White collar crimes: A legal challenge on Indian corporate system

White collar crimes form a separate category of criminal offences. The terms White collar crime and ‘Economic Crime’ are more often than not, used as synonyms in fact, both the terms need to be used to define different categories of crime. White collar Crimes not only victimize individuals with pecuniary loss but can also have serious repercussions on the Corporate System. White collar Crimes includes such as various financial scams, fraud, money laundering, tax evasion etc. are crimes which evoke serious concern and impact on the Corporate system. This paper seeks to present a perspective on the trend of Corporate crimes and legislative measures to deal with such crimes in India. The paper is divided into two sections. The first section gives different dimension of corporate crimes and the second section deals with relevant legislation to prevent the corporate sector from White collar crime.