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Corporate legal support encompasses a range of services designed to assist companies in navigating the complex legal landscape and safeguarding their interests.
Key features of corporate legal support and the benefits
Here are some key features of legal support services for corporate and the benefits they offer to companies:
Legal Compliance: Corporate legal support ensures that your company adheres to all applicable laws, regulations, and industry standards. This helps you avoid legal pitfalls, penalties, and reputational damage by ensuring your operations are in full compliance.
Contract Drafting and Review: Legal professionals provide expertise in drafting, reviewing, and negotiating contracts. This helps protect your company’s interests, minimize risks, and ensure that contractual obligations are clear and enforceable.
Corporate Governance: Legal Services ensures that your company follows proper corporate governance practices, including board meetings, shareholder agreements, and regulatory filings. This fosters transparency, accountability, and good corporate citizenship.
Intellectual Property Protection: Legal professionals assist in safeguarding your company’s intellectual property rights, including trademarks, copyrights, and patents. This protects your unique assets and helps maintain a competitive edge in the market.
Risk Management: Corporate legal support helps identify potential legal risks and develops strategies to mitigate them. This proactive approach minimizes the likelihood of legal disputes, litigation, and financial liabilities, saving your company valuable time and resources.
Dispute Resolution: Legal professionals provide guidance and representation in resolving commercial disputes, whether through negotiation, mediation, or litigation. This helps protect your company’s interests and reputation while seeking timely and cost-effective resolutions.
Mergers and Acquisitions (M&A): Legal support plays a crucial role in M&A transactions by conducting due diligence, negotiating agreements, and ensuring compliance with regulatory requirements. This helps facilitate smooth transactions and mitigates risks associated with mergers and acquisitions.
In summary, corporate legal support offers comprehensive guidance and expertise in various legal aspects of your business. It ensures legal compliance, minimizes risks, protects your company’s interests, and provides valuable support in critical areas such as contracts, intellectual property, governance, risk management, and dispute resolution. By availing these services, you can focus on your core business activities while having peace of mind that your legal needs are being handled by professionals.
Find Best Corporate Law Firms for Business Law in Chennai, Tamil Nadu. Mainly, Mediation Law is one of the keys practice areas of Rajendra Corporate Law Firm. Firstly, This mainly requires transactional and legal counsel. Of Course, including counsel relating Family Law, to day-to-day business, Civil disputes, regulatory issues, corporate and government affairs. Tends to clients, both domestic and international,
Rajendra Corporate Law Firm is one of the Corporate legal services firm in India.
Mediation in India
Mediation in India is a voluntary process where people decide to find a mutual solution to their legal problems. In fact, They enter into a written contract and the appointment of a mediator. In the same way, The powers of the decision remain the conflicting parties with the mediator acting as a buffer to get them to understand.
The parties may initiate ADR lawyers to represent them before the Ombudsman and to explain the situation in a professional manner. The difference between arbitration and mediation is that arbitration is a more formal process than mediation.
An arbitrator shall be officially named either before or at the time of need. Moreover, A mediator may be any person, any designation, may designate formally or casually depends on the will of the parties.
The mediation law in India was quite easy to use and flexible as a matter of fact.
Mediation in India are of two categories::
1. Court referred mediation:
The court may refer a case pending mediation in India. This must be in accordance with Article 89 of the Civil Procedure Code, 1908. This type of mediation is commonly in use for marital disputes, divorce cases in particular.
2. Private mediation:
In private mediation, trained personnel working as mediators on a fixed cost basis in the first place. Anyone from courts, the general public, businesses, and the public sector, may appoint mediators to resolve their dispute through mediation.
India Mediation Process
In most cases, people opt for voluntary mediation to mutually resolve their legal problems, making India a mediation process focused on the party and neutral uniquely. A third party namely a mediator appointed on behalf of directing unbiased parties to settle amicably their questions. Mediation uses structured communication and negotiation where people put their problems and solutions to them in front of the other with the help of a mediator. The person can be anyone the parties have chosen, or ADR lawyer agreed by the parties.
Rights and powers of Parties in mediation process
The mediator then helps to reach a conclusion based on their agreement on the terms. As it is a voluntary process and the parties retain all the rights and powers, either party may withdraw from the mediation process at any stage without indicating a reason.
General rules of evidence and reviewing and examination of witnesses
Mediation encourages parties to participate actively in dispute resolution and directly in which they explain the facts of the dispute, establish options or ways to solve the dispute, and make a final decision in coming to a settlement. The Indian mediation process follows all the general rules of evidence and reviewing and examination of witnesses. For all the rights you have on the issue, you can discuss with your ADR lawyer how you can put your demands and negotiate with the other party.
