Bengaluru, May 2 -- Indian companies are grappled with an enormous compliance load of 69,233 compliances mandated across 1,536 laws and associated rules, according to a new research paper by TeamLease RegTech.
The regulatory compliance management firm's study revealed the staggering number of compliances that businesses in India must adhere to, stemming from 1,536 different Acts and rules.
However, the precise number of applicable compliances varies for each company based on factors such as the nature of its business, geographical presence, and employee headcount.
A major portion of the compliance burden relates to labour regulations. Labour accounts for 30.1 per cent of applicable laws, 47 per cent of compliances, 46 per cent of fili...