March 2023

Registered Office of Company

Section 12 of the Companies Act, 2013 states as follows with respect to Registered Office of Company 2&6[(1) A company shall, 10[within thirty days of its incorporation] and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it.] (2) The company shall […]

How to Start a business in India

How to start a Business in India

Starting a business in India involves several steps, and it’s important to do thorough research and planning before you begin. Here are some general steps you can take: 1. Conduct market research: Research the industry you want to enter and understand the market demand, competition, and target audience. This will help you determine the viability

Act to Override Memorandum and articles etc

Section 6 of The Companies Act 2013 speaks about Act to Override Memorandum, Articles, etc as follows Save as otherwise expressly provided in this Act— (a) the provisions of this Act shall have effect notwithstanding anything to the contrary contained in the memorandum or articles of a company, or in any agreement executed by it, or in any resolution

Register of contracts or arrangements in which directors are interested.

Section 189 of Companies Act 2013 : Register of contracts or arrangements in which directors are interested (1) Every company shall keep one or more registers giving separately the particulars of all contracts or arrangements to which sub-section (2) of section 184 or section 188 applies, in such manner and containing such particulars as may

Foreign lawyers and Law Firms now permitted to practice Law in India

Foreign Lawyers And Law Firms Now Permitted To Practice Law In India

In a move that could transform the legal landscape, the Bar Council of India (BCI) has allowed foreign lawyers and law firms to practise law in India on a reciprocity basis. The BCI, which had earlier opposed the move, notified on Monday the Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms

Articles of a Company

Section 5 of the Companies Act, 2013 (1) The articles of a company shall contain the regulations for management of the company.  (2) The articles shall also contain such matters, as may be prescribed: Provided that nothing prescribed in this sub-section shall be deemed to prevent a company from including such additional matters in its

Startups raising funds from public at large held illegal

Startup Funding in India

Order for Penalty for Violation of Section 42 of the Companies Act, 2013 by ROC Delhi & Haryana IN THE MATTER OF ANBRONICA TECHNOLOGIES PRIVATE LIMITED (CIN: U32302DL2019PTC347225) The subject company had issued its Compulsorily Convertible Debentures (herein after referred as “CCDs”) using the website https://www.tykeinvest.com  (herein after referred as “Tyke”). From the website of

Valuation, funding and Startups

Venture Capital Funds and Startups There are six different startup funding sources: friends and family, angel investors, an angel investor is a wealthy person who invests his or her own money in a company—usually a start-up—that is in the early stages of development. Angel investors expect to take ownership positions in the companies they support because

Memorandum of a Company

Section 4 of the Companies Act, 2013 (1) The memorandum of a company shall state—(a) the name of the company with the last word ―Limited‖ in the case of a public limited company, or the last words ―Private Limited in the case of a private limited company: Provided that nothing in this clause shall apply

Applicability of Income Tax Act, 1961

BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :— Short title, extent and commencement. 1. (1) Income Tax Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on