Identify and comply with sector-specific laws and regulations relevant to the organization's industry, such as the Securities and Exchange Board of India (SEBI) regulations for listed companies or sector-specific laws for banking, insurance, or pharmaceutical industries.
Establish processes for obtaining necessary licenses, permits, and approvals required for business operations, ensuring compliance with applicable laws, such as the Foreign Exchange Management Act (FEMA) or the Goods and Services Tax (GST) Act.