Business Studies, asked by palakagarwal51, 8 months ago

what is the statement in new law prospectives​

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Answered by Anonymous
10

In Indian Lwa “A new law ought to be prospective, not retrospective in its operation.” The meaning of the word prospective with reference to statutes shows that it is concerned with or applying the laws in future or atleast from the date of commencement of the statute. Whereas the word retrospective when used with reference to an enactment may mean: 1. Effecting an existing contract or 2. Reopening of the past , closed and completed transactions, or 3. Affecting accrued rights and remedies, or 4. Affecting procedure.

Answered by Anonymous
2

Answer:

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