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Corporate Law Insights: Expert Analysis and Updates

Corporate Law
free

AI Hallucination in Court: ITAT Recalls Order Over Fake ChatGPT-Generated Case Laws in Buckeye Trust Tax Dispute

A recent tax tribunal order, hastily withdrawn after citing non-existent court judgments, has sparked concerns over the possible use of generative AI—a groundbreaking technology reshaping the world but notorious for sometimes fabricating information. In December, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) issued an order referencing three Supreme Court judgments and one […] Print

Team CounselviseTeam Counselvise-March 20, 2025
Corporate Law
free

Incorporating a Wholly Owned Company in India

India is a lucrative destination for foreign investors looking to expand their business presence. One of the most popular ways for foreign entities to establish a business in India is by setting up a Wholly Owned Subsidiary. This article provides a step-by-step guide to incorporating a wholly owned company in India, covering the legal framework, […] Print

Team CounselviseTeam Counselvise-March 03, 2025
Corporate Law
free

Section 139 of the Companies Act, 2013

When it comes to running a company, transparency and accountability are key. One of the pillars supporting these values is the role of auditors. In India, Section 139 of the Companies Act, 2013 lays out the framework for appointing auditors—a process essential for ensuring that a company’s financial statements are accurate and reliable. Let’s break […] Print

Team CounselviseTeam Counselvise-February 25, 2025
Corporate Law
free

Foreign Exchange Management Act (FEMA) for Foreign Transactions

In a globalized world, businesses, individuals, and governments engage in cross-border transactions. So, we must regulate foreign exchange to ensure stability and legality. The Foreign Exchange Management Act (FEMA), enacted in India in 1999, plays a pivotal role in governing foreign exchange transactions. What is FEMA? The Foreign Exchange Management Act (FEMA) replaced the outdated […] Print

Team CounselviseTeam Counselvise-January 23, 2025
Corporate Law
free

Government Schemes and Incentives for Private Limited Companies in India

India is an entrepreneurial powerhouse, offering countless opportunities for businesses to grow and thrive. The government provides many schemes and incentives for Private limited companies, designed to ease financial burdens, promote innovation, and encourage expansion. Whether you’re a startup, a medium-sized enterprise, or an established business, these initiatives can serve as a springboard for success. […] Print

Team CounselviseTeam Counselvise-January 18, 2025
Corporate Law
free

Private Limited Company and its Registration Process

What is a Private Limited Company? Private company means a company having a minimum paid-up share capital as may be prescribed, and which by its articles (i) restricts the right to transfer its shares; (ii) except in case of One Person Company, limits the number of its members to two hundred: Provided that where two […] Print

Team CounselviseTeam Counselvise-January 11, 2025
Corporate Law
free

Startup Tools for Success in India

Starting a startup is a thrilling journey, especially in India. Its vibrant ecosystem is full of entrepreneurial opportunities. However, to move from idea to execution, you need the right tools in your arsenal. Whether you're working on a tech innovation, a service platform, or a product-based Startup, leveraging these tools can simplify the process and […] Print

Team CounselviseTeam Counselvise-January 06, 2025
Corporate Law
free

The Ultimate Guide to Startup Funding: Stages, Investors, and Strategies

Navigating the complex world of startup financing can be one of the most challenging aspects for entrepreneurs. Understanding the various stages of startup funding is crucial for securing the right capital at the right time. Each stage serves a specific purpose in the lifecycle of a startup and attracts different types of investors. In this […] Print

Team CounselviseTeam Counselvise-January 02, 2025
Corporate Law
free

LLPs and their Taxation in India

In India's fast-changing startup scene, picking the right business structure is vital. Among various options, the Limited Liability Partnership (LLP) is now a popular choice. It is especially favored by small and medium-sized enterprises. This blog delves into the essence of LLPs, their incorporation process, taxation framework, benefits, and a comparative analysis with Private Limited […] Print

Team CounselviseTeam Counselvise-January 01, 2025
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