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The IUP Journal of Law Review
Focus

This issue contains five papers. The first paper, “Dilemma in Defining the Conceptual Framework of Mergers and Acquisitions in India: An Analysis”, by Mangala Hiwarale, takes a close look at the various terminologies associated with mergers and acquisitions under the Companies Act and analyzes the various fundamental concepts with reference to mergers and acquisitions under the Companies Act. The author outlines the current applicable legislation, detailing the existing law, its interpretation along with judicial precedents that clarify when and how the provisions apply to each transaction. The author opines that these concepts need to be explained and understood before any analysis of the legal framework regulating mergers and acquisitions in India.

The second paper, “Corporate Social Responsibility: Responsibility or Obligation?”, by K Sita Manikyam, moves around developing an understanding about Corporate Social Responsibility (CSR), delving into its concept and finding out its scope for effective implementation. The author seeks to suggest that the Government should consider rewarding and recognizing corporate houses and their partners non-governmental organizations for implementing projects that effectively cover the poor and the underprivileged. The author sets forth the criteria to greater transparency in CSR reporting.

In the third paper, “Prevention of Sexual Harassment at Workplace: An Analysis of Recent Legislative Initiatives in India”, the author, M Sanjeeva Rao, critically analyzes the position of women in the workplace vis-à-vis sexual harassment and its redressal. The author attempts to review the history and context of feminist legal struggles in general and specifically around sexual harassment of women at workplace. The author looks at the law on sexual harassment as laid down by the Vishaka judgment and the recent legislative initiatives in India. The author examines the criticisms of law on sexual harassment—a more general feminist critique of law as an activist strategy, through the perspective of women at workplace. The author asserts that the policy should emphasize the need on the part of the employees to promptly report cases of sexual harassment by the third party to the employer or the designated officers so as to enable the employer to take appropriate action.

In the fourth paper, “The Human Rights Act, 1993: A Cratological Critique”, the author, Irfan Rasool, seeks to highlight the various provisions relating to composition, functions and powers of the National Commission on Human Rights established in India. He makes an attempt to cratologically analyze the provisions of the Human Rights Act in the light of the controlling Constitution.

The last paper, “Non-State Actors and Applicable Laws During Non-International Armed Conflicts: A Legal Dilemma”, by Anita Yadav, attempts to bring out certain clarity about various ambiguities in non-international armed conflicts. The author seeks to identify the key elements in international human rights legal framework applicable to Non-State Actors (NSAs) during non-international armed conflicts. The author tries to suggest the most possible ways that can ensure better compliance of laws by NSAs during non-international armed conflicts.

-- V Hemalatha Devi
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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