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Do not be led by expedient solutions! Follow all provisions of the Factories Act, Industries Regulation Act, Labour Act and others applying to your business. |
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Have a good liaison agent and outsource all government related issues - it can save you time and unnecessary problems |
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Follow accounting and management practices as per the Companies Act, and appoint an Auditor and a Chartered Secretary to take care of essential statutory compliance needs. |
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Deal with each circumstance on its own terms: generalization is difficult in India, and it is important to assess specific issues and find specific solutions for each case. |
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Social customs differ among states, and local adaptation is required in business policies and practices |
ICREON