5 Such Rules Of The Government Of India That Every Business has to be followed — Life Insider Blogger
By: Rishiraj Lodhi
Tags: Businessman, Industry, Rules, India, Business

5 Such Rules Of The Government Of India That Every Business has to be followed — Life Insider Blogger

India is a country that provides adaptability to every kind of business. One of the major reasons for this is that India is advancing fast, which has led to a new industrial revolution in India.

In recent months, we seen huge change in Indian businesses. Many companies invested in India to startup in new businesses and in Largest companies.

There are several new resources in India which help in simplifying the business. In today ‘s time, every company in the world wants to carry on its business in India because every company is aware that there are lots of ways and means of moving business forward in India.

But in the midst of all this, all companies even the smallest of businessmen have to observe certain rules of business in the government of India. Here, mention is made of five major rules of the government of India which are necessary for every business.

Why companies need to follow the rules?

5 Such Rules Of The Government Of India That Every Business has to be followed.

(1). Company Formation Laws.

(2). Business Finance Laws.

(3). Tax And Accounting Laws.

(4). Securities Laws.

(5). Intellectual Property Laws.

Business rules include some terms and conditions that enable every business to function to its limits and prevent any business from doing the wrong thing and provide a new direction for every new business to start. These trade rules are not limited to one country, but are applicable to the whole world. Trade Law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade and sales.

There is no doubt that this is the common question, ‘’ why companies need to follow the business rule’’, its reason is that business rules are applicable in whole world’s, it prevent to companies to doing any wrong activity or wrong thing. Business rules must also be used to ensure an organization is abiding by local, state, and federal regulatory requirements and guidelines. Business Laws or Rules are intended to assert business structure or to control or influence the behavior of business.

When you start your own company, you first need to determine what type of business you want to do and then you have some responsibilities.

Because when a company is formed then those who are its producers have to bear a lot of responsibilities. Will it be a company with limited liability or will it be a public company.

The indian companies act, states laws for each type of company. There are various pre and post — incorporation requirements that you need to complete while setting up your business, Starting with registering Company with your regional register of companies.

A company is properly constituted only when it is duly registered under the act and a Certificate of incorporation has been obtained from the register of Companies.

There are a lot of rules and laws related from Business Finance which is certified by government of India. Business Finance law is very important in the entire success of company.

Largely, there are three types of funding — equity funding, debt financing or self financing.. If you are getting equity funding from venture capital firms or angel investors you need to have various documents. Understanding financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.

If your company related to finance field then you have to meet take approval from Government under finance law. Financial law is the law and regulation of insurance, derivatives, commercial banking, Capital markets and investment management sectors.

“Tax” provides for any company to walk or skip or continue a company. One profession has to pay different types of taxes for the government.

This rule is more important if any company violates the government tax rules or steals the tax, hence this rule has been framed.

Tax according is used by individuals, businesses, corporations and other entities. Tax accounting for an individuals focuses on income, qualifying deductions, donations and any investment gains or losses.

A business has to pay different kinds of taxes — Central, State and Local. However, a lot is going to change with onset of GST (Goods and Services). You need to maintain books of accounts for your business. Also, maintaining accounts is a legal requirement in India.

There are several types of terms and conditions related from securities laws of businesses. Securities Law are very important for each in every business. If you don’t know so I want to tell you that you can list your business on SME stock exchange.

Regulated by the securities and Exchange Board Of India, without having to launch an Initial Public Offering ( IPO). Securities law dictates what a corporation has to do in order to offer their investment to the public.

Security laws are a crucial matter of your business success. You have to follow all security rules. You can read all security laws on any website related from government of India.

Securities law Act, 2014 is a legislation in India, which provided the securities market regulator securities And Exchange Board Of India.

Intellectual Property Rights or Law is one of the most important law in current time, it saves everybody’s own product, content, writing and everything. It is more important when there is a questions of internet uses.

This becomes all the more important when it comes to what is done by a person or an organisation. Because by this rule, the real owner of something is protected. It means no one can claim anything.

If your business is related from the development of app, Code, theme, product, design, painting, then you might want to put your name on it. Doing this will help you avoid intellectual Property theft.

Definitely it is not enough , but it is important for you and your business. But if you have any information or suggestions so please share with me.