Legal Provisions Dealing with Entrepreneurship in India

In Indian economy the business history was the output of many efforts made by the different sects of the people and today the economy has gained Worldwide recognition. This was made possible by various efforts of independent entrepreneurs and government by way of providing assistance and facilities through practice of initiating programmes, schemes and also legislative provisions. In this research paper, main focus is put on such legal provisions that facilitate the setting up of an enterprise and then for their working and also the role of government in promoting such practice and implementing certain other steps from time to time. The concept of Entrepreneurship is based on various characteristics such as vision, ability, skill, innovative ideas which makes one able and capacitated to start a business entity. This paper imputes to the laws and other legal methodologies that helps in the establishment of entrepreneurship in India.