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Legal System of any country requires that business shall operate within the frame work of its legal system. To achieve these objectives various laws requires following the specific registrations and procedures. In the context of India, Legal powers are shared by Central and State Governments. There are host of laws; Corporate Laws, Taxation laws, Commercial Laws, Employment Laws, Environmental Laws, Industries Laws, Local Laws, Foreign Trade Laws, Foreign Exchange Laws, requiring specific registration, license, enrolment to enable the corporation to carry on its business. Failure to obtain applicable registration, license, and enrolment not only attracts heavy penalties but also results in to legal infirmities.

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