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Investors Guide
How to start an Industry in Assam
Advantage Assam
Industrial Map of Assam
Investment Facilitation
Finance & Banking
Taxation System
Legal & Judiciary System
Industry and Business Related Laws
Intellectual Property Rights
Industry & Business Related Laws

India provides for core labour standards of the International Labour Organization ILO for welfare of workers and to protect their interests. India has a number of labour laws addressing various issues such as resolution of industrial disputes, working conditions, labour compensation, insurance, child labour, equal remuneration etc. Labour is a subject in the concurrent list of the Indian Constitution and is therefore in the jurisdiction of both central and state governments. Both central and state governments have enacted laws on labour issues. Central laws grant powers to officers under central government in some cases and to the officers of the state governments in some cases.

India has an exhaustive legal framework governing all aspects of business. Some of the important legislations are described below which needs attention of the investors.

Arbitration and Reconciliation Act, 1996

Act relating to alternative in redressal of disputes amongst parties.
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Central Excise Act, 1944
Act governing duty levied on manufacture.
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Companies Act, 1956
Act governing all corporate bodies.
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Competition Act, 2002

Act to ensure free and fair competition in the market.
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Consumer Protection Act, 1986

Act relating to the protection of consumers from unscrupulous traders/manufacturers
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Customs Act, 1962
Act dealing with import regulations.
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Customs Tariff (Amendment) Act, 2003
Act that has put in place a uniform commodity classification code based on globally adopted system of nomenclature for use in all trade-related transactions.
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Electricity Act, 2003

Act that regulates generation, transmission, distribution, trading and use of electricity and generally for taking measures conducive to the development of the electricity industry, promotion of investment and competition, protection of the interests of consumers and the assured supply of electricity to all areas.
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Environment Protection Act, 1986
Act providing the framework for seeking environmental clearances.
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Factories Act, 1948
Act regulating labor in factories.
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Foreign Exchange Management Act, 1999
Act regulating foreign exchange transactions including foreign investment.
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Income Tax Act, 1961

Act governing direct taxes on income of all persons, both corporate and non-corporate as well as residents and non-residents.
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Industries Disputes Act and Workmen Compensation Act
Labor laws dealing with disputes.
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Industrial (Development & Regulation) Act, 1951
Act governing all industries.
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Information Technology Act, 2000
Act governing e-commerce transactions.
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Money Laundering Act
Act preventing money laundering and providing for confiscation of property derived from, or involved in, money laundering.
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Patent (Amendments) Act, 2004
The Act amends the Patent Act, 1970 to extend the product patent protection to all fields of technology, including drugs, foods and chemicals.
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Sales Tax Act, 1948
Act governing the levy of tax on sales.
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Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Act seeking to put in place securitisation and asset foreclosure laws creating a legal framework for the establishment of Asset Reconstruction Companies.
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The Special Economic Zones Act, 2005
Provides a long-term, stable policy framework and establishes a single-window clearance mechanism for the establishment, development and management of SEZs and units operating in such zones. An SEZ is a specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
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Payment of Wages Act, 1936
The Payment of Wages Act was enacted during the British Rule in 1936 on the recommendations of the Royal Commission on Labour. The Act regulates the payment of wages to workers and ensures that they are disbursed by the employers within the stipulated time frame and without any unauthorized deductions.
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Contract Labour [R&A] Act, 1970
Every principle employer who intends to employ contract Labor in his Establishment/Factory shall make an application in specified form to the concerned authority of the area in which the establishment sought to be registered is located.
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Payment of Bonus Act, 1965
The payment of Bonus Act is applicable to every factory and every other establishment in which twenty or more persons are employed on any day during an accounting year excluding some categories of employees as contained in section 32 of the Act (i.e. employees in Life Insurance – Corporation, seamen, port and dock workers, universities, etc.).
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Minimum Wages Act
A Minimum Wages Bill was introduced in the Central Legislative Assembly on 11.4.48 to provide for fixation of minimum wages in certain employments. It was passed in 1948 and came into force with effect from 15.3.48.
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Dock Workers (Safety, Health & Welfare) Act, 1986
contains provisions for the health, safety and welfare of workers working in ports/docks.
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Mines Act, 1972
Contains provisions for measures for the health, safety and welfare.
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Maternity Benefit Act, 1961
Regulates employment of women before and after child birth and provides for 12 weeks maternity leave, medical bonus and certain other benefits.
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Payment of Gratuity Act, 1972
provides for payment of gratuity @ 15 days’ wages for every completed year of service or part thereof, in excess of seven months.
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Site Last Updated on : January 22, 2017