Dear All, What is the difference between statutory and regulatory requirements? Can any one provide examples also. regards, Narayan nariy@rediffmail.com
From India, Hyderabad
71From India, Hyderabad
Dear Narayan
Statute = A law
Regulation = Control of paractices (to say within a law)
Let's say the law says you can't kill your empolyees (seems reasonable). The regulation may require you to tell empolyees about hazards they may face.
From India, Panipat
Statute = A law
Regulation = Control of paractices (to say within a law)
Let's say the law says you can't kill your empolyees (seems reasonable). The regulation may require you to tell empolyees about hazards they may face.
From India, Panipat
In so far as it relates to employment in industry, Statutory means that what is directed under law and Regulatory is that which pertains to the procedures to enforece such law and are laid down by the rules framed by the Government.
For example, while Sec. 79 of the Factories Act directs that workers shall be granted annual leave at the rate of one day for 20 days of work, the procedure as to how to implement this direction is stipulated under Rules which prescribe a leave registers in the prescribed format etc. with lot of details like name of the employee, the detaisl of working days , details of lay off or leave avialed etc so as to arrive at the numbe rof leave to be credited.this procedurula patrt belongs to regulatory mecahnism which is supervised by the Inspector of factories appointed for thsi purpose under the Act. same is the case with variou other safety and health provisions.
This is my understanding.
B.Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
For example, while Sec. 79 of the Factories Act directs that workers shall be granted annual leave at the rate of one day for 20 days of work, the procedure as to how to implement this direction is stipulated under Rules which prescribe a leave registers in the prescribed format etc. with lot of details like name of the employee, the detaisl of working days , details of lay off or leave avialed etc so as to arrive at the numbe rof leave to be credited.this procedurula patrt belongs to regulatory mecahnism which is supervised by the Inspector of factories appointed for thsi purpose under the Act. same is the case with variou other safety and health provisions.
This is my understanding.
B.Saikumar
HR & Labour Law Advisor
Mumbai
From India, Mumbai
Dear Narayan,
What I understand is that Statute means law. Statutory means of law or created by law, which is passed by an act of parliament through legislative body and is mandatory to be followed on its application.On the other hand a regulatory is a process to control or direct according to rule, principle, or law required to implement a statute. In my opinion, Factory Act is a statute or law whereas the rules framed under the Factory Act by the respective state Govts are regulation to implement the provisions framed the Factory Act.The labour dept is a regulating body accountable for the implemention of the statutes.
BS Kalsi
Member since Aug 2011
From India, Mumbai
What I understand is that Statute means law. Statutory means of law or created by law, which is passed by an act of parliament through legislative body and is mandatory to be followed on its application.On the other hand a regulatory is a process to control or direct according to rule, principle, or law required to implement a statute. In my opinion, Factory Act is a statute or law whereas the rules framed under the Factory Act by the respective state Govts are regulation to implement the provisions framed the Factory Act.The labour dept is a regulating body accountable for the implemention of the statutes.
BS Kalsi
Member since Aug 2011
From India, Mumbai
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