Legal Advisor!ย โขย 1y
1. It depends upon the SSA, SSHA, SHA, SAFE and alike agreements that are drafted. In a general sense, the agreements are drafted in favour of the investors and the exit clause of the agreement is made where it's the companyโs responsibility to provide an exit to the investor within a prescribed time. 2. No, the founders do not face any legal action in such scenario. In the eyes of law, the company and the founders are different entities and founders cannot be held liable for such cases. There is a principle "Lifting of the Corporate Veil" which provides cases where founders can be held liable. The mentioned case does not fall in that.
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CompSciย โขย 1y
(3/3) 8. Compliance with Company Law : Comply with the provisions of the Companies Act, including holding annual general meetings, maintaining statutory registers, and filing annual returns with the Registrar of Companies. 9. Contractual Agreements
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ADJUVA LEGALยฎย โขย 1m
Akshay Kumar Sues Paresh Rawal for โน25 CRORE! ๐๐ฅ The report about Akshay Kumar suing Paresh Rawal for a whopping โน25 crore over an alleged midway exit from Hera Pheri 3 is a major headline. Allegations of "gross unprofessional conduct" and, cruc
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People think life on the founders side is green. But the reality is often disappointing. A bootstrap founder is in most cases working every day his ass off to keep up to the margins. A funded high growth startup knows deep down that itโs all a Fac
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Govt Experts Review Rising COVID Cases in Singapore & Hong Kong A high-level review meeting was recently held, bringing together experts from key institutions including the NCDC, ICMR, Disaster Management Cell, Emergency Medical Relief, and major go
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๐จ Historic SaaS Exit! Everstone acquires Paras Chopra's Wingify for $200M ๐ต Paras owns 71%, now worth โน1,230 Cr ๐ฐ Biggest SaaS exit in India & a global milestone ๐ Paras: "We never needed funding. No one convinced me itโd make things better."
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