About Indian Laws & Applicable Law in India

Law , Courts And The Constitution 
Indian laws are amongst the oldest and largest legal systems in the world.  The constitution binds India and its citizens for commitment towards law . The republic of India has a fedral system  with Parliamentary form of Union & State Government . It has an independent judiciary .
Sources Of Law
The  Constitution of India is the source of law .Statutes are enacted by Parliament, State Legislatures and Union Territory Legislatures.
There are also different boy of laws
i) subordinate legislation in the form of rules,
ii) regulations as well as by-laws enacted  by Central and State Governments
iii) local authorities & bodies like Municipal Corporations, Municipalities, Gram Panchayats and other local bodies. These bodies perform  under the authority conferred or delegated either by Parliament or State or Union Territory Legislature concerned.
The decisions of the Supreme Court of India are binding on all subordinate High Courts & other Courts of law within the territory of India.
Contract law
The business in India is bound by agreements executed under  Indian Contract Act,1872 which came into effect on 1 September 1872.
It binds the parties for their commitment under an agreement . Any implementation of rights created under an agreement cn be enforced by law of India . Further , any breach of the terms and conditions are subject to initiation of proceedings under the law of India .
The remedy either lies with civil courts and/or if there is an arbitration clause in an agreement , then it will be governed by provisions under Arbitration & Conciliation Act ,1996 of India .


Tax law

Taxes in India is levied by differnet Governements and regulated vy various bodies concerned by direct and indirect taxes.Direct tax is levied in terms of  the Income Tax Act 1961. Whereas, customs , excise ,service tax , Sales Tax /VAT etc  are indirect taxes . Goods & Service Tax (GST) is to be replace all indirect taxes in India .

The authority to levy a tax and collection of tax alongwith its distribution amongst state and union Governement is enumerated in the Constitution fo India .

There are various quasi judicial bodies , appellate bodies, Tribunals , High Courts & then Supreme Court to address the tax implication and dispute arising out of the same .
Law enforcement
Law enforcement in India is undertaken by numerous law enforcement agencies. The police force are vested with various  the respective states and territories of India.
Law and order is implemented by Police forces and Adminsitrative authorities . Indian Adminsitrative Servies(IAS ) , Indian Police Services (IPS) , Indian Revenue Services , Indian Foreign Services, Indian Forest Sevices etc are the civil services  which ultimately adminsiter the functioning of the law . They are accountable under the law of the land and they are bound to follow the directions and order of judiciary for enforcement of law .
To know more about laws in India  and how Indian Laws are applicable beside functions of law firms in India , connect with our law firm based in India, Ahmedabad on info@amlegals.com 
AMLEGALS – A Full Service Law Firm

© 2020-21 AMLEGALS Law Firm in Ahmedabad, Mumbai, Kolkata, New Delhi, Bengaluru for IBC, GST, Arbitration, Contract, Due Diligence, Corporate Laws, IPR, White Collar Crime, Litigation & Startup Advisory, Legal Advisory.


Disclaimer & Confirmation As per the rules of the Bar Council of India, law firms are not permitted to solicit work and advertise. By clicking on the “I AGREE” button below, user acknowledges the following:
    • there has been no advertisements, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
    • user wishes to gain more information about AMLEGALS and its attorneys for his/her own information and use;
  • the information about us is provided to the user on his/her specific request and any information obtained or materials downloaded from this website is completely at their own volition and any transmission, receipt or use of this site does not create any lawyer-client relationship; and that
  • We are not responsible for any reliance that a user places on such information and shall not be liable for any loss or damage caused due to any inaccuracy in or exclusion of any information, or its interpretation thereof.
However, the user is advised to confirm the veracity of the same from independent and expert sources.