Business Regulatory Requirement

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An entrepreneur must keep in mind the various regulatory requirements which must be followed while setting up a business. Public and private companies must adhere to all the regulations given under the Companies Act 1956.

The Act lays down provisions relating to:

• Formation of a company
• Powers of directors and managers
• Responsibilities of directors and managers
• Raising of capital
• Holding company meetings
• Maintenance and audit of company accounts
• Powers of inspection and investigation of company affairs
• Reconstruction and amalgamation of a company
• Winding up of a company

Company Formation in India