Skip to main content

DISCLAIMER

  

NOTE: WE ARE AN INDEPENDENT LAW FIRM FORMED IN INDIA (BHARAT) AND WE ARE NO WAY RELATED / CONNECTED / DEPENDENT / ASSOCIATED / AFFILIATED TO LEXISNEXIS OR ITS PARENT COMPANY OR ANY OTHER SIMILAR COMPANY WHATSOEVER.

Our Client’s is our first priority and we pledge to maintain the best market practices and most ethical professional services in compliance with BAR COUNCIL OF INDIA guidelines.
As per the norms set by the Bar Council of India, law firms are not authorized to solicit work and publicize. All the information, publications and legal commentary provided on lexisandcompany.com is for illustrative purposes only and should not be regarded or relied upon as legal advice. While the content provided is accurate as at the date of first publication, it is updated frequently when laws and regulations change. The site clearly states it is not intended to be a source of advertising or solicitation, nor is it an invitation for a lawyer-client relationship, and transmission, receipt or use of the site does not constitute or create a lawyer-client relationship.

By using this website or our services and retrieving information from the website, the user accepts that he/she is doing it out of free will and any reliance on the information contained on lexisandcompany.com is solely at the user’s own risk. Specific legal advice should always be obtained before acting upon any information or commentary provided on the site. Further, the recipients of content from the site should not act, or refrain from acting, based upon any or all of the contents on the site.

Email me at lexisandcompany@gmail.com

or Call us at +91-9051112233.

Comments

Popular posts from this blog

Is It Legal to Charge Penalty Interest in Contracts?

Is It Legal to Charge Penalty Interest in Contracts? Or Am I Just Being a Villain in a Suit? πŸ’ΌπŸ’£πŸ’° Client's Curious Query: πŸ‘‰ “Can I legally charge interest or a penalty for late payments in a contract in India?” #PenaltyClausesIndia #InterestOnLatePayment #ContractLawIndia #IndianBusinessContracts #LexisAndCompany #LateFeeLegalities πŸ’‘ Short Answer: Absolutely YES — but only if you play by the legal rules! πŸ§ΎπŸ‘¨‍⚖️ Under Indian Contract Act, 1872 , parties can agree to reasonable penalty clauses or interest for delays . But you can't go full-on mafia with 10% per day πŸ˜… The law allows compensation — not punishment! #ContractTermsIndia #LegalInterestCharges #FairPenaltyClauses #ReasonableCompensation #LexisLegalGuide πŸ“œ What You Can Legally Do in Contracts: ✅ Add a Late Payment Interest Clause (e.g. 1.5% per month) ✅ Mention grace period & calculation method clearly ✅ Define if it's a fixed penalty or compensatory damages ✅ Ensure the clause is not "ex...

Can I Fire a Co-Founder in India?

  Can I Fire a Co-Founder in India?” – Or, Breaking Up Without Breaking Down the Startup πŸ’₯πŸ‘¬πŸ“‰ #StartupLawIndia #CoFounderDisputes #BusinessBreakupIndia #StartupAgreementIndia #FoundersAgreement #LegalRightsStartup #CompanyLawIndia πŸ’¬ Here's a question that's both dramatic and legally complex (think courtroom meets Shark Tank 🦈): “My co-founder isn’t contributing anymore. Can I legally remove them from the company?” πŸ‘‰ Top Keywords: Co-founder Removal India, Startup Disputes, Founders Agreement, Company Law, Shareholding Structure, Legal Separation Startup ✅ Short Answer: Yes—but it depends on what your paperwork says! You cannot just “fire” a co-founder like an employee. You need to go by: πŸ“œ The Founders’ Agreement πŸ›️ The Company’s Articles of Association (AoA) πŸ“ˆ The shareholding structure ⚖️ Applicable sections under the Companies Act, 2013 #StartupGovernance #FoundersRightsIndia #CompanyLawCompliance πŸ“Œ What Are Your Legal Options? Buy-Out Clause: If...