{"id":26861,"date":"2022-03-11T11:59:54","date_gmt":"2022-03-11T06:29:54","guid":{"rendered":"https:\/\/plyinsight.com\/?p=26861"},"modified":"2022-03-11T11:59:54","modified_gmt":"2022-03-11T06:29:54","slug":"26134-legal-threats-to-entrepreneurship","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/26134-legal-threats-to-entrepreneurship\/","title":{"rendered":"26,134 legal threats to entrepreneurship"},"content":{"rendered":"

As the government takes steps to improve the ease of doing business in the country, a new study has highlighted 26,134 legal perils in India’s business laws that entrepreneurs and corporations face.<\/strong><\/p>\n

Five states have more than 1,000 imprisonment clauses in their business laws: Gujarat (1,469), Pun\u00adjab (1,273), Mahar\u00ada\u00ads\u00adhtra (1,210), Karna\u00adt\u00adaka (1,175), and Tamil Nadu (1,043), according to a study by Observer Research Foundation and TeamLease RegTech. Of the 1,536 laws that govern doing business in India, more than half carry imprisonment clauses. And of the 69,233 compliances that businesses have to follow, 37.8 per cent carry imprisonment clauses.<\/p>\n

\u201cThis regulatory cholesterol has ensured that while India’s impressive aggregate gross dom\u00adestic product (GDP), at $2.6 trillion, makes it the world’s fifth-largest economy, its GDP per capita, at $1,900, stands below Bangladesh, Syria, and Nigeria,\u201d says the report.<\/p>\n

More than half these clauses carry a sentence of at le\u00adast one year, says the report. Several criminalise process violations, while some punish in\u00adadvertent or minor lapses rat\u00adher than willful actions to cause harm, defraud, or evade. For some laws, delayed or incorrect filing of a compliance report is an offence whose punishment stands on par with sedition un\u00add\u00ader the IPC, 1860.<\/p>\n

More than 50 clauses in labour laws carry imprisonment caluses. Report says that enterpreneurship in India have to tackle various laws and clauses to prevent them from working freely. For example, Factories Act 1948 have 58 laws where 8682 clauses lead to imprisonment.
\nCourtesy: Business Standard<\/p>\n

\n

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\n

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As the government takes steps to improve the ease of doing business in the country, a new study has highlighted 26,134 legal perils in India’s business laws that entrepreneurs and corporations face. Five states have more than 1,000 imprisonment clauses in their business laws: Gujarat (1,469), Pun\u00adjab (1,273), Mahar\u00ada\u00ads\u00adhtra (1,210), Karna\u00adt\u00adaka (1,175), and Tamil Nadu […]<\/p>","protected":false},"author":1,"featured_media":26864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2287],"tags":[316,2209,603,2319,322,2105,2320,1270],"class_list":["post-26861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-march-news-2022","tag-budget","tag-economical","tag-economy","tag-enterpreneurship","tag-gdp","tag-ministry-of-skill-development-and-enterpreneurship-new-delhi","tag-sensex","tag-share-market"],"yoast_head":"\n26,134 legal threats to entrepreneurship - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/26134-legal-threats-to-entrepreneurship\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"26,134 legal threats to entrepreneurship - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"As the government takes steps to improve the ease of doing business in the country, a new study has highlighted 26,134 legal perils in India’s business laws that entrepreneurs and corporations face. 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