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MOHIT PANDE

Ease of Doing Business in India?

Doing business in India is challenging due to the presence of imprisonment clauses in its business laws enacted since Independence.
2 out of 5 compliances can send an entrepreneur to jail – states Team Lease Reg Tech and ORF Report
These clauses have been enacted by Union and state governments. Five states have more than 1,000 imprisonment clauses in their business laws: Gujarat (1,469), Punjab (1,273), Maharashtra (1,210), Karnataka (1,175), and Tamil Nadu (1,043). Excessive compliances are especially burdensome on MSMEs; a typical MSME, having more than 150 employees, faces 500-900 compliances that cost Rs. 12-18 lakhs in a single year.
We request Local Circles to take up this issue with Government to improve ease of doing business in India.

(Source: Taxguru) more  

Viewed by 1260
View all 15 comments Below 15 comments
H.P. Gurg
But see in today's environment, how many businessman are honest? Many a businessman are involved in many illegal activity. ICT is biggest issue. Bogus Invoices are another issue. more  
Rohini Bhat
Reduce harsh regulations and you will see less corruption and business will thrive. The countries that have less socialist regulations have better business climate and it thrives. more  
Anil Chandhok
Legal Metrology, FSSAI acts have severe imprisonment clauses. These don't deter the rogues but the MSME businessmen shudder even if there is a small mistake. Such penal clauses should be done away with if we want business to flourish. more  
K C Rana
For food/medicine adulteration imprisonment should be retained as the life of consumer is at stake.
Conviction be done within 3 months max. more  
Csn Sarma (socialworker)
Inspectors, Police are not taking actions more  
Tapas Chatterjee
helpful On Sun, 13 Feb 2022 12:22:50 +0530 MOHIT PANDE wrote > more  
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