Shareholders’ agreements can be daunting, filled with legal jargon that can be confusing for founders. However, understanding the key terms is crucial for navigating transactions and protecting your interests. I...
Category - General Legal
Are you the Authorised Signatory of your company? What if the cheque you signed bounces? Have you ever wondered if you will be held liable or not? The Bombay High Court came to the rescue of authorised signatories in a case...
Introduction: Drawing of a cheque constitutes a commitment to honour the cheque. The very foundation of the banking system rests upon the assurance that this commitment shall be fulfilled. Thus, the failure to do so violates...
What is a Maternity Benefit policy? Article 42 of Directive Principles of State Policy states that, “the State shall make provisions for securing just and humane conditions of work and for maternity...
Decentralized Autonomous Organisation (“DAOs”) are essentially group of code that automatically execute whenever a set of criteria are met. DAOs can be referred to as governing bodies that looks after the...
Marriage creates legal implications which bounds spouses with duties and bestows them with some rights. Therefore, it is suggested that they obtain a marriage certificate. Applicants can either apply online or offline for...
What is a non-compete clause? It restrains a party to the contract from providing assistance or services to direct competitors of the other party, while the agreement is in subsistence. Moreover, this restrain is extended post...
What are the types of NFBCs? Non-Banking Financial Companies (“NBFC”) have come into prominence post the pandemic and the start-up boom in the country. The reason being NBFCs provide seamless and prompt lending services...
Yet again, the Apex Court has come to citizens’ rescue. This time around by becoming the voice of thousands of cryptocurrency investors in the country. The Centre through the Budget session of 2022, imposed 30% tax on virtual...
Introduction: An employment agreement is the fundamental instrument which governs every miniscule aspect of the employer-employee relationship. It lays down the rights, duties, and expectations of the parties during the course...