Legalities in India
India Business Experts
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Possibly looking to expand our construction business to another country and am looking for some advice. I have attached a few points that I need to consider before taking such a large leap into another culture. Of course there are many other questions that I have but would love some input on these topics from someone familiar with this country and it's wonderful culture. Physical environment
Total Posts: 7 Last post by florencehanger15
Business isn't as easy in some countries as it is here in the UK. You need to be aware of the cultural and legal implications of your business operations in India, because you could face heavy punishment for transgressing.
It is therefore important to acclimatise yourself with the law in India. There will be many legalities that you will have to adhere to, and you may even find that some laws you are familiar with here in the UK are no longer applicable. Likewise, you may find some new laws which strike you as strange or even oppressive.
Some of the areas to investigate when setting up a business in India:
The body of laws, administrative rulings, and precedents which oversees the legal rights of, and restrictions on, employees and their organisations. This will include things such as minimum wage in India, holiday and maternity entitlement, ergonomics, trade unions, disability, etc.
The body of laws which oversee business and commercial activity in India. It may encompass such areas as principal and agent; freight and shipping; guarantee; marine, fire, life and accident insurance; bills of exchange and partnership; contracts; food and health regulations; safety laws; privacy rights; copyrights; trademarks; etc.
Civil / Common Law
The body of law that oversees society in India. It is invariably culture specific. It is important to familiarise yourself with these laws, especially as you will be adopting a new environment and culture.
Organisations that can assist with Legalities
Documents, contracts and identity proofs for anti-money laundering going abroad often require the signature and seal of a notary public to be accepted in the receiving country.
Legal help setting up or expanding you company overseas. Company structure, company law,property law
Factual legal and procedural information for setting up a company, joint venture or partnership overseas.
TMF Group helps companies expand and invest seamlessly across international borders.