Company Secretary Practice

Business Incorporation

Business Incorporation is the process of legally forming a business entity, typically a corporation or a limited liability company (LLC). It provides a distinct legal identity to the business, separating personal and business assets. This shields owners from personal…

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Compliances

Compliances refer to the loyalty to legal regulations and statutory requirements that businesses must follow to operate lawfully. Ensuring compliance is crucial as it helps companies maintain ethical practices, financial transparency, and legal integrity…

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Conversion, Closure and Transfer

Conversion, Closure, and Transfer are integral aspects of corporate governance, especially for Company Secretaries in California. Conversion refers to the change in the form or structure of a business entity, Closure involves the cessation of business operations…

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How to Launch an Online Gaming Business in India?

So you want to tap into India’s booming online gaming industry, huh? Smart thinking. India’s online ...

Startup Registration: Navigating the Entrepreneurial Landscape

Startup registration involves obtaining licenses and registrations, navigating the entrepreneurial landscape. Complying with regulatory frameworks ensures legal credibility, unlocking opportunities for growth, innovation, and steady business development.

How to Register a Company?

Registering a company in India is now simpler and more accessible than ever. Legalfin Advisors has streamlined the process for a seamless experience, whether you're registering a private limited company or another business structure. Gain insights into the registration procedure with these essential steps, made user-friendly and hassle-free through the online registration system.

Steps for Company Registration in India:

Initial Document Collection: Gather necessary documents for the incorporation process and ensure their verification.
DSC and Name Approval: Apply for a Digital Signature Certificate (DSC) and seek approval for your company name from MCA.
Additional Document Collection: Acquire the second set of required documents and ensure their verification.
MOA and AOA Drafting: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company.
Final Form Upload: Upload completed documents and forms for the final stage of company incorporation.

Documents Required for Online Company Registration:

Identity and Address Proof:

Scanned copy of PAN card or passport (for foreign nationals & NRIs)
Scanned copy of voter ID/passport/driving license
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned passport-sized photograph and specimen signature (blank document with signature for directors)

Registered Office Proof:

Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned copy of notarized rental agreement in English
Scanned copy of no-objection certificate from the property owner
Scanned copy of sale deed/property deed in English (in case of owned property)

Note: Your registered office can be your residence; it need not be a commercial space. Legalfin Advisors is here to assist you throughout the process.

LEI Registration

The Legal Entity Identifier (LEI) is required for transactions in the interest rate, forex, and credit derivative market. Additionally, the Reserve Bank of India (RBI) has mandated LEI for companies and organizations with aggregate fund-based and non-fund-based credit exposure exceeding Rs 50 crore.

Eligible Entities For LEI

The list of entities eligible to apply for LEI codes are

Sole Proprietorships
Limited Liability Partnerships
Partnership Firms
Trusts
Private Limited Companies
Public Limited Companies
Government Companies
One Person Company
Insurance Companies
Housing Finance Companies
Non-Banking Finance Companies
Non-profit companies
Special Purpose Vehicles – Trusts, Special Purpose Vehicles – Companies, SPV – Partnership Firms, SPV – Co-operative Societies or Multistate Co-operative Societies Mutual Fund
Mutual Funds-Sub Scheme
Pension Fund
Pension Fund Sub-Scheme

TYPE OF ENTITY	DOCUMENTS TO BE UPLOADED PAN card is mandatory with supporting documents	REGISTRATION ID
Private Limited/LLP/Limited	Certificate of Incorporation/ GST Certificate/ IEC Certificate	CIN/ LLPIN/ GSTN/ IEC Code
Trust	Trust Deed and Board Resolution/ GST Certificate/ NGO Darpan Certificate/ PAN Card	GSTN/ NGO Darpan Unique ID
Proprietorship	IEC Certificate/ GST Certificate/ Udyam Registration Certificate/ PAN Card – Any 2	IEC CODE/ GSTN/ Udyam Registration Number
Bank	GST Certificate/ Board resolution/ Registration Certificate/ PAN Card	GSTN
Partnership	IEC Certificate/ GST Certificate/ Partnership Deed/ Udyam Registration Certificate/ PAN Card – Any 2	IEC CODE/ GSTN/ Udyam Registration Number
Fund	Board Resolution and Trust Deed/ PAN Card
NGO, Society, Foundation	NGO Darpan Certificate/ PAN Card	NGO Darpan Unique ID

For more information, consult Legalfin Advisors.

