ELI5: Explain Like I'm 5

Company rule in India

Ok kiddo, so a company is like a big group of people who work together to make money by selling products or services. In India, each company has to follow some rules and laws that the government has made to make sure they don't cheat people or do anything bad.

For example, the company has to register with the government and get a certificate saying they are allowed to do business. They also have to pay taxes to the government on the money they make.

There are rules about how much the company can pay their workers and how many hours they can make them work in a day. The company also has to make sure their workers are safe and healthy while they work.

If the company breaks any of the rules, they can get in trouble and may have to pay a fine or go to jail. So, it's important for companies to follow the rules and be good citizens in India.