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Prevention of Corruption Act 2018

The Prevention of Corruption (Amendment) Act, 2018 introduces significant changes like time-bound judicial processes, simplified offence definitions, stricter punishments, liability for giving bribes, and penalties for commercial organizations, but it also dilutes investigation powers, hinging heavily on the neutrality of the authority granting investigation approval.

Parag Kar by Parag Kar
19 Aug, 2018 - Updated On 14 Nov, 2024
in Investment Dynamics
Reading Time: 6 mins read
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Recently, on 26th July 2018, the GOI notified the Prevention of Corruption (Amendment) Act, 2018. This is an amendment to the earlier Act of 1988. This act is significantly different from the earlier act in many respect. The purpose of this note is to highlight the key differences and how it might impact the lives of the citizens.

Judicial Process is Now Time-Bounded

The clause 4(4) of the original act has been appended with the following test.

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Tags: Anti-Corruption MeasuresBribery PenaltiesCommercial OrganizationsCorruption LawGovernment AccountabilityJudicial ReformsLegal AmendmentsPrevention of Corruption ActPublic ServantsTransparency
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