Trade License

The acquisition of a trade license signifies the formal authorization granted by local governmental bodies, typically municipal entities, permitting the initiation of commercial operations within a specified jurisdiction. This legal instrument underscores compliance with regulatory frameworks and ethical standards mandated by governing bodies, thereby bestowing legitimacy upon the business enterprise.

There are different types of trade licenses for different types of businesses:

Type A: For places that serve food.
Type B: For places with machines and electricity, like factories.
Type C: For risky businesses, like making fireworks..

Importance of Trade License:

It makes your business legal.
You have to follow all the rules set by the government.
It shows you're capable of running a business properly.
The main goal of having a trade license is to keep an eye on what's happening in the business world in a certain area. It makes sure everyone is playing by the rules and not doing anything that could hurt people or the environment.

To apply for a trade license online, you need to:

Fill out the application and give all the necessary papers.
Pay the fees.
Wait for the authorities to check out your business location.
If everything's good, they'll approve your application and give you the license.

Here's what you need for the application:

Completed Form-353
A letter from the property owner or a neighbor saying it's okay to have a business there.
Some official papers about your property and taxes.

Different kinds of businesses need different documents, like:

For companies with more than one owner, you'll need papers showing who owns what.
For companies renting their space, you'll need rental agreements and proof of rent payments.

Note: Requirements may vary by registration authority.

IEC (Import and Export Code)

IEC, or Import and Export Code, is a prerequisite for Indian firms engaged in international trade. This unique code facilitates seamless cross-border transactions, ensuring regulatory compliances and fostering global business opportunities.

Documents Required for Import Export Code (IEC) Registration:

The documents required for an IEC registration are listed below:

PAN card of the company (not applicable in case of the proprietor)
Applicant’s PAN and Aadhaar card (driving license / Aadhaar / voter ID)
Incorporation certificate / partnership deed
Address proof (electricity bill / rent agreement / Sale Deed of the office location)
Copy of cancelled cheque leaf / banker certificate of the current account in the name of the company.

Situations Where IEC Code Is Required:

You can use the IEC code in the following scenarios:

When a shipment needs to be cleared by customs, the customs authorities require it from the importer.
When an importer transfers money overseas using banks, the bank requires it.
When an exporter has to dispatch their shipments, the customs port requires it.
When an exporter directly receives foreign currency into their bank account, the bank mandates it.

Benefits of IEC Code

Business Expansion: IEC facilitates global market access, enabling businesses to expand by introducing their products and services internationally.
Accessing Multiple Benefits: Companies can access various benefits for their imports/exports through DGFT, Export Promotion Council, Customs, etc., leveraging their IEC registration.
No Return Filing: IEC eliminates the need for filing returns. Once allocated, it maintains validity without necessitating any ongoing processes. Even export transactions are not obligated to submit returns to DGFT.
Simplified Procedure: Acquiring an IEC code from DGFT is straightforward, usually taking 10 to 15 days upon application submission. No evidence of export or import is required to obtain the Importer exporter code.
No Renewal Required: An IEC code remains effective for the entirety of an entity's existence and doesn't require renewal. Once obtained, it serves as an entity across all import and export transactions.

FSSAI Registration is essential for any Indian enterprise, manufacturer or person engaged in manufacturing and selling food by themselves. It ensures compliance with food safety standards in food-related services, fostering credibility and legal adherence, while promoting consumer trust in the food industry.

Food License Process

Step 1: Upon reaching out to our experts, our agents will schedule a call with you to collect all necessary documents for initiating the registration process.

Step 2: Our expert team will transparently kickstart the registration process for your food business, providing timely updates throughout.

Step 3: Food department officials will inspect your business. Upon a successful inspection, your food business will be registered, and you'll receive a 14-digit FSSAI license.

Benefits of FSSAI Registration:

Legal advantage
Maintenance of food safety
Increased goodwill
Consumer awareness
Assistance in import regulations, production, storage, distribution, and sale
Simplified fundraising with an FSSAI license
Assurance of high-quality products with FSSAI trademarks
Display of the registration number indicates compliance with cleanliness and quality standards.

Who Needs FSSAI Registration?

