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Regulatory Law
It is the law which defines how business operates in specific situations.
This includes Environmental Law made by either Federal Government or the State Government.
Labor Laws
labor Law is the law which defines the way how companies treat to their employees.
Such as the minimum wage rate, Duty Hours,Gratuity & Pension Policies.
Tax Laws
this type of law defines the criteria how entities report their financial status to the government.
such as the reporting of income and expenses to the government. These laws generally follow the accounting standards and IFRSs, but in few area such as depreciation they don't follow accounting policies.
Reporting Laws
This category of law defines how entities report their financial status to the investors and the government. these laws defines the standards which entities must have to follow for the transparency purpose.
