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Recently Answered Questions

I am a sole proprietor .My question is whether there is any other schemes like start-up India Which is beneficial to me?

Startup India is a program which supports those enterprises which help in employment creation or wealth creation or both. Sole Proprietorship firms and One Person Companies (OPC) are not eligible to take benefits from this program.

However, there are different schemes to promote entrepreneurship like Prime Ministers Employment Generation Progr...


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We are a small real estate company, one of our vendors entered into a contractual relationship with us 2 years back. As per the contract, the vendor would be paid only for the discussed amounts of materials during certain frequency. Recently the vendor has not been delivery the material. How do we proceed? Isn't this breaching?

As per Sec. 134 of the Indian Contract 1872, the surety is discharged by any act or omission of the creditor the legal consequence of which is the discharge of the principal debtor. Therefore, in the present case omission on the part of the vendor to supply necessary material to be used in the construction of the house discharges the principal debtor....


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We are a newly incorporated startup, and there is this confusion about Board Meeting arrangement. Should a written notice be given to the directors intimating the Board Meeting schedule?

Every Company whether public or private has to deliver the notice in-writing regarding the date of the upcoming BM at least seven days in advance, to the directors individually through the prescribed mode failing which every officer whose duty is to give notice, under this section, shall be liable to a penalty of ` INR 25,000 whether the pre-determine...


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What is the legal procedure to sign a contract with the team with which I am going for my startup?

The answer to your question is NDA (Non-Disclosure Agreement) - NDAs are commonly signed when two companies, individuals, or other entities are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship. NDAs can be "mutual", meaning both parties are r...


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We are a small real estate company, one of our vendors entered into a contractual relationship with us 2 years back. As per the contract, the vendor would be paid only for the discussed amounts of materials during certain frequency. Recently the vendor has not been delivery the material. How do we proceed? Isn't this breaching?

As per Sec. 134 of the Indian Contract 1872, the surety is discharged by any act or omission of the creditor the legal consequence of which is the discharge of the principal debtor. Therefore, in the present case omission on the part of the vendor to supply necessary material to be used in the construction of the house discharges the principal debtor....


View answer
We are a newly incorporated startup, and there is this confusion about Board Meeting arrangement. Should a written notice be given to the directors intimating the Board Meeting schedule?

Every Company whether public or private has to deliver the notice in-writing regarding the date of the upcoming BM at least seven days in advance, to the directors individually through the prescribed mode failing which every officer whose duty is to give notice, under this section, shall be liable to a penalty of ` INR 25,000 whether the pre-determine...


View answer
What is the legal procedure to sign a contract with the team with which I am going for my startup?

The answer to your question is NDA (Non-Disclosure Agreement) - NDAs are commonly signed when two companies, individuals, or other entities are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship. NDAs can be "mutual", meaning both parties are r...


View answer

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