Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Recently Answered Questions

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
I'm a Person of Indian origin. Can I start a private limited company in India with my wife who is not an Indian citizen

I'm assuming you are also a citizen of a foreign country holding Person of Indian Origin ID card. If you are residing in India for at least 6 months in India, you and your wife can start a Private limited company in India. However, if you are not a resident in India, then you will have to have at least one resident in India as a Director of your compa...


View answer
Whether tax paid under reverse charge mechanism (GST) can be utilized as Input tax credit in the same month?

We are not sure why and how you paid GST under reverse charge mechanism. The government of India has deferred this indefinitely. However, when it was envisioned, the Input Tax Credit (ITC) was supposed to be taken from the subsequent months and not in the same month. For Eg., If you have made a payment to an unregistered vendor in the month of June, y...


View answer
No questions in this category.
No questions in this category.
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

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started