Riya Chopra | Legistify

Riya Chopra
Answered on 07 Oct 2019

The business idea which you proposed is basically of a service facilitator and is completely legal although you should get the registration process done and the terms of service and privacy policy of your website drafted by a competent startup lawyer in India so that the terms clearly state that you are not a government agent and just a private service provider.Read More

Posted on 03 Oct 2019 | 1 Answer

Sakshi Yadav | Legistify

Sakshi Yadav
Answered on 28 Sep 2019

While company registration, the most frequent question asked in “Whether one can register a company for multiple businesses?” The answer is yes, however it depends whether the activities are related or not. The company may carry on more than one activity at the consent of the member. Consult a business law lawyer for more in-depth details.Read More

Posted on 23 Sep 2019 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 13 Sep 2019

There are plenty of ways to start a travel company. The question is whether you want to go the traditional way or do it the smart way. First, let’s look at the traditional way of registering a travel company. The first thing you’d do is contact your CA and set up an appointment. Then he would ask you for a bunch of documents time and again to submit and then give you an approximate date of registering your company. There are only the basic requirements to be completed to start a travel company. Consult Legistify's business experts in India to start your business registration process.Read More

Posted on 03 Sep 2019 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 13 Sep 2019

Private placement of securities must be made with the prior approval of the shareholders of the Company by a special resolution approving the private placement offer letter. The utmost important condition under section 42 is the total face value of each kind of securities issued to each person shall be at least Rs. 20,000. The private placement offer letter is required to be accompanied by an application form addressed specifically to the person to whom the offer is being made. Additionally, the Act lays down the following requirements: the offer has to be made only to those persons whose names are recorded by the company prior to the issue of the offer letter to subscribe to the securities; a complete record of offers has to be kept by the issuer in a prescribed manner, and complete information about the offer has to be filed with Registrar of Companies (the RoC) within 30 days of circulation of the offer letter. Consult a corporate lawyer in India to issue convertible debentures of a startup.Read More

Posted on 29 Aug 2019 | 1 Answer

Arshi Noor | Legistify

Arshi Noor
Answered on 21 Aug 2019

For starting stock trading minimum net worth requirement to be a stock broker is Rs. 10 crores and Membership fees are Rs. 1.25 crore (for stocks, derivatives, currencies, futures & options all included. o you want to be a stockbroker or a sub-broker? One of the important things to assess is your own capacity to own your own stock brokerage firm or practise as a sub-broker or dealer.  Stock Broker: If you have the financial capacity to start your own stock brokerage firm, then you can proceed with registering as a member of the Stock Exchange with a registration ID. The fees for registering as a member usually goes into several lakhs. Stock brokers can share this membership ID with their clients and begin trading. Sub-Broker: Individuals who want to practice on behalf of a registered stock-broker can trade under the membership of a registered member of the stock exchange or a stock broker’s membership ID. Dealer: Sub-brokers can hire dealers to actually input their trades on the stock exchange portals. A dealer is a person who enters the trades on the computer on behalf of the broker or sub-broker. Stock brokers and sub-brokers need to get a Certificate of Registration (CoR) from SEBI in order to proceed with trading. Under the guidelines of the stock exchange, no stockbroker or sub-broker is allowed to practice until he/she has a vaild CoR from SEBI. A sub-broker can register as a sub-broker with SEBI, similar to a stock broker. You also need to complete the business registration process. For the entire process, you can consult a startup lawyer in India.Read More

Posted on 20 Aug 2019 | 1 Answer

Tanya Mahajan | Legistify

Tanya Mahajan
Answered on 27 Jul 2019

To start a company in India, a minimum of two persons and an address in India are required. Further, the incorporation rules in India states that one of the Director of the Company must be both an Indian Citizen and Indian Resident (any person who has lived in India for over 186 days is considered an Indian Resident). READ: Laws Relating to Startups in India To register the company, foreign nationals who will serve as Directors of the Company will have to submit a copy of their Passport along with an address proof (Drivers License, Bank Statement, etc,). The copy of the original documents must be notarized by a Notary in the home country or by the Indian Embassy in the country of the foreign Director. For more clarification, you can consult or speak to our experienced startup lawyer in India who can guide you.Read More

Posted on 25 Jul 2019 | 1 Answer

Dhriti Dewan | Legistify

Dhriti Dewan
Answered on 25 Jul 2019

The important steps include:- 1. Name of the business - Naming your business or brand name and choosing an appropriate and available domain name. 2. Creating a logo - Once a name has been selected and a corresponding domain registered, it’s time to craft a simple logo. 3. Understanding search engine optimization (SEO) - Search Engine Optimization is the the process of maximizing the number of visitors to a particular website by ensuring that the site appears high on the list of results returned by a search engine. It's important to understand search engine optimization so that you can properly structure your site and pages for various search engines. 4. Building your store -In order to build your store the important elements include building high-converting product pages, writing captivating product descriptions, shooting beautiful product photography and much more. For more information you can consult our expert startup lawyers in India who will help and guide you in your matter.Read More

Posted on 24 Jul 2019 | 1 Answer

Harini S | Legistify

Harini S
Answered on 05 Mar 2019

You can register a private Limited Company with 3 co-founders under Indian Companies Act. There are pros and cons of each business model. To register your private limited company with 3 co-founders, you need to first sign a co-founder agreement. A co-founder agreement is a legal document which lays down the terms and conditions between co-founders of a startup regarding how the business will be operated between them. The co-founders agreement is a written agreement which provides insurance in case there is any dissonance between the co-founders. READ: Co-Founders Agreement in India You can consult a good startup lawyer in India, who will guide you in the procedure of registering you private limited company and the charges occurs.Read More

Posted on 05 Mar 2019 | 1 Answer

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 | 1 Answer

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