Competitive Exams Commerce Study Material: Business acts

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.

  1. Indian contract act 1872

  2. Indian sale of goods act 1930

  3. Indian partnership act 1932

  4. Industrial dispute Act 1947

  5. Minimum wages act 1948

  6. Indian companies act 1956

  7. Foreign exchange regulation act FERA 1973

  8. Foreign exchange management act 1999

  9. Monopolies and restrictive trade practice act 1969

  10. Consumer protection act 1986

  11. Indian income tax act 961

  12. Central excise act 1944

  13. Security exchange board of India act 1992

  14. Banking regulation act 1949

  15. Chartered accountant act 1949

  16. Information technology act 2000

  17. competition act 2002

  18. right to information act 2005

  19. Micro, Small and Medium Enterprises Development Act, 2006

  20. Commissions for Protection of Child Rights Act, 2005