Women empowerment in India has seen significant progress in the last decade, evident from the substantial number of female workers and entrepreneurs coming up in the business atmosphere of India.
Studies conducted in 2018 showed there are more than 8 million female businesses across the nation, providing employment opportunities to a large number of India’s workers.
The Government of India promotes female entrepreneurship by offering them several benefits in the form of grants, subsidies, training, and other types of aids.
However, that does not exempt them from the elaborate guidelines implemented by the authorities regarding the workings of an organisation.
Women entrepreneurs have to abide by every regulation required to start a successful business, from presenting a formal business structure and founders agreement to obtaining all the necessary licenses required for operating the business.
One should also understand taxation and accounting laws thoroughly, and obtain their TAN number right after registering their organisation with the Government of India.
Other than that, they have to follow the labour laws, contract management, securities, and employment laws, and regulations regarding information technology.