The Policy Maze of India’s Early Software Years

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:
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
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