I was having a discussion with my CA recently about the procedures for starting a software company and he told me an interesting law point that existed.

If my company is doing outsourced software work, according to the law I am doing export business. I must get an export license for doing such stuff.

Some companies were prohibited from operating because they didnt have a warehouse to store the export item (software), and our export laws wanted it that every export company need a warehouse.

Some companies created empty warehouses just to bypass the law.

Its only recently that the law was relaxed.

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