventually make one and all happy at the end. Also, this will continue their desire to achieve more and more within a specified period of time and thus come into the good books of the company. In return, they can be g...
6 Pages(1500 words)Essay

The Difference between Prudential and Protective Regulations

Governments attempt to regulate and organize different fields of life in their respective countries. This need for regulation has been created for a number of reasons. One prominent reason may be attributed to the fact that the government may assess a certain industry having a significant impact on the economy thereby embarking on a regulation endeavor. By these regulations, the government will be able to protect its markets from failure, leading to unwanted deficiencies such as monopoly, windfall profits, anti-competitive behavior, and predatory pricing.

One of the most important types of regulations that endeavor to protect consumers and restore confidence in the financial markets as being genuine is the regulation...

9 Pages(2250 words)Research Paper

Legal Regulations of Exceptional Student Education in the United States

The PL 94-142 Education for all Handicapped Children Act (1975) or EHA is a piece of federal legislation that requires every State of the Union, with the exception of those states that do not provide free public education to children between 3 to 21 years of age; to provide free and appropriate public education for all the children in the age group of 3 to 21 years. Moreover, such education should be provided irrespective of physical disability or its gravity. This law is the first of its kind that ensures Free and Appropriates Public Education or FAPE for all the physically handicapped children in the US (Law and Exceptional Students).
The Individual Education Plan or IEP is an individualized education program for a disabled...
6 Pages(1500 words)Assignment

Transatlantic Dispute over GMO Regulations

There has in the past been a row over the regulations of Genetically Modified Organisms (GMO) or Genetically Engineered Organisms (GEO), where different factors have been quoted by different stakeholders. The most notable of the stakeholders have been United States, Canada, and Argentina, which have brought about consultations aimed at straightening the disputes, with the European Community (EU), under the auspices of the World Trade Organization (WTO), and in respect to the “Moratorium for Regulations and Approval of Biotech Products” (Pipe SW 2008, pg 11). Based on the fact that the whole issue of GMOs rotates around a process where an organism has its genetic material altered using genetic techniques is in itself a...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Certain rules and regulations related to the commercial domain for FREE!

Contact Us