Living with the times

At NovoJuris Legal, we believe sharing is caring and strive to share our research outputs relevant to the enterprises, founders, lawyers and knowledge professionals.

MCA amends Deposit Rules for Startups

The Ministry of Corporate Affairs has amended the Deposit Rules to allow start-ups to raise funds through corporate bonds or other convertible instruments for 10 years instead of 5 years. So an amount of twenty-five lakh rupees or more received
COVID-19 Crisis: Revised FDI norms for neighbouring countries

Like many other countries, India is also trying to curtail opportunistic take-overs due to massive economic slowdown, falling share price/ valuation due to Covid19 pandemic. The Department for Promotion of Industry and Internal Trade, issued a Press Note on 17

By NovoJuris over 3 years ago
Regulatory Update: MCA amends Incorporation Rules in relation to Shifting of Registered Office and Incorporation fee for companies

As part of Government’s efforts to make India a startup hub and continuous efforts of ease of doing business in India, the Ministry of Corporate Affairs (the MCA) has issued notification dated 6 March 2019. With this notification following changes
DPIIT registered Start-ups to get relief from Angel Tax. Recognition of Start-ups becomes easier

The Department for Promotion of Industry and Internal Trade (DPIIT) vide its press release dated 19 February 2019 has shared that the Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu has cleared a proposal for simplifying the process

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By Avaneesh Satyang over 4 years ago
Basic HR 101 For Startups

“Unlimited leave policy” “Beer bottles on every table” - these and others that startups do to attract talent. Culture, specially at the initial stages of the company, is largely driven by the tone set by the founders. Some of the

By Sharda Balaji over 6 years ago
Startup India Policy - Update One

Government of India in continuation to the Startup Initiative (read here on announcements to date), as a part of the 19 points Action Plan to empower startups to grow through innovation and design, has now issued a notification dated 17

By Sharda Balaji over 7 years ago
Budget 2014 - Reasons to Cheer...

Some of our top takes: Cheer to Startups: Rs.10,000 crore set up for venture capital in the MSME sector, for providing equity, quasi equity, soft loans and other risk capital. The earlier promise by the government was Rs.5,000 crore fund,

By Sharda Balaji over 9 years ago
Checklist of applicable sections for a private limited company, under the new Companies Act, 2013

Checklist of applicable sections for a private limited company, under the new Companies Act, 2013. [slideshare id=32538988&sc=no] Author : Geetika Chandel – a Company Secretary; manages Compliances at NovoJuris. She loves making graffitis. Disclaimer: This is not a legal opinion

By Sharda Balaji over 9 years ago
India Budget 2013-14 : Impact on Angel Investors and Startups

We had shared this note privately to many of the angels and startups who are raising investment. And then, quite a few interesting conversations emerged. Sharing here for the larger audience. Here’s the link to the Budget Speech http://indiabudget.nic.in/bspeecha.asp. The references

By Sharda Balaji over 10 years ago
Legal Issues in E-Commerce - Part 3 of the series

In the earlier posts, Part 1 and 2, we examined a few legal issues related to the business side of e-commerce and conducting business electronically. In this post, we are detailing some of typical questions that e-commerce businesses ask us.

By Sharda Balaji almost 12 years ago
Working on your start-up in stealth-mode while being employed?

It takes time from ideation to actual execution. Those who are employed many a time would like to have the cushion of a monthly salary when still perfecting the idea and getting close to execution, so that the bills can

By Sharda Balaji over 12 years ago
Choosing an Advisory Board for Startups

We all need a sounding board to bounce off our thoughts and get good advice. For startups it is a very valuable and powerful management tool, to have an experienced person who has ‘been there and done that’ to actually

By Sharda Balaji almost 13 years ago