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Old 03-21-2018, 11:37 PM   #1
jamessmith4152
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Join Date: Jun 2011
Posts: 123
Default What is business law?

Business laws are laws constituted for smooth flow of business.

If you have a business, you have to sale/ purchase which is a contract. So Indian contract act is a business law.

Like wise all the labour laws like gratuity/bonus etc acts are also business laws since labour are part of business.

If you are a company, you shall do business under companies act

Income Tax Act and all other acts which are connected with business comes under business law.

Thanks

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