A limited liability partnership (LLP) is governed by a legislation known as the Limited Liability Partnership Act, 2008 and rules made thereunder. It is a form of partnership between two or more persons in which all partners concerned have limited liability to the extent
A memorandum of understanding (MOU) is a formal, usually non-binding document between two or more parties who use it to execute definitive agreements. Put simply, MoUs outline terms of a proposed partnership or transaction. This is the reason why MOUs,
An non-compete agreement under which an employee agrees that he will serve a particular employer for certain duration, and that he will not serve anybody else during that period, is a valid agreement. During the period of employment, the employer has an exclusive right to
A dispute between two siblings, like we witnessed within the Reliance Group, can trigger a dispute within a family. The two brothers in this case were fighting over the ownership of the company, who owns what part and how much. Without going into the merits of the case we
Employment Agreement with Directors – Its Meaning
Hiring and appointing directors in India is governed by the Indian Companies Act, 2013 and charter documents of the company such as the articles of association. While the said legislation defines the different types of directors, such as executive, independent
In simple language a transaction document is one which set-outs details of a proposed transaction, in our context an investment transaction such as purchase of equity or preference shares or subscribing to debentures of a company, whether convertible or
Sexual harassment at work place is governed by a legislation known as Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. According to the said legislation organizations must show committed to providing a work environment
Website agreements, also referred to as electronic contracts are displayed on a webpage. They are governed by the Indian Contract Act, 1872 and the Information Technology Act, 2000. Like all other contracts, e-contracts are valid and binding agreements if they
DIRECTORS LIABILITY
The ubiquitous issue of corruption and the high risk of internal fraud raise serious concerns about the liability of corporate directors. American litigators who represent Indian companies or advice clients interested in becoming corporate officers in India would do
CONVERTIBLE NOTE IN INDIA
Simply put, a convertible note (debentures) is debt that converts into equity at the time of a future financing. In other words, convertible note (debenture) investors are lending you money with the understanding that when you raise a Series A (typically the next step