KEY MATTERS >>
Restricted Sectors( FDI disallowed)
< Gambling and Betting < Lottery Business < Atomic Energy
< Retail Trading( except single branded product retailing)
< Agriculture
Sectoral Caps on FDI in certain industries < Defence Production( 26 %)( illustrative list) < Insurance( 26 %)
In case of a LTD company, where paid up capital exceeds INR 50 million( USD 1,104,100 approx)
In case paid up capital exceeds INR 50 million( USD 1,104,100 approx)
Environment Protection Act Restrictions on hours worked by employees
Number of Indian employees which triggers employer 10 obligation to provide employees state insurance( manufacturing units)
Number of Indian employees which triggers employer 20 obligation under provident fund scheme, bonus act
Minimum bonus to be paid to an employee drawing INR 10,000 or less
On retrenchment / lay off / closure
< Telecommunication( 49 %)
< Print Media( 26 %) i. e. publishing of newspapers and magazines dealing with news and current affairs
< Civil Aviation- Domestic Airlines Sector( 49 %)
< Single brand trading( 51 %)
Appointment of a Managing Director mandatory
Company Secretary involvement
Local state laws applicable 48 hours per week maximum
8.33 % of basic wage
Compensation is provided to employee