Hiring a law firm for understanding the Indian Companies Act, 2013

Posted by Stven Martinez on February 5th, 2021

The Indian Companies Act 2013 supplanted the Indian Companies Act, 1956. It has far-reaching arrangements to oversee all recorded and unlisted organizations in the country. The Companies Act, 2013 executed numerous new areas and canceled the pertinent relating segments of the Companies Act 1956. It is a milestone enactment with broad outcomes on all organizations fused in India.

Key points of the Companies Act 2013

  • The maximum limit of shareholders (investors) allowed for a Private Limited Company is extended to 200 from 50.
  • Introduction of One-Person Company
  • Section 135 of the Act manages Corporate Social Responsibility.
  • National Company Law Appellate Tribunal (NCLAT) & National Company Law Tribunal(NCLT)

Why is Law Firm needed for registering a new business?

When beginning a business, you may experience numerous on edge and energized feelings with the expectation of maintaining a smooth and fruitful business. Sadly, issues and vulnerabilities emerge, and you will require a lawyer to secure yourself against risk and legitimate results. Having a decent business legal advisor will give significant serenity and incentive to your business.

Advantages of a Law Firm by your side:

1. Picking a Suitable Business Structure 

Picking a legitimate business structure for your business is significant since you may wind up with pointless lawful issues as it were. You will be presented with more obligations from organizations and sole ownership. Consider approaching a law firm to survey your business and assist you with getting liabilities, charge commitments, worker requests, and arrangement costs, so you can choose what business structure is best reasonable.

2. Prevent Lawsuits 

Recruiting a law firm can lessen the openness of your business from claims, including work claims. A law firm will help get your business in a lawful request for state and government work laws.

3. Preparing Contracts 

All business contracts, regardless of whether for workers, sellers, clients, and so forth, should be investigated by a law firm to guarantee that all essential things are caught. Not sure if an exchange requires an agreement? Recruiting a law firm can give you clearness while ensuring that a quality agreement is created.

4. Secure your Intellectual Property 

Intellectual Property incorporates item plans, developments, logos, business administrations, unique works, and proprietary advantages. Contingent upon the sort of intellectual Property you have, a patent, copyright, or brand name can be recorded. A law firm can assist you with securing and protect your lawful right to your licensed innovation.

5. Land Leases and Agreements 

Whether you are renting or buying a space, you will need a law firm to survey all fine print on all agreements, terms, and arrangements.

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Stven Martinez

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Stven Martinez
Joined: September 8th, 2020
Articles Posted: 19

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