Business Regulatory Framework in India in the Context of Cooperative Legislations

Like all other economies of the world, it is also recognized in India that business plays an important role in economic growth and development of the country. Government plays an important role in developing and maintaining an environment conductive for enhancing productivity and competitiveness of business enterprises. The role of government is thus, multi-pronged-as articulator, enabler, facilitator, regulator, gap filler and buffer. For assuming such role government is required to develop policy frameworks, pass legislations, enact rules and monitor complaints with these. The scope of business regulations is vast. It covers all the legislations, by-laws, rules, policies, procedures. Talking about business as a whole, there is much difficulty in tracing the status of all business regulations in the light of various amendments made in the original regulations. Therefore this study focused on business regulatory frame work in India in the context of co-operative legislations.