Main advantages of mediation in India
One of the main advantages of mediation in India is that it is a completely private method of dispute resolution. Only the parties in conflict and the mediator go ahead, making them personal and private parts business. Furthermore, The Ombudsman is an independent and impartial third party who helps the parties find their own solution. All statements in preparation during the mediation process in India can not be in disclosure in civil proceedings or any other place without the consent of all parties in writing.
Imposing a decision on the parties
In India mediation, the mediator works with the parties to facilitate dispute resolution and the mediation process does not decide the dispute by imposing a decision on the parties. The role of a mediator is both evaluative and facilitator. A mediator facilitates when he manages the interaction between the parties, encourages and promotes communication between them, and manages interrupts and Misbehavior by them and motivates them to reach an amicable settlement.
Confession made during mediation
The mediation process in India is quite confidential, as any information of one party and document preparation are inadmissible, and in seal condition. Any confession made during mediation can not be usable in any other court case and the information to the mediator can not be in the disclosure state to the other party if the other party expressly authorizes the mediator to do. The mediator can not be a witness to testify in a court case and can not disclose any information on the procedure.
Matrimonial disputes and corporate businesses
Mediation is a dispute resolution process that has been effective in matrimonial disputes and corporate businesses to find a quick solution that does not only save time and cost but also keeps the private entire settlement process disputes. The mediation process in India is flexible because it works two ways in assisting the parties in conflict to mutually solve their problem and to reduce the burden of cases pending before the courts.
Effectiveness of mediation:
Sometimes even the court-referred mediation is better because its process is easier and faster to get a resolution. Especially divorce mediation in India is the most common method of ADR. In divorce cases, property business, family issues, It helps to keep the issue limited only to the parties and does not put before the public and brought to a maintenance solution for peace
Are there national laws specifically governing mediation and practice?
There are two main texts that deal with mediation in India-CPC and the ACA. Section 89 of the CPC and the rules made by various high courts under this section deal with judicial mediation while Part III of the ACA with private mediation. Part II of the Regulations and the resolution of disputes mediation Civil Procedure (Alternate Mediation Rules) provides various rules for mediation.
Commercial courts (prior mediation Establishment and Regulation) Rules 2018
Other laws covering these are the Law on Commercial Courts 2015, by which it is binding on the parties to exhaust recourse to mediation prior to the institution under the Act prior to sue. Commercial courts (prior mediation Establishment and Regulation) Rules 2018 (PIMS Rules) have been developed by the Government under the Act.
These laws are not based on the Model Law of UNCITRAL on International Commercial Conciliation.
To what extent, and how mediation is encouraged in your jurisdiction?
The courts in India strongly recommend mediation. Many courts of the first instance have set up mediation centers housed in the premises of the courts. The courts provide the staff and facilities of these centers and also bear the expenses. Many lawyers and others were trained as mediators, and the court also pays fees to mediators. The process is usually free for the parties.
Power to direct parties to participate in Mediation process
A large number of cases referred to mediation by the courts. Although the consent of the parties is invariably taken before referring a matter for settlement by mediation, the court has the power to direct parties to participate in this process if at least to get to know more about the process.
Success of judicial mediation in India
Judges, leading lawyers, and policymakers speak very positively about mediation. However, It is still taking significantly in the private domain. With the success of judicial mediation in India, attention is now focused on private commercial mediation. professional organizations and industry-leading executives were involved in the same.
Contact Top Corporate Law Firms for Mediation Law
Call or WhatsApp: +91-9444014096 to make an Appointment with Senior Corporate Lawyers. Avail a Legal Support regarding Mediation Law or a Litigation Service in Chennai, Tamil Nadu, India.
FAQ – Mediation Law
What is Mediation and Role of a Mediator in India?
Mediation in India is a voluntary process where people decide to find a mutual solution to their legal problems by entering into a written contract and the appointment of a mediator
What are all the categories of Mediation in India?
1. Court referred mediation: The court may refer a case pending mediation in India in accordance with Article 89 of the Civil Procedure Code, 1908. This type is commonly used in marital disputes, divorce cases in particular. 2. Private mediation: In private mediation, trained personnel working as mediators on a fixed cost basis. Anyone from courts, the general public, businesses, and the public sector, may appoint mediators to resolve their dispute through mediation.
Are there any sanctions if a party to a dispute offers mediation and others ignores the proposal, refuses to mediate, or hinders the process?
No, there are no legal penalties for ignoring or refusing a mediation proposal. However, if a dispute has reached the stage of litigation, the courts may suggest it during the procedure and, invariably, these suggestions are accepted by the parties
What are the Advantages of Mediation?
