Start-Ups

Understanding the LLP Significant Beneficial Owners Rules 2023

Understanding the LLP Significant Beneficial Owners Rules 2023

Safeguarding Investments: Navigating Restriction on the Transfer of Promoters Shares The Ministry of Corporate Affairs on November 9, 2023, has notified the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 (“SBO Rules”). These SBO Rules now obligate LLP’s to ascertain whether an individual qualifies as an SBO. Up until now, only companies were subjected to …

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Investigations in Public Interests and Into Ownership Under Companies Act: An Overview

Investigations in Public Interests and Ownership Under Companies Act

Background Recently, the Ministry of Corporate Affairs (“MCA”) launched an investigation into the affairs of Hero MotoCorp Limited under Section 210(1)(c) read with Section 216 of the Companies Act, 2013 (“2013 Act”). This development makes it germane to understand what these powers entail and the consequences thereof. Necessary In Public Interest Section 210(1)(c) of the …

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Governing The Startups: Towards A More Sustainable Growth

Governing The Startups: Towards A More Sustainable Growth

The Current Picture India has the third largest startup-ecosystem in the world with more than 100 unicorns till 2023. The funding environment for early stage Startups, especially seed and Series A investment continues to be vibrant in India, despite there being a decline in funding for growth-stage and late-stage Startups primarily due to the global …

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Preventing Fraud in the Indian Startup Ecosystem

Preventing Fraud in the Indian Startup Ecosystem

How The Indian Startup Ecosystem Can Take Proactive Steps To Prevent Syphoning & Fraud? In recent years the Indian startup ecosystem has seen tremendous growth. Several companies have emerged as unicorns and industry leaders, backed by both Indian and international venture capital and private equity firms.  However, the ‘Blitzsclaling’ (termed by LinkedIn cofounder Reid Hofman) …

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unraveling the flipping phenomenon among indian startups

Unraveling The ‘flipping’ Phenomenon Among Indian Startups

Introduction  In the evolving landscape of Indian entrepreneurship, the phenomenon of Indian startups ‘flipping’ into foreign jurisdictions has emerged as a strategic maneuver, capturing the attention of founders, investors and industry observers. This trend, marked by the relocation of startup headquarters to international destinations such as US and Singapore, brings forth a myriad of implications …

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Navigating Offer Letters and Employment Agreements for Startups

Employment Agreements – the need for Start-ups

Any startup be it fintech, cleantech, mobile, software, hardware, IT, food, health, etc. will need to invest time and effort into drafting and executing multiple legal documents with their employees such as Non-Disclosure Agreements, Offer letter, Employment Agreement, etc. A well drafted document will capture the existing understanding between the parties and will help in mitigating …

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Legal Foundations for Startups

Top 11 Legal Checklist for Startups in India

Coming up with an idea for a start-up and securing sufficient funds to get their business off the ground is only half the battle won for entrepreneurs. Entrepreneurs still have a long road ahead of them before their business is truly up and running. Entrepreneurs must consider the legal upshot and unless they secure their start-up with solid legal support, they are sure …

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Understanding the Critical Role of Lawyers for Your Startup

A Lawyers Role In Development of Your Startup

When entrepreneurs get their business off the ground, their primary focus is on the product or service they are selling, the supply chain and other related technicalities. While entrepreneurs need to prioritize this, they must be prudent and not overlook the legal implications of their business strategy. As an entrepreneur, having trusted legal advisors is …

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How Can Startups Save Money On Legal Services

How Can Startups Save Money on Legal Services?

Start-ups have to keenly oversee all aspects of their operations, including the quality of their products or services, the supply chain, market, and the economy. Importantly, entrepreneurs have to use this information to deploy the investment in their company wisely and in a manner that yields profits. Making wise decisions entails enlisting the services of …

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A Guide for Startups on Choosing the Right Legal Partner

Legal Basics Investor Should Know When Engaging a Startup Lawyer

When a start-up is launched, it is not just the business that the entrepreneurs need to look after, but also the legal aspect of running it. Unless all the legal ducks are lined-up neatly in a row, your business could flounder. Hence, entrepreneurs need to hire a lawyer for their start-ups so that they can proceed with …

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