We will take a look at how businesses are categorised, how the workforce is construed from a legal perspective and key labour legislations that are extended to startups in India.
Startups like any other business should comply with the laws of the land. Compliance is critical for a company’s performance and helps in the creation of a positive brand image. Failure to comply with these laws and regulations carries legal consequences such as fines and, in extreme cases, closing down of business.
India has a rigorous labour law compliance regime under existing labour laws. Hence, the Indian government has consolidated twenty-nine labour legislations into four Labour Codes (yet to be brought into effect) and has taken measures to simplify the filing of returns with the regulatory authorities under labour laws.
We will take a look at how businesses are categorised, how the workforce is construed from a legal perspective and key labour legislations that are extended to startups in India.
The extant labour laws broadly categorize industries into factories or manufacturing units and commercial establishments. The health, safety and working conditions of workers in certain factories are regulated by the Factories Act, 1948 and the conditions of work and employment in non-manufacturing units are generally regulated by the State-specific Shops and Establishments Acts (“S & E Acts”).
The workforce in India can be broadly...
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