All food industry participants, from hawkers to large chains, whether online or offline, local or involved in import/export, must register. Depending on size and operations, they need one of the three types of licenses.

Types and Eligibility Criteria for FSSAI Registration:

FSSAI Basic Registration: Turnover up to ₹12 lakhs, capacity up to 2 MT per day, or dairy units handling up to 5000 liters per day.
FSSAI State Licence: Turnover between ₹12 lakhs - ₹20 crores, larger manufacturing units, and specific businesses like 3-star hotels.
FSSAI Central Licence: Turnover exceeding ₹20 crores or operations in two or more states.

Difference Between FSSAI Registration and FSSAI License:

FSSAI Registration for small-scale businesses, up to ₹12 lakhs turnover, limited to a local area.
FSSAI License for medium and large-scale businesses, turnover exceeding ₹12 lakhs, allows nationwide activities, and is more comprehensive and mandatory, valid for up to 5 years.

A Digital Signature Certificate (DSC) is a crucial tool that ensures secure online transactions and document authentication. It verifies the identity of signatories, enhancing the integrity and legality of digital communications in compliance with regulatory standards.

DGFT Digital Signature Certificate

A DGFT Digital Signature Certificate, issued by the Directorate General of Foreign Trade (DGFT) in India, is crucial for online transactions related to foreign trade. Classified as Class III certificates, they offer the highest level of security and trust. The DGFT DSC is utilized for filing licenses, returns, and other activities on the DGFT website.

Significance of DGFT Digital Signature Certificate

Legal Compliance: Ensures compliance with the Indian Government's e-governance initiatives, making digital signatures mandatory for online transactions.
Data Security: Encrypts and authenticates data, ensuring confidentiality and integrity, eliminating the risk of tampering during transmission.
Time-Saving: Streamlines processes, eliminating the need for physical signatures and paperwork, leading to efficient application processing.
Cost-Effective: Reduces costs associated with physical signatures and paperwork.

Benefits of DGFT DSC

Legally Compliant: Complies with government regulations mandating digital signatures for online transactions.
Saves Time: Eliminates paperwork, expediting application processing.
Data Security: Ensures secure transmission of data, preventing tampering.
Cost-Effective: Reduces expenses related to physical signatures and paperwork.
Long-Term Validity: Valid for two years, minimizing the need for frequent renewals.
Versatile: Applicable for various DGFT website purposes, including license applications and return filings.

Class 3 Digital Signature Certificate by Legalfin Advisors

Legalfin Advisors offers Class 3 Digital Signature Certificates, providing signature and encryption capabilities, along with a secure USB token. These certificates cater to individuals and companies for purposes like MCA e-filing, income tax e-filing, e-tendering, GST application, and more.

Renewal of Class 3 DSC

Class 3 DSC renewal follows the same process as obtaining a new certificate. Legalfin Advisors ensures a hassle-free renewal process, adhering to the guidelines set by the Controller of Certification Agencies (CCA).

Document Requirements

For a streamlined application process, Legalfin Advisors outlines the necessary documents for various services, such as digital signature, LLP registration, proprietorship registration, trademark registration, GST registration, partnership firm registration, and company registration.

Legalfin Advisors: Your Trusted Partner

Legalfin Advisors provides a seamless and efficient process for obtaining DGFT Digital Signature Certificates. Issued by authorized Certification Authorities, our certificates, paired with secure USB tokens, guarantee the highest level of security for error-free online transactions on the DGFT website.

One Person Company (OPC)

is a unique business structure in India, allowing sole entrepreneurs to establish a corporate entity with limited liability. OPC ensures legal compliance and individual control, enhancing professional credibility and growth.

One Person Company (OPC) Eligibility Criteria:

Natural Person and Indian Citizen: Only Indian citizens who are natural persons are eligible to establish an OPC. Legal entities like companies or LLPs are not permitted.
Resident in India: The promoter must be a resident in India, having resided in the country for at least 182 days in the previous calendar year.
Minimum Authorized Capital: The OPC must have a minimum authorized capital of Rs 1,00,000, as specified during registration.
Nominee Appointment: A nominee must be appointed during OPC incorporation. The nominee steps in as a member in case of the promoter's death or incapacity.
Restrictions on Certain Businesses: OPCs engaged in financial activities like banking, insurance, or investment are not allowed.
Conversion to Private Limited Company: If the OPC's paid-up share capital exceeds 50 lakhs or its average annual turnover exceeds 2 Crores, conversion to a private limited company is mandatory to comply with regulatory requirements for larger companies.

