Legal Eagle's Eye

Let’s understand labour law compliances for start-ups from a renowned corporate dispute lawyer in Gurgaon . Starting a start-up is not easy. Entrepreneurs experience difficulty in arranging seed capital to make optimized use of factors of production. Although factors of production differ in each organization or start-up, labour is one constant factor that exists in most organizations. In this blog, you will find significant legal information regarding labour law compliances. Which Companies are Eligible for Startup Scheme? It is necessary to understand which type of companies will fall under the start-up framework. The types of companies eligible for the startup framework are as below: ●    Companies as a Pvt. Ltd or LLP and /or a registered firm. ●    A company that has a turnover less than INR 100 Crore in any of the preceding financial years. ●    Companies with 10 years from the date of incorporation. ●    an entity that is...

A cheque bounce can happen for many reasons including insufficient funds, cheque validity expiration, damaged cheques, overwriting, etc. The Negotiable Instruments Act of 1881's Section 138 addresses incidents involving bounced cheques and specifies penalties for those found responsible. Let's understand the legal implications of cheque bounce in India.   Legal Implications of Cheque Bounce Cheque bounce is a criminal offence in India under the stated Section 138 of the Negotiable Instruments Act. As a result, if a complaint is filed in court, the defaulter may be depending on the situation, get a prison sentence or a penalty that is up to twice the value of the cheque. When the court determines that the violation was serious, it may impose also. In such cases, you need to consult the experienced Corporate Dispute Lawyer in Gurgaon to guide you through the process. Required Documents in case of Cheque Bounce   To file a complaint against a party in a matter involving a returne...