MCA Update – Producer Companies (General Reserve) Rules, 2003

By Team Lawgical Startup

MCA has notified the Producer Companies (General Reserve) Rules, 2003. These rules shall apply to a Producer Company as referred in clause (l) of section 378A. These rules shall come into force from February 11, 2020. Highlights: Change of place of registered office from one State to another. – The Rules 27 (Notice and Verification…

Budget 2021 – Key Highlights

By Team Lawgical Startup

While, Union Budget 2021 is mainly focusing on bringing the economy back to shape after the pandemic, it also covers several proposals including exemption to senior citizens from filing income tax returns, new rules for removal of double taxation for NRIs, reduction in the time period for reopening of tax assessments, extension of tax holiday   …

Joint Venture – Types, Salient Features and Challenges

By Team Lawgical Startup

Meaning of Joint Venture Joint Venture is a contractual relationship between two or more parties agreed to acquire their resources for the successful completion of a specific tasks. All the concerned parties are responsible for profit and loss of the venture also the cost related to it. Like as other business entity it is also…

Six Most Important Agreements for your Start-up!

By Team Lawgical Startup

Co – Founders Agreement | Operating Agreement | Intellectual Property (IP) Assignment Agreement | Non – Disclosure Agreement | Investment Agreement | Employment Agreement As a start-up founder, you have many responsibilities along with a long-term vision to be accomplished. Start-ups should ensure that they don’t end up in legal soup by missing out an…

Our association with E-Cell of IIT Bombay

By Team Lawgical Startup

We are excited to share with you that we have come together with the Entrepreneurship Cell of IIT – Bombay (E-Cell IIT – Bombay) with a shared vision of promoting the Startup Eco-system and enable the Youth to take up challenges and establish impactful organisations. We at Lawgical Startup, focus on assisting early stage startups…

Extension of CFSS, LLP Settlement and various other schemes by Ministry of Corporate Affairs

By Team Lawgical Startup

The Ministry of Corporate Affairs introduced several schemes namely Companies Fresh Start Scheme, 2020 (CFSS), LLP settlement Scheme 2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 and Clarification on holding of annual general meeting (AGM) through video conferencing (VC) or other audio…