Documents Required

The following documents must be prepared and submitted to the Registrar of Companies (ROC):

Memorandum of Association (MoA):
- This document outlines the objectives or business for which the company is being incorporated.
Articles of Association (AoA):
- The AoA lays down the company’s by-laws.
Appointment of Nominee:
- In cases where there is only one director and member, a nominee must be appointed to act on behalf of the director in the event of incapacitation or death. The nominee’s consent, along with their PAN card and Aadhaar card, should be provided through Form INC-3.
Proof of Registered Office:
- Submission of proof of the registered office, proof of ownership, and a No Objection Certificate (NOC) from the owner is required.
Declaration and Consent:
- The proposed director should provide a declaration in Form INC-9 and their consent in Form DIR-2.
Compliance Certificate:
- A declaration by a professional certifying that all necessary compliances have been made.

Get Expert Consultation

Financial Sector Toolkits

Unlocking insights into your business's financial health is made easy with the Finance Toolkits. By assessing liquidity, solvency, profitability, and efficiency, this toolkit empowers informed decision-making. It allows businesses to benchmark against industry standards, strategize effectively, and forecast future financial performance, ensuring the success of financial initiatives.

How Legalfin Advisors Can Help

Legalfin Nexus for Wealth and Asset Management A business transformation platform optimized for wealth and asset management.
Legalfin Nexus for Banking A transformative solution that helps banks design, build, launch, and enhance propositions at the speed of their customers’ ever-shifting expectations. A mature solution with proven capabilities.
Workforce Transformation Services Workforce transformation strategies for the banking and capital markets industry.
Consumer Banking and Wealth Services Operational excellence and profitable growth in consumer banking.
Financial Services Strategy Consulting Legalfin Advisors financial services strategy consulting teams help the C-suite drive future value-creation.
FinTech and Ecosystems Legalfin Advisors teams help all types of financial services organizations – from early-stage and scale-up FinTechs to the largest multinationals – innovate and transform for growth.
Customer Tax Operations and Reporting Services Meet your customer-related regulatory obligations through our integrated suite of end-to-end customer tax operation services.
Private Equity Value Creation Services Our hands-on value creation leaders work at pace to help PE companies and sponsors deliver their investment case by accelerating cash and profit improvements from ideation to results.
Digital Transformation We collaborate with insurers on technology transformation programs and the deployment of digital tools. From concept to implementation, we work with you to develop strategies that optimize performance, drive efficiency, and enhance quality.
Digital Enterprise Transformation Unlock the advantages of the digital era to harness innovation, drive operational efficiencies, and grow your business.
Financial Crime Operations Our skilled teams, enabled by innovative technology and flexible global delivery service centers, can help you manage financial crime risk in a cost-effective, sustainable way.

Media House Toolkits

Media house toolkits are crucial resources for streamlining and improving diverse facets of media operations. These kits, encompassing templates and guidelines, play a vital role in content creation, editorial processes, and audience engagement, ensuring consistency and efficiency. They serve as essential tools for meeting objectives and optimizing workflows in the dynamic media industry.

Summary of the Regulatory Framework for the Media Sector in India:

The Media Entertainment (M&E) industry in India is classified into print, cinematograph films, broadcasting, and digital media. The Ministry of Information and Broadcasting (MIB) regulates these categories, with support from various organizations. Digital media is also partially regulated by the Ministry of Electronics and Information Technology (MEITY), and the Telecom Regulatory Authority of India (TRAI) oversees broadcasting and cable services.

Print Media: Regulated by the MIB (Information Wing) through the Press and Registration of Books Act 1867. The Press Council of India ensures journalistic standards, and the Central Media Accreditation Guidelines 2022 set eligibility conditions for working journalists.

Films: The Cinematograph Act 1952 governs the certification of cinematograph films, and the Film Certification Appellate Tribunal has been abolished. The MIB (Films Wing) administers cinematograph films.

Broadcasting: Regulated by the MIB's Broadcasting Wing, the Cable Television Networks (Regulation) Act 1995 governs cable TV. The TRAI oversees the regulatory framework for broadcasting and cable TV.

