Navigating Forex Trading Laws in India: What Should Small Companies Know?

Hi Everyone!

My friend is working in an organization with around 15-40 people in India (the parent company is in Japan), not including contract labor. What laws are applicable to this forex trading concern? I am looking forward to all your replies.

Thank you all in anticipation.

Regards,
Shyamali

Hi,

You have to look at the following important ones:

Shops and Commercial Establishment Act
Minimum Wages Act
Payment of Wages Act
Provident Fund Act
Employees' State Insurance Act
Maternity Benefit Act
Employment Exchange Act
Contract Labour Act
Equal Remuneration Act
Workmen's Compensation Act
Professional Tax
Payment of Bonus Act

HRG-Rajaram

FOREX Trading.

A lot of laws related to taxes are also prevalent. These are much stricter and more penalizing than labor laws. It is better to refer to a professional and experienced Chartered Accountant, or you could be in deep trouble. No jokes.