• Government to exempt startups from regulatory filings for 10 years

    Extenal Authour    |   

    Blog by business law chamber

    Original Article Source Credits: Entrackr , https://entrackr.com

    Article Written By: Jitendra Singh

    Original Article Posted on : November 5, 2019

    Link to Original Article:  https://entrackr.com/2019/11/government-to-exempt-startups-from-regulatory-filings-for-10-years/

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  • Disqualification Of Directors Under Section 164(2) Of The Companies Act: Delhi HC Interprets The Law [Read Judgment]

    Extenal Authour    |   

    Blog by business law chamber

    Original Article Source Credits: Live Law ,https://www.livelaw.in

    Article Written By:  KARAN TRIPATHI

    Original Article Posted on :5 Nov 2019

    Link to Original Article: https://www.livelaw.in/news-updates/disqualification-of-directors-under-section-1642-of-the-companies-act-delhi-hc-interprets-the-law-read-judgment-149491

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  • NOM-SYSTEMATICALLY IMPORTANT NON-DEPOSIT TAKING NBFC

    Garva Dhyani    |   

    Blog by business law chamber

    INTRODUCTION

    Non-Banking Financial Companies (“NBFC”) are broadly categorised under the following three categories. These three categories are taken together to frame policies and framework that govern the operations and future of the respective NBFC.

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  • Cloud Kitchen

    Gaurav Shanker And Nishtha Agarwal    |   

    Blog by business law chamber

    Cloud kitchens, aka ghost or virtual kitchens, are the recent addition to the rapidly growing Food and Beverage Industry. Based on the model of no dine-in and take-away services, the concept of cloud kitchens has gained enormous popularity and success in recent years with an astonishing projected market size of USD 1.05 billion by 2023. These estimates are also supported by food delivery industry’s growth rate of 150% in recent years. Unlike the traditional restaurants having a brick and mortar shop set-up, cloud kitchens function on internet-based delivery system by bringing the brand to the customers instead of the customers coming to the brand.

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  • WHAT CONSTITUTES A NON-BANKING FINANCIAL COMPANY ?

    Garva Dhyani    |   

    Blog by business law chamber

    A Non-Banking Financial Company (“NBFC”) is a company registered under the Companies Act and engaged in the business of loans and advances, acquisition of shares/bonds/securities, leasing, insurance business, etc. Typically NBFCs do not accept public deposits, however, upon procuring approval from Reserve Bank of India (“RBI”), they may accept public deposits.

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  • Legal issues when starting a business

    Anshika Agarwal    |   

    Blog by business law chamber

    In essence, starting a new venture (start-up) can be both exhilarating and thrilling. But it can also be cumbersome since various obstacles originates while starting a company from basics. Such hurdles may be statutory such as incorporation of a company or may relate to other aspects of business such as procuring financing.

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  • INDIA’S GIFT TO COAL MINING, CONTRACT MANUFACTURING, DIGITAL MEDIA AND SINGLE BRAND RETAIL TRADING

    Garva Dhyani    |   

    Blog by business law chamber

    The Cabinet Ministry has announced series of reforms through press release dated 28th August 2019, towards development of commerce and industry in India and as cabinet minister Piyush Goyal said, with an aim to “liberalise and simply the FDI policy to provide ease of doing business in the country, leading to larger FDI inflows and thereby contributing to the growth of investment, income and employment”.

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  • ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS

    Gaurav Shanker And Nishtha Agarwal    |   

    Blog by business law chamber

    In order to make the provisions of companies law more conducive for innovative technology companies and start-ups, the Ministry of Corporate Affairs (MCA) vide Notification dated 16th August, 2019 modified the rules under Companies (Share Capital and Debentures) Rules, 2014, through Companies (Share Capital and Debentures) Amendment Rules, 2019, pertaining to issue of equity shares with differential voting rights (DVRs). This move was initiated to enhance the control of promoters over the management of the company, provide flexibility on internal structuring of share capital of the company and to remove the cumbersome requirement of maintaining distributable profits consistently for three years. 

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  • LEGAL ISSUES IN THE UNCAPITALIZED INDUSTRY FOR ADULT TOYS IN INDIA

    Gaurav Shanker And Nishtha Agarwal    |   

    Blog by business law chamber

    INTRODUCTION

    The sexual wellness industry or the adult products industry is a multi-dollar industry worldwide, however, its market in India is barely touched and not fully utilised. The moral, cultural and legal connotations attached to such products create hindrance to market them in India. E-commerce platform offer privacy, discreetness, convenience, home delivery options, affordable pricing etc. which make them suitable for dealing in such lifestyle products. In recent years, very few start-ups have been able to launch online stores dealing in sexual wellness and lifestyle products such as condoms, lubricants, gels, products meant to promote sexual pleasures such as adult toys, role play costumes, board games etc

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  • Angel Tax - Not Applicable On Recognised Start-ups

    Garva Dhyani    |   

    Blog by business law chamber

    The valuations to be determined by the companies, especially the start-ups, is a challenge in itself. Such valuations determined by the company to raise capital could have the share price that is above, equal to or below the Fair Market Value (“FMV”).