Digital Media: Regulated under the IT Act and Intermediaries Guidelines, imposing due diligence on intermediaries and social media. The Copyright Act 1957 applies to protect various works.

Ownership Restrictions: Foreign ownership restrictions are outlined in the Consolidated FDI Policy 2020, covering FDI caps for various media services. Cross-ownership of media companies is limited by guidelines.

Licensing Requirements: Licensing requirements vary for cable operators, TV channel downlinking, uplinking, radio stations, DTH, HITS, and OTTs. The process involves application, eligibility criteria, security clearance, and fee payments.

Foreign Programs and Local Content: Programs on TV, whether foreign or local, must comply with the Programme and Advertising Code. Private FM radio stations must ensure at least 50% of programs are produced in India.

Advertising: Regulated by specific legislations for cable TV and radio, and the Endorsement Guidelines for misleading advertisements. The Advertising Standards Council of India provides self-regulation.

Must-Carry Obligations: Compulsory transmission of certain channels is required for cable TV and DTH operators, as notified by the government.

Regulation of New Media Content: Apart from the Intermediaries Guidelines, there are no specific regulations for new media content. The code of ethics in the guidelines applies to digital platforms.

Digital Switchover: Analog to digital broadcasting transition was mandated for TV in 2017. Radio digitization is in progress, with recommendations for amendments to allow digital radio broadcasting.

Digital Formats: Usage of spectrum is governed by license documents, specifying permitted uses.

Media Plurality: No specific process for assessing media plurality; competition law regulates mergers and acquisitions.

Key Trends and Expected Changes: Emerging trends include the need for monitoring media ownership and cross-media ownership. Proposed amendments to the Intermediaries Guidelines and a new Digital India Act are expected to bring changes in digital media regulation. Recent developments include the Endorsement Guidelines for advertising and efforts to regulate online betting and gambling platforms.

Franchise Toolkits

Franchise Marketing Toolkits are essential to help franchises promote their businesses and attract potential customers. It is crucial for business owners to know how to market their franchises. Your business demands such models to maximize the returns. In India, licensing lacks specific regulation, but franchising is governed by laws such as the Indian Contract Act (1872), Competition Act (2002), Foreign Exchange Management Act (1999), and Trademarks Act (1999). Franchising has outgrown the narrow concept of merely marketing a product or service through its distributors. Today, it provides a complete business opportunity that demands management, accounting, finance, economics, quantitative analysis and of course marketing.

Types of Franchising Agreements

Franchise agreements serve the purpose of promoting either a product or a business format. Originally, franchising aimed at product distribution, with franchisees focusing on a single manufacturer's product, adopting the manufacturer's identity. Examples include automobile dealerships and gas stations. In the 1950s, Business Format franchising emerged, requiring franchisees to adhere to strict guidelines in areas like product development and marketing. This format is prevalent in restaurants, convenience stores, and personal/business services.

To understand franchising better, consider some common types of franchising agreements:

Invention Licensing Agreement:
- Focuses on maximizing the benefits of a new invention.
- Involves patenting the invention and licensing patent and design rights.
- Encompasses manufacturing and marketing of the invention on a national or global scale.
Trademark Licensing Agreement:
- Aims to build brand equity.
- Allows the owner of a trademark to grant a license for its use on associated goods.
- Covers manufacturing, preparation, marketing, presentation, and sale of goods.
- Includes provisions to maintain the standard of quality, goodwill, and reputation of the brand.
Character Merchandising Agreement:
- Involves licensing the name of a famous personality, sports figure, or fictional/graphical character for use on specific products.
- Emphasizes provisions to protect the reputation and copyright associated with the personalities or characters.
Dealer / Distributor / Marketing Arrangements:
- Common franchising agreements where dealers or distributors adopt the franchisor's business system.
- Found in dealerships with automobile companies, food and consumer goods chains, petrol pumps, and gas stations.
- Examples include agreements with companies like Hyundai, McDonald's, and Hindustan Petroleum.

Understanding these franchising agreement types provides insight into the diverse ways businesses collaborate and expand their reach.

