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India Government Regulations
- India has a legal framework to ensure that every company is functioning as per government rules & regulations.
- The most important law is the Companies Act, 1956. There are also other important legislative act such as;
- The Indian Contract Act, 1872
- The Industries Act, 1951
- Trade Unions Act, 1926
- The Competition Act, 2002
- Arbitration and Conciliation Act, 1996
- The Foreign Exchange Management Act (FEMA),1999
- Foreign Trade (Development and Regulation) Act, 1992
- Other laws related to business
Every company should comply with these laws according to the business they are doing.
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