Theory
Theory legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Regulatory capture was the process by which regulatory agencies eventually came to be dominated by the very industries they were charged with regulating
Term regulatory capture referred to the subversion of regulatory agencies by the firms they regulated
Regulatory capture happened when a regulatory agency, formed to act in the public's interest, eventually acted in ways that benefitted the industry it was supposed to be regulating, rather than the public
Public interest agencies that came to be controlled by the industry they were charged with regulating were known as captured agencies
Regulatory capture was an example of gamekeeper turned poacher; in other words, the interests the agency set out to protect were ignored in favour of the regulated industry's interests.
Regulatory capture was the process by which regulatory agencies eventually came to be dominated by the very industries they were charged with regulating
Term regulatory capture referred to the subversion of regulatory agencies by the firms they regulated
Regulatory capture happened when a regulatory agency, formed to act in the public's interest, eventually acted in ways that benefitted the industry it was supposed to be regulating, rather than the public
Public interest agencies that came to be controlled by the industry they were charged with regulating were known as captured agencies
Regulatory capture was an example of gamekeeper turned poacher; in other words, the interests the agency set out to protect were ignored in favour of the regulated industry's interests.
"Theory", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124954287
Precedents & Case Laws citing "Theory"
2005 C L C 1632
RIZWAN RABBANI — Petitioner Versus UNIVERSITY OF HEALTH SCIENCES — Respondent
Court: Lahore2007 M L D 447
JOHRA SAEED and another — Petitioners Versus UNIVERSITY OF HEALTH SCIENCES through Vice-Chancellor and 2 others — Respondents
Court: Lahore2001 M L D 573
SHAHID BASHIR — Petitioner Versus CHAIRMAN, PUNJAB BOARD OF TECHNICAL
Court: Lahore1987 M L D 6
FAROOQ AHMAD and another — Petitioners Versus PUNJAB UNIVERSITY — Respondent
Court: Lahore1996 M L D 1136
ATTIQ‑UR‑REHMAN‑‑Petitioner Versus V.C. UNIVERSITY OF ENGINEERING‑‑‑Respondent
Court: Lahore1998 P T D 2678
COMMISSIONER OF INCOME-TAX Versus K.T. DOCTOR
Court: 1230 I T R 7442000 P T D 2076
SWAROOP CHAND KOJURAM Versus IISSIONER OF INCOME-TAX
Court: 235 I T R 732P L D 2003 Karachi 667
COLLEGE OF PHYSICIANS AND SURGEONS PAKISTAN‑‑‑Petitioners Versus WAFAQI MOHTASIB and others‑‑‑Respondents
Court:P L D 1977 Karachi 1049
NICK KAJTAZI‑Applicant‑Accused Versus THE STATE‑Opponent
Court: ‑‑ S. 156(1), cl. (3)‑Attempt to smuggle charas‑Sentence‑Extent of Accused, a foreigner, pleading guilty to charge‑Such plea a mitigating circumstance‑Sentence of six months' R. I. and fine of Rs. 30,000 reduced to three months' simple imprisonment and fine of Rs. 30,000. Sentence.2006 Y L R 2393
RASIKH AJMAL — Petitioner Versus UNIVERSTIY OF HEALTH SCIENCES, LAHORE through Vice-Chancellor
Court: Lahore