E-Commerce Policies Toolkits

E-commerce revolves around online customer management, and as sales and customer feedback increase, efficient tools become essential in the e-commerce toolkit. Optimal tools are crucial for business success, whether it's a startup or an established venture, aiding in specific tasks like personalization, store optimization, and idea research. E-commerce tools encompass diverse functionalities, from keyword research to CRM, ensuring accelerated business growth and consistent performance assessment.

Government Initiatives: Initiatives like Startup India, Digital India, and the BharatNet Project, coupled with a push towards a cashless economy, have fueled the success of India's e-commerce sector.

Key Laws & Regulations:

Regulatory & Data Protection:
- Foreign Direct Investment Policy
- Foreign Exchange Management Act, 1999
- Companies Act, 2013
- Payment and Settlement Act, 2007
- RBI regulations on payment mechanisms
Labelling, Packaging, and Metrology:
- Legal Metrology Act, 2009
- Legal Metrology (Packaged Commodity) Rules, 2011
Sales, Shipping, Refunds, and Returns:
- Regulations by relevant ministry/state
- Information Technology Act, 2000
- Consumer Protection Act, 1986
Tax & Legal:
- Income Tax Act, 1961
- Double Taxation Avoidance Agreement
- Goods and Services Tax
- Indian Contract Act, 1872
- Indian Copyright Act, 1957
- The Patents Act, 1970

E-Commerce Laws Models:

Marketplace Model:
- Facilitates transactions between buyers and sellers
- Example: Naaptol, Shopclues
Inventory Model:
- Sells products directly to customers
- Example: Myntra
- FDI allowed under automatic route for marketplace, not for inventory model

FDI Policy:

1. 100% FDI allowed in Business to Business (B2B) E-Commerce

2. No FDI in Business to Consumer (B2C) e-commerce, except under specific circumstances

Payment and Settlements Systems Act, 2007:

1. Adherence to RBI guidelines for online payments

2. Nodal Account required for settling merchant payments

Labelling and Packaging Compliance:

1. Adherence to Legal Metrology Act, 2009

2. Detailed product information on the online platform

Sales, Shipping, Refunds, and Returns:

1. Regulated by Sale of Goods Act, 1930

2. Must include guarantees, terms, and return/refund policies

Indian Contracts Act & IT Act:

1. Regulates electronic contract validity and communication

2. Platform policies must be enforceable contracts

Information Technology Act & GDPR:

1. Compliance with IT (Reasonable security practices and procedures) Rules, 2011

2. GDPR applicable for data protection

Intellectual Property:

1. Protection of trademarks and copyrights

2. Challenges in addressing domain name deception

Jurisdiction Challenges:

1. Lack of Indian case law on e-commerce jurisdiction

Dispute resolution complexity, especially in B2C sector

HR Policies Toolkits

HR firms are increasingly in need of comprehensive toolkits to aid businesses in managing organizational challenges efficiently. These toolkits, serve as one-stop solutions, streamline HR functions by offering ready-to-use packages, pre-written policies, and templates. With features like survey forms and time-saving resources, these vibrant toolkits enhance talent management, optimize policies, and save costs, making them indispensable for businesses seeking organizational efficiency.

Purpose of HR Policies in Companies

HR policies play a crucial role in fostering a healthy workplace environment. They are typically established during a company's early stages to address various needs:

Growth Stage: Especially when onboarding new talent regularly.
Behavioral Standards: To set acceptable workplace behavior.
Discipline and Orderliness: Maintaining workplace discipline.
Clarity and Structure: Addressing operational uncertainties.
Conflict Avoidance: Preventing clashes of interests.

Who Drafts HR Policies?

The responsibility usually falls on the Human Resources (HR) Department or Manager, emphasizing the need for careful drafting.

Key Inclusions in HR Policies:

Applicability: Clearly define the scope of the policy for all employees.
Hiring Practices: Standardize procedures for fairness.
Timings and Attendance: Establish working hours, shifts, and attendance rules.
Leave Policy: Specify types of leaves and conditions.
Health, Safety, and Security: Ensure a safe work environment.
Work From Home Policy: Address remote working guidelines.
Compensation and Performance Reviews: Set performance standards and review processes.
Code of Conduct: Define workplace ethics, dress code, and language use.
POSH Policy: Prevent sexual harassment with compliance requirements.
Work Travel Compensations: Outline reimbursement terms for business travel.
BYOD Policy: Specify rules for using personal devices for work.

