Question

Difference between law, rules, guidelines and regulations

Answer 1

Hey Mate...

An Act is a law which is made by the legislature like Parliament or State Legislative Assembly. The term 'law' in general refers to the set of regulations or rules to be followed. Law can be in the form of an act, ordinance, order, by-laws, rule, regulation etc.  Legally, an ordinance is the equal to Act.

The rules and regulations will give an individual or company guidelines to follow when entering into a specific transaction or transactions.  “ Rules and regulations are made to enforce laws, either civil or otherwise( examples could be the boy scouts have a set of their own rules and/or regulations).

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