Without NASSCOM’s timely interventions, Indian IT would most likely have been leashed with red-tape, while regulatory overzealousness would have rendered it incapable of being the multi-billion-dollar industry it is today. The following is an effort to demystify the laws, regulations and policies that were stifling the IT Industry before NASSCOM intervened.
Explore them below:
Explore them below:
| Sr. No. | Restrictive law, regulation, policy or scheme |
|---|---|
| 1. | Companies Act, 1956 |
| 2. | Copyright Act, 1957 |
| 3. | Customs Act, 1962 and regulations & restrictions thereunder |
| 4. | Foreign Exchange Regulation Act, 1973 |
| 5. | Income Tax Act, 1961 |
| 6. | Indian Telegraph Act, 1885 |
| 7. | Industrial Policy Resolution, 1948 |
| 8. | Industrial Policy Resolution, 1956 |
| 9. | Industries (Development & Regulation) Act, 1951 |
| 10. | Minicomputer Policy of 1978 |
| 11. | Monopolies & Restrictive Trade Practices Act, 1969 |
| 12. | Shops & Establishments Act (Statewise) |
| 13. | Wealth Tax Act, 1957 |