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  • Non-Executive Director’s Pay

    Garva Dhyani    |   

    Blog by business law chamber

    A company’s activities and direction are headed and managed by its directors. These directors are directly responsible for the growth of the company and better management, including formulating long-term plans and managing day-to-day activities. The Companies Act, 2013 (“Act”) recognises various classes/categories of directors, however, such classes can be classified under two broad categories, i.e., ‘executive director’ and ‘non-executive director’.

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  • Active Companies Tagging Identities & Verification

    Anshika Agarwal    |   

    Blog by business law chamber

    The Central Government in exercise of its powers has amended the Companies (Incorporation) Rules, 2014 and on 21st February 2019 introduced the Companies (Incorporation) Amendment Rules 2019 (Amended Rules) that came into force with effect from 25th February 2019. The Amended Rules have been initiated to identify those companies that are registered under the Companies Act but are not performing any business activities. The Amended Rules has inserted a new rule “Active Company Tagging Identities & Verification (ACTIVE)” to the Companies (Incorporation) Rules, 2014, directing every company incorporated on or before 31st December 2017 to file e-form “INC-22A” with zero fees on or before 25th April 2019.

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  • Common Legal Problems Businesses Face And How To Solve Them

    Gaurav Shanker    |   

    Blog by business law chamber

    When running a business in another country, it is vital to understand how their legal system works to avoid trouble with the law. However, as India is a developing country, change is rampant. As a result, keeping track of the latest rules and regulations can become a challenge.

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  • Laws On Guarantee: An Overview

    Garva Dhyani    |   

    INTRODUCTION

    Guarantee is an undertaking to answer for another’s liability. It is a promise to make payment of certain debt or performance of certain duty, when the principal debtor fails to make payment or perform the duty, as the case maybe. In other words, it is a collateral undertaking to pay the debt of another in case he does not pay it.

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  • Interim Budget - 2019

    Gaurav Shanker    |   

    Union Budget is the most comprehensive report of the government's finances in which revenues from all sources and outlays for all activities are consolidated. The interim budget was presented on February 1, 2019, by the Government of India in the Parliament. While, you would have read a number of articles on the tax implication of this interim budget, we would wish to highlight certain important proposed amendment and the implication that will have on corporate acquisitions, employment in India, micro, small and medium enterprises and entertainment industry going forward.

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  • Free Introductory Meeting With The Business Law Chamber

    Gaurav Shanker    |   

    Blog by business law chamber

    As corporate lawyers in India for international or multinational companies, Business Law Chamber strives to provide top-notch services to clients. As part of these efforts, we have introduced a special offer during which we will not charge you for our first meeting.

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  • A Glossary Of Essential Corporate Legal Terms

    Gaurav Shanker    |   

    Blog by business law chamber

    Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and corporate law is no exception. To help you understand the terms, acronyms, and phrases regularly used when dealing with corporate law, Business Law Chamber has created this handy reference guide. Here you’ll find valuable information allowing you to comprehend the various terms used and help you communicate with your lawyers and business partners more effectively.

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  • A Resource Guide To Corporate Law In India

    Gaurav Shanker    |   

    Blog by business law chamber

    As corporate lawyers in India for international or multinational companies specifically those operating from the USA, Australia, Canada, and the UK, it’s essential for us to keep updated on the latest legal trends and commercial developments in India.

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  • Stay In Touch With Business Law Chamber!

    Gaurav Shanker    |   

    Blog by business law chamber

    Our email newsletter is a one-stop resource for relevant news and content about Business Law Chamber, corporate law, and business law.

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  • OVERSEAS DIRECT INVESTMENT

    Gaurav Shanker And Anshika Agarwal    |   

    The Foreign Exchange Management Act (FEMA) regulates overseas investments by Indian resident individuals.

    A resident individual (single or in association with another resident individual or with an ‘Indian Party’) may make Overseas Direct Investment (ODI) in the equity shares and compulsorily convertible preference shares of a Joint Venture (JV) or Wholly Owned Subsidiary (WOS) outside India under the Liberalized Remittance Scheme (LRS).

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