6:50 PM
These are the following legal guidelines required for starting a business in India:
A) Choose a Legal Business A person who wishes to start a business is first and foremost required to check and see whether the business which he wishes to start is a lawful business with a lawful object in the eyes of law that is; it is not prohibited under any law that is in force. For example the following business is prohibited:
Wagering Business i.e. betting or gambling is prohibited under law.
Trade of prohibited items like animal skin.
Sale of some animal skin specified under the Wildlife Act is also prohibited.
B) Choose the Type of Business A person is secondly required to decide how he desires to operate his business whether he will be operating as a:
proprietorship,
firm of partners,
A company...
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