These policies contribute to maintaining cohesion and promoting employee well-being in the workplace.

Commercial Contract Toolkits

A commercial contract toolkit is a resource that provides templates, guidelines, and tools for creating and managing the bulk of business contracts. These ensure increased efficiency, standardized processes, reduced legal risks, and improved compliance. Using these toolkits streamlines contract creation, ensuring consistency and minimizing legal complexities in commercial transactions.

Common Commercial Contracts in India:

In India, key commercial contracts play a vital role in business transactions, establishing terms, and safeguarding the interests of involved parties. Here is a concise overview of 12 prevalent types:

Service Agreement: Outlining terms, conditions, and considerations for services rendered between parties.
Non-Disclosure Agreement (NDA): Restricting the sharing of confidential information, applicable to employees, vendors, and service providers.
Partnership Agreement: Defining the relationship, duties, and obligations of partners in a business venture.
Loan/Security Agreement: Capturing terms and conditions of lending, with a Security Agreement for collateral pledge.
Licensing Agreement: Granting the right to produce, sell, or use intellectual property between a licensor and licensee.
Distributor Agreement: Governing the relationship between a goods supplier and distributor.
Franchise Agreement: Outlining rights and obligations for both franchisor and franchisee in a business.
Joint Venture Agreement (JV): Detailing the collaboration between two or more entities in a new or existing business.
Shareholder Agreement: Defining the relationship between a company and its shareholders.
Sale and Purchase Agreement: Capturing terms and conditions of a sale between buyer and seller.
Employment Agreement: Legally binding terms governing the relationship between employer and employee.
Intellectual Property Licensing Agreement: Establishing the use of intellectual property rights between a licensor and licensee.

These contracts form the foundation of business relationships, providing clarity and protection for all parties involved in commercial transactions in India.

Legalfin Advisors

+91-93704 02861

Legalfin Advisors

Company Secretary Practice

Business Incorporation

Compliances

Conversion, Closure and Transfer

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Knowledge Resources for you

kms pico download ✓ Activate Windows & Office Easily Now ➔ 2024

bangla word software free download for windows 10 ✓ Download BanglaWord 1.9 for Easy Typing and Editing

How to Launch an Online Gaming Business in India?

Few Relationships we’ve built, not just transactions

ABOUT US

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POPULAR SERVICES

TAXATION & SUPPORT

OTHERS

Contact US

Legalfin Advisors

VFL Foundation

Have Any Questions?

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Legalfin Advisors

+91-93704 02861

Legalfin Advisors

Company Secretary Practice

Business Incorporation

Compliances

Conversion, Closure and Transfer

Related Articles

Knowledge Resources for you

Few Relationships we’ve built, not just transactions

ABOUT US

Quick Links

POPULAR SERVICES

TAXATION & SUPPORT

OTHERS

Contact US

Legalfin Advisors

VFL Foundation

Have Any Questions?

Mail Us

Startup Registration: Navigating the Entrepreneurial Landscape

How to Register a Company?

Steps for Company Registration in India:

Documents Required for Online Company Registration:

Let Us Assist You

Producer Company Registration in India: Criteria and Documents

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LEI Registration

Eligible Entities For LEI

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Trade License

There are different types of trade licenses for different types of businesses:

Importance of Trade License:

To apply for a trade license online, you need to:

Here's what you need for the application:

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IEC (Import and Export Code)

Documents Required for Import Export Code (IEC) Registration:

Situations Where IEC Code Is Required:

Benefits of IEC Code

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Partnership Firm Registration

Documents Required For Partnership Firm Registration

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Section 8 Company Registration

Required Documents for Section 8 Company Directors (Indian Nationals):

Documents for Foreign National Directors:

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Producer Company

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Nidhi Company

Documents Required for Nidhi Company Registration in India

Requirements After Registration

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Sole Proprietorship

Eligibility Criteria for Sole Proprietorship Registration in India:

Licenses and Registrations for Sole Proprietorships

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One Person Company (OPC)

One Person Company (OPC) Eligibility Criteria:

Documents Required

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Limited Liability Partnership (LLP)

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Online Gaming Toolkits

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Financial Sector Toolkits

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Media House Toolkits

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Hospital Governance Toolkits

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Franchise Toolkits

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Startup Toolkits

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E-Commerce Policies Toolkits