India Legal Aspects

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For any business venture to flourish evenly and take the shape of an invincible entity, legal aspects are considered to acquire key positions. The rigidity and the flexibility of these aspects differ from nation to nation. The implementation of the aspects is imperative. Internal instability, though, disables the free exercise of these aspects by industrialists.

A number of acts come under the legal aspects and some of these are :

1. Industries (development & regulation) Act, 1951
2. Foreign Exchange Regulation Act (FERA)
3. Foreign Exchange Management Act (FEMA)
4. The Arbitration & Conciliation Act, 1996
5. The Companies Act, 1956
6. The Contract Act, 1872