1. This is More Cost-Effective than Court 2. This Process Can Save Your Time 3. It is Private & Confidential 4. Your evidence is not limited by normal court rules, and you may be able to include information that is usually not considered. 5. You Can End the case Amicably
What are the Disadvantages of Mediation?
1. There is No Guarantee 2. If you have been publicly accused of something, then you might want a public justification that comes with the court case again. 3. Mediation is dependent on the two sides come to the table and work toward a resolution. If one side refuses to do so, then mediation will not be useful.
Find Best Corporate Law Firms for Business Law in Chennai, Tamil Nadu. Mainly, Business Law/Commercial Law is one of the keys – a practice area Rajendra Corporate Law Firm, which mainly requires transactional and legal counsel, including counsel relating to day-to-day business, regulatory issues, corporate and government affairs. Tends to clients, both domestic and international,
Rajendra Corporate Law Firm is one of the Corporate legal services firm in India.
Business and Trade in a branch of civil law
Firstly, Commercial law or business law is a legal entity set up of business and trade. It is a branch of civil law and deals with both issues of private law and public law. In the same way, Commercial law governs the contract of service, hiring practices, and the manufacture and sale of consumer goods. In the same fashion, Many countries have adopted civil codes that contain a comprehensive statement of their commercial law.
Private law and public law
It is the body of law that is applicable to the rights, relationships, and conduct of individuals. And also companies engaged in trading, merchandising trade, and sales. It is often popular as a branch of civil law and deals with issues in both private law and public law. On conditions of the Companies Act, 1956, which is the law of the company in India. As a matter of fact, the company means a company registered under this Act to the above operations. Thus, a company comes into existence by registration under the Companies Act or the company law in India.
A company incorporated under the law on Indian companies, 2013
In India, Various Law Govern corporate affairs which entitle companies or trade laws in India by all means. In other words, These are applicable to the laws of society in India, and the Govt imposes the regulation. Moreover, The Ministry of Corporate Affairs (MCA) administers it In India. You can incorporate the companies under the law on Indian companies, 2013. Of course, this is the law of the company or business law in India.
A partnership under a contract is governed by the general law of contract. Uniquely, It is also called corporate law in India or in India Business Law. Identically, These are all in areas where the Partnership Act expressly makes any provision. These are rules on offer and acceptance, consideration, the legality of an object, etc.), legal personality, and nature. There are benefits of a business that can be better understood by looking at the following features of the law corporate and business law in India
Existence of Independent Businesses in India
For registration under the Act on company law or corporate law or business law in India. Meanwhile, a company becomes a corporate personality that is separate and distinct from its members. A company is a legal entity under company law or business law in India.
In this aspect of the laws of the company in India, the decision of the House of Lords in Salomon vs. Salomon & Co. Ltd. (1897 AC 22) is a well-known case in this aspect that although incorporated under the company law Act, the company has never had an independent existence.
Business Law in India provides that when a memorandum is signed and registered, subscribers are immediately legal entities able to exist with all the functions of a person as enshrined in the legislation of the company.
It is difficult to understand how a corporation created by the law can lose its individuality by sending most of its capital to a person. The company’s law defines a company as not a person but a memorandum of subscribers.
Limitation of Liability is another major benefit of the constitution of a company under company law or business law in India. The company, which is a separate entity, with its own work, the members are not liable for its debts under the law of the company or an act of corporate law. If the liability of members is limited by shares, each member is required to pay the nominal value of the share held by him and his responsibility ends there by the law of the company in India. One of the main motivations behind accepting the incorporation of a company under the law of the company in India is to limit personal risks by getting the advantage of limited liability.
In the world of business and according to the law of the company in India, “A society never dies, members can come and go, but a company can continue forever”. The death or insolvency of members does not affect the continued existence of the company. The company remains the same entity in the same way that the river is still the same river, though its parts are changing every moment.
The Public companies established under the laws of the company in India, the big goal was that the shares should be easily transferred. Section 82 of the Company Law Act 1956 expresses this principle by providing that “action or other interests of a member is personal property. The unique advantage of this under the business law in India is a member can sell their shares on the open market and get his money without affecting the capital structure of the company. Section 111 A, of the 1956 Companies Act by the Depositories Act 1996 specifically states that the shares of a public company are freely transferable.
Ownership of a corporation incorporated is vested in the corporation under the Business Law in India. The company is able to contain and enjoy the property in his own name. No member may claim ownership of any part of the assets of the companies. Thus, when a significant shareholder ensures business assets in his own name will not be able to recover compensation when said assets burn in a fire as it had no insurable interest in business ownership.
