Legal Compliances in India
1. Every entity as operating in India is required to comply statutory compliances in various fields i.e. (i) FEMA, 1999 (ii) Income Tax Act, 1961 (iii) Companies Act, 2013 (iv) Central Excise Act, 1944 ‘etc’ (v) Labor Laws i.e. (a) PF (b) ESI (c) Factories Act ‘etc’.
2. Approximately 500+ statutory compliances are needed to comply in India.
3. ‘Foreign’ companies working in India are also needed certain additional statutory compliances.
4. Multiple companies and multiple locations are further needed additional statutory compliances.
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