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The Partnership Act of 1932 covers partnership firms in India. Business laws regulating chartered accountants and cost accountants were passed in 1949 and 1959, respectively. The Banking Regulation Act of 1949 continues to regulate private banking companies and manage banks in India.

In the Indian law system, we have around 1248 laws. All these laws will make the law system of India more effective and extensive. The constitution of India was the longest, with 450 articles, 12 schedules, and 101 amendments.

List RBI ? Reserve Bank of India. ... SEBI ? Securities and Exchange Board of India. ... IRDAI ? Insurance Regulatory and Development Authority of India. ... PFRDA ? Pension Fund Regulatory & Development Authority. ... NABARD ? National Bank for Agriculture and Rural Development. ... SIDBI ? Small Industries Development Bank of India.

Government direct business regulations are federal rules and acts enacted to safeguard businesses and the public interest. Small firms can benefit from these restrictions as they expand. For example, if you operate a construction firm, government rules may demand the use of specific safety equipment on the job site.

The Government's regulatory role ensures that businesses operate fairly and transparently without engaging in deceptive or unfair practices that could harm consumers. The Government also sets standards for safety, quality, and environmental protection to ensure that businesses protect the public interest.

Private companies in India are regulated by the Companies Act, 2013 which acts in regulating the total number of members of the company, number of directors of the company, rights of shareholders of the company and lists down methods of raising capital.

General Licenses And Registrations GST Registration (if your annual turnover exceeds Rs.20 lacs) (Rs.10 lacs for north-east states) Permanent Account Number (PAN) Tax Account Number (TAN) Bank Account. Shop and Establishment Act License (for commercial and physical premises)