Team Legistify | Legistify

Team Legistify
Answered on 12 Feb 2019

You can add a new co-founder to your company amending your old co-founders agreement and adding an addendum to include the provisions to add a new co-founder, his rights, position in the company, salary drawn and shares to be transferred to him, his duration as a co-founder, etc. You can consult a startup lawyer in India to get your co-founders agreement amended.Read More

Posted on 12 Feb 2019 | 2 Answers

Team Legistify | Legistify

Team Legistify
Answered on 11 Feb 2019

A new director can be added to the Board of Directors with the consent of shareholders. The director appointed must be eligible as per the relevant clauses in the Articles of Association and give his consent to be a director in written form which the company must register with itself. A Digital Signature and DIN is required to add a new director in the company. After the submission of relevant documents is done, an application for Digital Signature Certificate and Director Identification Number is filed. The documents and application are verified and approved. After obtaining the DIN and DSC, the appointment form can be filed. Click here to add a new director in your companyRead More

Posted on 11 Feb 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

Director of one company cannot be the employee of any other company. You cannot be executive director of your software company and work as an employee in other company at the same time. However, if you are non-executive director. You can be an employee of any other company. Read More

Posted on 18 Feb 2017 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

When you worked for the school did they execute an agreement with you or did they give appointment letter. Incase they did not then it is difficult to prove that you worked for them from 15 April to 31 April. We suggest you to first send them a letter thereby demanding your salary and appointment letter. If they fail to respond, then you can send legal notice through a lawyer therein demanding your salary. Read More

Posted on 05 Mar 2017 | 1 Answer

I am starting a startup. What would be the process and costs associated with the following: 1 Non-Disclosure Agreement 2 Trademark Registration and Copyright 3 Startup Consultation 4 Raising Seed Funding 5 Employee agreement 6 Co-founders agreement 7 Private Limited Company RegistrationRead More

Posted on 06 Feb 2020 | No Answers Yet

Team Legistify | Legistify

Team Legistify
Answered on 28 Sep 2018

According to section 5 of Shareholder Agreement Act -There are no limits specified under Indian law to restrict the term of shareholders’ agreements. The term of the shareholders’ agreements is at the discretion of the shareholders entering in to the shareholders’ agreements. Read More

Posted on 21 Mar 2017 | 1 Answer