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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Uniform Securities Act

The Uniform Securities Act is a law designed for securities regulation at the state level. This model law has been created by the National Conference of Commissioners on Uniform State Laws. The Uniform Securities Act of 2002 replaces both the 1956 and the 1985 Acts.

Since all securities are not covered federally and all security dealers are not registered at the federal level, the Securities and Exchange Commission is not in a position to protect all investors and to follow up all security violations. The Uniform Securities Act provides the inputs for state level regulation of securities for further protection of the investors. There are provisions for registration of issue of securities and offerings in the concerned state of sale or issue as well as registration of any securities broker functioning in the state, in order to protect the investing public from fraud. Uniform regulation across different states or jurisdictions through adoption of this model law was in contemplation. Among the purposes of this Act is to deal with securities fraud at the state level.

The new Uniform Act retains the existing enforcement powers of the state securities regulators with further enhancements. Enforcement includes civil and criminal actions in courts and administrative proceedings. The Act also includes civil liability provisions for damages from the guilty to the victims of security frauds and scandals.

The Uniform Securities Act also contains reciprocal provisions for sharing of information by the different state agencies relating to securities with the United States Securities and Exchange Commission and other federal authorities.

This Act also makes provisions for creation of Securities Investor Education and Training Fund for sponsoring such programs to increase financial literacy in order to promote larger and broad based participation of the public in the country’s equity markets.