If you decide to act as the employee of the company, then the manner in which you can be paid is a salary. Here you would, like any other employee, need to enter into an employment contract with the Company, and receive remuneration
Taking your product or services to the international market will expand your businesses. But visualizing an import/export operation itself can be difficult for an uninitiated person, and his job is made more difficult by the various commercial jargons and legal procedures that international trade has. In this present article we shall deal with a small part of import and export, called Importer Exporter Code.
Karnataka Shops & Commercial Establishments Act, 1962 (here onwards to be referred as, the Act) is an act that provides for the regulation of conditions of work and employment in shops and commercial establishments.
Sec 2(1)(zzk) of the Companies Bill, 2009 brought in the concept of a “One Person Company [OPC]”. It is essentially a legal entity which functions on the same principle as a Company, but with only one member and one shareholder. It was an alternative for Indians, who typically operate using the risky concept of a proprietorship.
This remained dormant till this year, and yesterday, the Parliament of India legislated approving the idea. The Companies Act, 2012 passed by the Lok Sabha provides for the concept of an OPC.
Trademarks vs Copyrights Considering the complexities of the Intellectual property law, it is very common that many people confuse the terms especially with regards to Copyright and Trademarks. More often than not, when our customers apply for a trademark, they themselves aren’t sure if it is a trademark or a copyright they want/need. Therefore, the [...] Read More
As discussed earlier, a Shareholder’s Agreement or a Stockholder Agreement is a document which records the agreement reached between shareholders of a Private Limited Company. In every Shareholder’s Agreement, there are clauses regarding the rights and duties which the parties (in particular the investors [if any] and the shareholders) have vis-a-vis each other and vis-a-vis [...] Read More
For those uninitiated in the world of investment and investors, the word liquidation preference may draw a blank stare. But it is a key term for anyone wanting to start a business and eventually get funded. Liquidation preference basically is one of the benefits that comes out of “Preferred Stock” which the investor gets by [...] Read More
A promoter, although the term creates connotations of someone in the building and construction industry, is actually a generic term associated with the person who starts a business. In common parlance, this person is also referred to as the founder of the business.
In raising any round of investment, a crucial component is the “ Shareholders Agreement ”. In brief, it is a contract among stakeholders in a Company, and the Company is also usually made a Party to the Agreement. Most people believe that a Shareholder’s Agreement outlines the rules of Company law in respect of the [...] Read More
An oft bandied about word in the start-up community is “Shops and Establishments” Registration. Shops and Establishments Registration is mandatory in some cases for businesses, as long as they qualify as an “Establishment” under the Shops and Establishment Act. So if you run a business in Maharashtra, you need to look at the the Bombay Shops [...] Read More