Legalities in India
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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that you will have to adhere to, and you may even find that some laws you are familiar with here in the UK are no longer applicable.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.
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If you are looking to start or expand your business in the UK, India or Poland, no need to look any further. EFT International has been helping entrepreneurs in understanding these markets, setting up operations and taking care of their tax and finance needs.
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