Legal Dost

A Consultant is a professional who possesses expert skills and knowledge for doing a particular work. Businesses have to work with a consultant for various tasks involving specialized knowledge and skills. We recommend that appointment of Consultant should be done through a written agreement. When is a consultant required? Below are few cases in which a company may need to appoint a Consultant- Any task which needs special expertise. When technology is upgraded and expert is needed. To appoint a person on a task basis without taking him/ her on company rolls. Smaller businesses often hire Consultants as they find regular hiring expensive in the beginning.  A Consultancy Agreement is a document which defines the relationship between organization and consultant. It contains broad areas like appointment, services to be provided, consideration, technical details etc. Legal Dost provides you a handy Consultancy agreement template that can be

All successful entrepreneurs need services of legal advisors/ consultants for their business, as they guide  business in  right legal direction, offer right advice on laws applicable to business, enable management to focus on growing the business instead of getting bogged down by legal issues, and bring on table business friendly legal solutions. Bringing the right legal consultant on board is  very important, and when it comes to legal matters one should aim to associate with professional offering good quality of work rather than those offering work at low cost.  One should hire a sound professional legal consultant as brings along many advantages some of which, are listed below- The legal consultant can advise on the right type of company organization depending upon business and operational requirements. They provide custom corporate compliance services as per the type of company (LLP, private limited, one person, etc.). T hey can prepare employment, service agreem

Foreign companies can establish their business presence in India by setting up a wholly owned Indian Subsidiary. Indian Subsidiary is the local entity of foreign company for doing business in India.  Indian Subsidiary is incorporated as a wholly owned subsidiary of parent foreign company.. The parent foreign company holds 100% shareholding in the Indian Subsidiary. Remittance received by Indian Subsidiary from foreign company is subject to Foreign Direct Investment (FDI) guidelines issued by the Government of India.   Incorporating a private limited company is a preferred choice for setting up an Indian subsidiary. Various global foreign companies operate in India through their Indian Subsidiaries, which in turn are fully owned by the foreign companies .  To setup an Indian Subsidiary following are some of the requirements: • At least 2 members are required • Minimum paid up capital required is Rs. 1 lakh • Minimum 2 directors are required, of which 1 must be an India

When owner of an immovable property decides to confer upon another person the right to occupy and use that property, it becomes imperative to formalize the arrangement in form a Lease Deed/ Agreement.  A Lease Agreement is a document which outlines the terms and conditions governing the lease arrangement between the parties.  Under this agreement, the owner of property gives a right to tenant to use the property for a certain period of time in return of monthly rent.  A Lease Agreement should be carefully drafted so as to make sure that all terms as agreed between the parties are clearly recorded.  There are certain essential clauses mentioned below which should form part of every lease agreement-    Parties to lease-   There are two parties to a lease agreement- Lessor (one who gives the property on rent) and Lessee (one who takes the property on rent). Duration - The Lease Agreement should mention the duration of lease with commencement and termination date clearl

Buying a home is a dream for everyone. With home prices rising exponentially, it has become difficult for buyers to afford a house on their own. A home loan becomes a big facilitator in such a situation. A home loan enables you to afford a house, which otherwise you would tend to miss.  A Home Loan is a loan taken to acquire a property or to construct a house. Home loans are also available for home repairs, home improvements, and renovations along with addition of a new built-up section to an existing home. Banks and financial institutions give home loans. You should consider certain factors before zeroing in on a home loan.  Some of the these factors are discussed here for your reference- Rate of Interest - It is the most crucial factor to consider while taking a home loan. The lower the interest rate, better it is. Lower interest rate reduces your monthly EMI payment, which in turn is pocket friendly for you. A lower interest rate ensures that your payment towards

A Branch office is one of the means by which a foreign company can set up its business presence in India. A branch office is permitted to represent the foreign company in India and do permitted commercial activities and also earn income thereon. Branch office is regulated by Reserve Bank of India.  The purpose and role of a branch office is more exhaustive then the liaison office which, is not allowed to do any commercial activity in India. A Branch office is allowed to undertake business activity which is mentioned in its license granted by Reserve Bank of India. Some of these activities are- Export/ import of goods Professional or consultancy services Research work Technical and financial collaborations Representing parent company in India Information technology and software development Any other activity permitted by RBI A company desirous of opening a Branch office in India is required to obtain permission from RBI. Application to RBI is made through an Auth