Things to consider / legal aspects while starting up a Business

The trend of starting up a new business in India is quite catching up, not in scale or pace that’s been seen in Silicon Valley. We see patterns wherein many want to start/build something new – working executives who have acquired enough skill sets and experience, along with a group of friends or freshers who are talented and have a good business idea.

Although talented in their respective fields, knowledge or awareness to this crucial component that links everything in a business or organization (legal aspects) is missing quite often . The start-up guy must acquire some basic legal knowledge that puts various things into perspective and certain things can be avoided in the future……

Click here to read the full article published in MarketExpress  –  a Financial & Business News, Analysis, Insights, Opinions & Research Portal



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The information / articles & any replies to the comments on this blog are provided purely for informational and educational purposes only & are purely based on my understanding / knowledge. They do not constitute legal advice or legal opinions. The information / articles & any replies to the comments are intended but not promised or guaranteed to be current, complete, or up-to-date and should in no way be taken as a legal advice or an indication of future results. Therefore, I can not take any responsibility for the results or consequences of any attempt to use or adopt any of the information presented on this blog. You are advised not to act or rely on any information/article contained without first seeking the advice of a Practicing Professional.

34 thoughts on “Things to consider / legal aspects while starting up a Business

  1. hello maam

    a company registered in USA wants to establish a private company in India. We wanted to know the procedure and requirements of law. The company deals in medical products.

  2. Dear Madam,

    I want to know about the compliances to be done and approvals to be obtained for a E-commerce business carried out in India and abroad.

    The business will be carried out by a LLP.

    Please help.

  3. I am an NRI ( holding Indian passport) and planning to start a business in India with another NRI partner. I read the following clause for forming Private Limited in one of your articles and does the the same clause applicable for LLP formation? What are our options?

    Minimum requirements for the Private Limited Company
    • Minimum 2 Directors [As per Section 149 (3) of the Companies Act, 2013 (implemented with effect from 01.04.2014), every company shall have at least one director on its board of directors, who has stayed in India for a total period of not less than one hundred and eighty two (182) days in the previous calendar year.]

  4. Hi, I am planning for a company which deal with Bee keeping, and Honey processing, Packing, Export, and Local sale in india. I am planning to start the company in Tamilnadu.
    I am confused which company type I have to form LLC or Prop. or PVT.

    Tell me which is best and why? please explain the legal formalities involved.

  5. DEAR MADAM ,
    I WOULD LIKE TO START A NEW CONSTRUCTION COMPANY,MAY I KNOW THE PROCEDURE TO REGISTERED THE NAME OF THE COMPANY AND WHAT ARE THE LEGAL POINTS TO BE CONSIDER WHILE REGISTER THE COMPANY
    THANK Q MADAM

  6. Hi Mam,

    I want to form a Private limited company can you guide me to decide authorised capital of company i want to set up cold storage in gujarat. I also want to take loan of Rs. 6 crore for this so authorised capital how to decide.

  7. hi mam
    i wants to start my one company in cab provier sector. i am trying to make cab sector more trancparent with the help of IT support . me and my one friend take this startup. we are starting in pune only will u tell us what amount of money and darcument we required .to register our company.

  8. Dear madam kindly tell me how much cost required to registered a pvt. ltd. company in india.

  9. Hi Mam,

    I am I would like to set up low budget food processing plant (masale) in Maharshtra Like Gruh Udyog, with two partner. plz explain me legal formalities for same

    Thank you
    Regards
    Pravin

  10. Good evening Madam,

    Iam a fulltime salaried employee of a public ltd company planning to form a Pvt ltd company along with my 4 friends.all of us are working however we are also asssociated with one of our friends brother’s firm and have invested money in business with him. now at the same time we want start our own PVT LTD company i have gone through your blog on the prodecure and legal formalites also want to know to from your end are there any other things that we need to take care. Our business is based on data processing services to our clients .

  11. Dear Mam,

    We need to Convert a proprietory business with a annual turnover over 1 Cr. into Pvt. Ltd. Company. Wish to know the procedure for the same and the feasibility as well.

  12. Hello,

    We wish to start a new Pvt. Ltd co. for eletrical, Civil & Telecommunication related work, Please help us with the procedure and the legal implication for the same. We wish to take it asap and form a company for the said purpose.

    Regards,

    Vipul R

    • Please visit my blog for knowing the step by step procedure of incorporation. For further details please call me.

  13. hello mam,
    I m Dhanashri Parthe I have appeared for my CS final and seeking for articleship can you please help me reagrding the same

  14. Hi Mam!

    i want to establish a company in Uttar Pradesh, for only Marketing of Agricultural Inputs such as Micro Nutrient Mixture, Bio Fertilisers and there after wants to deal in Pesticides also. Now pls advise me that what will be the procedure to setup it, a major question is that should i take a licence from State Agriculture Deptt.

    • Licence from State Agriculture Department would be required as per my opinion since you will be dealing in marketing of agricultural inputs.

  15. I am presently unemployed and thinking of starting a distribution business of equipments. Do i need to register this?

    • yes for registration of any business you either obtain shop act licence(applicable in Maharashtra) and open Current account in the name of business.

  16. I am a fulltime salaried employee of a public ltd company & interested in forming a new Pvt Ltd company along with my 3 friends.Two of them are not working however i don’t intend to leave my current job but still want to be a part of the new company.
    Would like to know what are the options available with me to avoid any legal issue with me bacause of my employement.

    Regards,
    MIB

    • You should first find out what your Organization’s Code of Conduct / Terms of Employment Agreement states for the consequences of any violations. If it doesn’t allow you to start/participate in other ventures then you may take your own decision or there could be alternatives like adding your spouse/relative as a partner in that new venture.

  17. Hello, I read your very informative article abt LLP on MarketExpress. My question is: Is is possible to form a LLP without a resident partner? In other words a LLP between an american and a NRI indian?

    Thank you!

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