IndiaLaw LLP

Nicknamed the “Silicon Valley of India”, Bengaluru is popular as the startup hub of India. The city’s growth has also been phenomenal, with India’s  Business Reform Action Plan, 2017  – a joint initiative between the World Bank and the  Department of Industrial Policy and Promotion  (DIPP) – naming Karnataka the 6th best Indian state in terms of ease of doing business. This is primarily because Karnataka has  established  a single window system for project approvals and has digitized the registration process with most ministries.  These startups require legal guidance at every step of the process, from incorporation to deciding on the shareholding, and raising capital, to ensuring compliance with the laws. Quite naturally, this also means that startups and law firms need to work in close liaison in order to ensure that these startups are always on the right side of law. It is this liaison that is encouraging law firms to open their offices in Beng...

Real estate is one of the fastest growing sectors in India, with assertions of it being on an upward trajectory after witnessing significant developments over the past one and a half years. The sector is set to reap the benefits of the reforms which began in May, 2016 with the notification of the Real Estate (Regulation and Development) Act, 2016 (RERA). RERA has since enhanced investor confidence, paving way for more structure and transparency in the sector. Further, the rolling out of the Goods and Service Tax (GST) has been claimed to bring more clarity in the process, by clubbing many different taxes into one. The combined effect of all these reforms has been an increase in real estate transactions involving buying, selling, leasing and financing of properties. However, the increase in these transactions has also led to an enhanced understanding of the risks involved while undertaking such arrangements. It is at this stage of identifying and minimizing the risks that ...