Yes — the principle is similar, but the mechanism is not. The similarity is real and worth taking seriously; the difference is just as important, and a good answer states both.
What is genuinely similar. The rājā did not stand alone. The Ṛigveda and Atharvaveda name three assemblies, and each had a distinct role:
| Assembly | Who was in it | What it did |
|---|---|---|
| Sabhā | Composed of select elites; a smaller body | Primarily a judicial function |
| Samiti | A larger assembly; represented the broader population | Focused on policy decisions and political affairs |
| Vidhata | A popular gathering attended by members of the community (janas) | A forum for discussions on warfare and other political matters |
So the rājā's power was exercised alongside bodies that discussed policy, judged disputes and included people beyond the chief's own family — which is the same underlying principle as a legislature and a judiciary today: power that must be exercised in the presence of others. The chapter adds a second piece of evidence that the rājā was not absolute — while kingship was generally hereditary, there are references to kings being elected or even expelled.
What is different, and must be said. A modern parliament rests on a written constitution, on elections by universal adult franchise, and on legally enforceable limits. The Vedic assemblies rested on custom. The sabhā was made of select elites, not of elected representatives. Nothing in the chapter says the assemblies could legally overrule the rājā.