IJSRP, Volume 13, Issue 5, May 2023 Edition [ISSN 2250-3153]
Madhu Kumari, Dr. Abhijay Chakraborty
White collar crimes like corporate crime are often referred to as administrative and economic crimes. The corporation is liable and responsible of the act when it was an entity distinct in law form an individual and committed the crime. Is a company employee responsible for the crime that was committed? According to the idea of vicariously liable in the preview of the question, the business was ruled liable, nor the employee. Companies have already assimilated into our society and with business growth; they will need to play a bigger role in our economy. However, this will put our society at risk of being exploited by these companies, thus it is also necessary to discourage them. Due to a number of factors, the first of which is the nature of the company form, the problem of corporate crime is unique and intricate. The occurrence of corporate criminal responsibility was triggered by the widening of negligence to individual actions. The current study discusses the history, nature, and types of corporate crime, liabilities, doctrine, and developments in the capital markets.