The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done with precision and expertise. The Company cannot carry on any activity which is not a part of its object clause. Such activities are called Ultra Virus (beyond powers)…
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…
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…
Intellectual Property Rights “IPR” are the most important part of the modern business. Intellectual property which is a combination of copyright, trademark, design, geographical indication, patent, industrial design, integrated circuit, is valuable assets of any company. IP can create healthy competition in the market; consequently, the manufacturer and traders can develop their products more effectively.…
Prime Minister Narendra Modi announced Startup India Campaign on 15th August 2015 with a view to improve the ‘Ease of Doing Business’ in the country and create an ecosystem that is conducive for the growth of start-ups. What do you need to start a business? Only three simple things: Know your product better than anyone,…
There are many business models such as proprietorship or LLP or Company, the decision depends on many economic and legal factors. Among all others, Private Limited Company is the most popular form of business, but there are various compliances which are required to be followed, once your company is incorporated like reporting of financial results,…