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Assignment on Impact of Legislations and Regulations in Organisation

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Added on  2020-06-06

Assignment on Impact of Legislations and Regulations in Organisation

   Added on 2020-06-06

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Assignment on Impact of Legislations and Regulations in Organisation_1
TABLE OF CONTENTS
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INTRODUCTIONThe business law can also be referred as company law which consist of the legislationsand rules all the company must follow to run the business successfully. In UK, all the businesslaws established under Companies Act 2006 (Jones, 2017). This report contains the sources oflaw which has to comply with by all the organization. Further, it will show the role ofgovernment in making the statutory and common law. This assignment will also show theimpacts of legislations and regulations in context with the given scenarios. SECTION 1a) Sources of laws (P1)English law system is known as the common law which is basically followed in Englandand wales and afterwards it is comprises of civil law. This law is framed by judges which aresitting in the courts and formulate English law system. On the other hand statutory law is definedas on law framed by the government of the nation and common law is term which have beenframed laws England. Furthermore, English law system is stated as a combination of criminallaw and civil law. This all are formulated for the benefits people who live in the nation. Further there are different sources of law that is Legislative, Enactment constitution, JudicialDecisions, Treaties etc. The sources are considered as the origin of all the laws. The laws are developed in 4 waysin UK i.e. common or case law, EU law, human rights law and legislation. Human rights lawEuropean communities Act 1972 was passed, just to ensure that it will be known as thesource of British Law. The act of human rights 1998 became domestic just to make sure that allthe conventions of Europe are incorporated related to human rights (Coulter and Hancké, 2016).The higher courts are responsible for declaring the incompatible statute in relation to the humanresource act. The parliament is liable to make changes in any of the rules and legislations, Common lawThe rules which are made by the judges just to make sure that all the organizations arefollowing the same laws irrespective of their shape and size. The priority was to develop suchkind of system which will be common to all and must cover all the circumstances. All thecompanies have to create the organizational hierarchy and have to operate under theseregulations. The final decision will be made by the higher court and that will not be adjustable. 1
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European Union lawThe domestic laws are working along with these laws. The European community act1972 was signed by the government of UK and they have agreed on all the terms and conditionsput up by EU. This particular source is reducing the decision making for the domestic or locallaws (Rendon, 2017). Two treaties have been used in developing these laws. One is treaty ofEuropean union and second is the functioning treaty of European union. LegislationsThe prime source of any law is their legislations. It will be the combination of all therules and regulations which is declared by the legal authority. These laws will be having somestatutory instruments which are order of council and Bye laws (Casey, 2016). The rules havebeen created after the formation of bill. These bills have to be submitted in the parliament andafter the approval of all the parties, it will be declared as law. 2
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