Secretarial Audit of Startups and other Companies

Every healthy and financially sound start-up has one basic attribute i.e. sound system of corporate governance. Considering the importance of managing legal compliances for a start-up, there are various rules and regulations prescribed for certain start-up business organizations that should be recognized and timely followed to reduce the risk of occurrences such as fraud, mismanagement,...

Roles & Responsibilities of a Statutory Auditor

Overview Running a start-up is not easy anyway. Apart from the focus on key business development activities, it also demands constant investment in terms of time & effort for managing all the applicable statutory compliance and regulations. Start-ups in India are subject to various compliances under several laws & regulations. These include the periodic filing...

All About Annual LLP Compliances

Overview Starting a business and running it for the long term are two completely different things. It would be an interesting fact to know that most start-ups fail within five years of initiation of their business operations. But, what goes wrong? There could be many reasons such as failure to establish a unique product, disputes...

Termination vs Resignation of an Employee

Overview In recent days, many start-ups have been grabbing headlines concerning lay-offs of the employees and surprisingly, this is not just about India. Loans mortgage USA-based start-up, Better.com, Nestle, Unilever, Renault, etc. Further, unicorn start-ups like Meesho, Zomato, Unacademy, Furlenco, OkCredit, Trell, etc. have laid- off more than 1700 start-up employees within the first quarter...

What Startups must know while signing Rentals & Lease agreement in India

Renting or leasing of property (either for residential or commercial purposes) is a common phenomenon these days. And if we look at it closely, there are various benefits associated with renting or leasing a property rather than purchasing the same. Firstly, renting a property doesn’t overburden a person with multiple expenses like EMI payments, house...

Significance of a Non-Disclosure Agreement (NDA) with employees and vendors

Often, most business entities fear the protection of their confidential business information including trade secrets or business strategies that make it unique and competitive. Whether it is the financial information of the company or any potential intellectual property in its early developmental stages, there is an immense requirement to have adequate mechanisms in place to...

Essential Agreements for hiring employees in a Startups

In the words of Richard Branson “It is not clients who come first, but the employees of your business. If you as an employer take care of the needs of your employees, they will take care of your business clients in return”. Undoubtedly, Employees are the most important part of an organization who work hard...

Components of Founder’s Agreement for startups in India

Overview Starting a business of your own could be a beginning of an exciting journey for an entrepreneur, especially when he has been planning to launch a business of his own for a long time. Most of the co-founders make mistakes of ignoring things regarding the distribution of their mutual roles and responsibilities which later...

Components of Shareholder’s Agreement for startups in India

 Overview A shareholder is a person who offers capital for the growth & development of the business in exchange for the ownership of the company and return gets a certain percentage of the total shares of the company. In a true sense, they play a significant role in ensuring the growth & prosperity of the...

Components of Share purchase Agreement for startups in India

  Overview A share represents a unit of ownership in the company and unless restricted under the Articles of Association of a company, they are freely transferable under the provisions of the Companies Act 2013. Therefore, in cases where a shareholder sells his shares to another body corporate or any individual, another person also acquires...