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Business Law in India is complicated and vast. However, the Business Laws in India are consistent across the country, and lawyers work across states to represent individuals and companies and close disputes.
Business law covers a range of matters about company policies, propriety, labor laws, consumer protection, etc.
Here are some primary legal nuances that pertain to running a business in India –
Company Formation Laws –
It covers matters regarding the ownership of a business and its scope in the public or private sector.
Paperwork and bureaucracy accompany opening any new business in the country.
You start with securing the company name and obtaining a Certificate of Incorporation, PAN, TAN, patent rights, trademark and registering with the state government body and GST.
Business Lawyers assist you in navigating through the process.
Business Finance Laws –
These laws cover matters of funding.
They involve the norms in debt funding, equity funding, or self-funding.
Tax and Accounting Laws –
All businesses have to pay various fees to local, state, and central bodies.
Companies are also obligated to maintain accounts on their revenue and expenditure.
Labor Laws –
These laws are in place to protect the rights of employees joining a company.
They endorse privacy rights, social status, federal regulations, etc.
Intellectual Property Laws –
The individual or company behind any creation or development holds property rights over them.
These laws assure no mishandling of their creations and uphold their ownership over them.
Information Technology Laws –
With increasing online activity and interactions, India’s Government introduced laws with the IT Act to protect businesses’ online privacy and identity.
For expert counsel and simple solutions to your business’s legal requirements, fill-up the form on our website and get in touch.