Any member of a company can approaches to the NCLT if member has a ground that the affairs of the company are being conducted in a manner i.e. is prejudicial to the interest of the Company or oppressive to the interest of any member or his interest. Even if the member has a ground that … Continue reading How Members Can Approach NCLT for the Company’s Mismanagement or oppression
Capital Reduction via Buy Back is not permissible under Section 66 of Companies Act 2013
Section 66 of the Companies Act, 2013 speaks about the Capital reduction and capital reduction of the shares can be done only through a special resolution but tribunal approval is required i.e. NCLT for the purpose of Capital Reduction. A company can reduce its capital by cancelling or extinguishing the shares subject to the special … Continue reading Capital Reduction via Buy Back is not permissible under Section 66 of Companies Act 2013
Understanding Patents in India: A Comprehensive Guide
Guide to Patents in India What is a Patent? A patent is a government granted, exclusive right over an invention for a limited time. In India, a patent gives the owner also known as the “patentee” the right to stop others from making, using, selling or importing the patented product or process without permission. In return, the … Continue reading Understanding Patents in India: A Comprehensive Guide
Understanding Statement of Use in U.S. Trademark Law
Statement of Use (SOU) in US Trademark Law A Statement of Use or SOU is a formal declaration filed with the United States Patent and Trademark Office (USPTO) to show that you are actually using a trademark in U.S. commerce. It is only required when an application was filed on an intent-to-use basis Section 1(b) … Continue reading Understanding Statement of Use in U.S. Trademark Law
DECODING THE TERM SHEET
TERM SHEET A term sheet is the initial document i.e. signed between the investors and startup. Term sheet itself is not legally binding document but many time this document is exchanged with the confidentiality and related agreements. Although Term sheet may not be legally binding but it is like an architect plan which set forth … Continue reading DECODING THE TERM SHEET
SAFE Notes Explained: A Simple Guide for Founders
When you’re raising money for your startup, everyone throws fancy terms at you, equity, debt, convertible notes, dilution. And then someone says, “Why not raise on a SAFE?” You nod politely, but deep down you’re thinking: What even is a SAFE? Don’t worry. By the end of this article, you’ll know exactly what a SAFE … Continue reading SAFE Notes Explained: A Simple Guide for Founders
Understanding Private Equity: A Beginner’s Guide
(Think Like Founder Series- By Ductus Legal-Volume II) What is a Private Equity?In simple words, ownership in Companies which are privately held and are not listed on Public stock exchange. Private equity investment is popular for its high risk and greater rewards, it's said that it generates better returns than stocks.Popular Startups of present day … Continue reading Understanding Private Equity: A Beginner’s Guide
THINK LIKE FOUNDER- COMPANY LAW CONCEPTS SIMPLIFIED FOR THE FOUNDERS AND STUDENTS. (VOLUME-1)
HOW TO START? One Strategy to understand the Company law for students or professionals those who have no background of the subject i.e. Think Like a founder who is starting a "Business". Now Read it.So the first question you should ask yourself as a founder, how many people you need to start your "Company"? Minimum … Continue reading THINK LIKE FOUNDER- COMPANY LAW CONCEPTS SIMPLIFIED FOR THE FOUNDERS AND STUDENTS. (VOLUME-1)
Streamlining Commercial Litigation: The Winds of Change with Order XIII‑A
In today’s fast-paced business world, nobody wants to wait years for a legal dispute to be resolved. Yet, traditional civil litigation in India can be a long and drawn-out process, especially for commercial disputes that carry significant stakes. Recognizing this challenge, the judiciary and legislature had embraced various reforms designed to speed up the process. … Continue reading Streamlining Commercial Litigation: The Winds of Change with Order XIII‑A
Implications of Patent Agent Communication Failures in India
In W.P.(C)-IPD 7/2024-Waterotor Energy Technologies Inc. vs. Union of India and Anr. the Petitioner based in Canada had hired a first agent in Canada to file his patent application in India. First agent in Canada had hired a second agent in India to carry forward the application process in India. Petitioner’s application was considered abandoned … Continue reading Implications of Patent Agent Communication Failures in India
DUCTUS EDGE 