NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Commerce Study Material: Business Acts
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Business Acts
Legal environment of business in India and List of Different Indian Acts which affect business
Legal environment of business means all factors relating to laws and legal orders which affect business and its working.
Business must be operated under the rules and regulation of different laws of India. The following is the list of main laws which affect business.
- Indian contract act 1872
- Indian sale of goods act 1930
- Indian partnership act 1932
- Industrial dispute Act 1947
- Minimum wages act 1948
- Indian companies act 1956
- Foreign exchange regulation act FERA 1973
- Foreign exchange management act 1999
- Monopolies and restrictive trade practice act 1969
- Consumer protection act 1986
- Indian income tax act 961
- Central excise act 1944
- Security exchange board of India act 1992
- Banking regulation act 1949
- Chartered accountant act 1949
- Information technology act 2000
- competition act 2002
- right to information act 2005
- Micro, Small and Medium Enterprises Development Act, 2006
- Commissions for Protection of Child Rights Act, 2005