Capacity for suit
A company can sue in its corporate name as provided in the Business Law in India. The name of his management staff or members should not be questionable. The action against a group of people diminishes to a single action.
Business Law in India provides that a company is able to attract professional managers. It is because being tied to the management of a company gives members the status of a setting.
Access to the money market
Companies are one of the few legal institutions that allow accessing the money market for the training of its shares and the loan principal under the provisions of business law in India. A company can collect shares and preference shares without capital interest on which dividends is payable as and when there are profits. You can do this with the help of a prospectus for a public offering or private placement.
As good as these aspects sound, the Companies Act also has several disadvantages such as:
The lifting of the corporate veil
The lifting of the corporate veil – All of the aforementioned advantages of incorporating follow the principle that for all purposes of the law, a company should be considered a separate entity from its shareholders.
Formality and Capital
Formality and Capital – The formation of a company in India is an expensive affair. The formalities of the company must comply with the rules and regulations of the State where the incorporation happens by the same token.
Registration and constitution
Registration of business obtains by filing an application with the registration of Memorandum and Articles in accordance with Article 33 of the companies act. The application must be accompanied by a number of documents such as a Memorandum of Association (MOA), an Article of Association (AOA), a copy of the agreement, and a declaration that all requirements of the law have respected the contract on behalf of a company even before it was properly constituted.
Types of companies under the Companies Act 2013
The Companies Act defines the different types of companies that can incorporate under this Act. They are:
Unlimited company – A company may consist of unlimited liability of its shareholders who are also responsible for the debts of the company in insolvency
What is a Warranty company?
Warranty company – The liability of members of a society can be limited either by shares or by guarantee. In other words, members contribute a fixed amount of money to the company’s assets
What is a Private company?
Private company – A private company as defined by law, is any company in which the Article of the Association fulfills the mandates to have a minimum capital of one lakh rupees or more. They have certain rights to its members, and a minimum of fifty members and prohibit any invitation to the public to subscribe for its shares or bonds in like manner.
What is a Foreign company?
Foreign company – a company that has incorporated outside India
What is a Government corporation?
Government corporation – a company having 51% or more of the shares held by the government
What are all the types of Companies?
The Companies Act defines the different types of companies that can be incorporated under this Act. They are: Unlimited company Warranty company Private company Foreign company Government corporation
What are the fees for a Corporate Lawyer in Chennai? Many of the MSME & Large scale industries will indeed engage Corporate Advocates in Retainer fees structure. Companies decide Lawyer fees in Two methods. One is a flat fee and another is a Retainer fee. Rajendra Corporate Law firm in Chennai offers various legal support services by all means.
Flat fees for Corporate Advocates in Chennai
First of all, Companies will recruit in-house Corporate attorneys. This will be a salaried basis. In fact, The Company lawyer will not have exposure in all areas of practice. In order to get full legal services, the company must engage private Lawyers. Moreover, The flat fees for Corporate Advocates in Chennai may vary from case to case.
Hire a Corporate attorney in Chennai
“Prevention is better than cure”. A Good Company must protect its interest by preventive maintenance.
Hence they must hire a corporate Attorney in Chennai for the welfare of the organization.
Corporate Lawyer fees for Legal Advice & Litigation services
Legal Advice and Litigation services are two types of needs for Corporate. On the other hand, The cost is fixed on an hourly or specific work basis. By the way, Corporate Lawyer fees in Chennai will vary from Rs3000/- to 25,000/- per hour. Most of all, the Chennai Rajendra Corporate Law firm offers legal services in the above range.
Corporate Attorney fees on a Retainer basis
The Retainer Legal services of Consultation and Litigation are essential for Corporate. Of course, MSME may not show interest in Retainer basis legal support. In fact, Rajendra Corporate attorney fees on a Retainer basis are economical and cheaper than flat fees.
Retainer Lawyer fees for Legal consultation & Litigation Support
Essential legal services for Corporate are available at Rajendra Corporate Law firm in Chennai. Without a doubt, The Lawyer fees Charges for Retainer Legal services may vary from Rs5000/- to Rs75000/- per month. Moreover, the offers are in Quarterly, half-yearly and Annual contracts. Indeed, This includes unlimited Legal advisory services.
Quarterly Retainer fees
Local Lawyers for Corporate in our Law firm offer services for a short-term contract of 3 months. This type of all in all Retainer legal services will be given for specific work or as a Sample.
Half-yearly Retainer fees
Lawyers for companies mostly prefer half-yearly Retainer Lawyer fees. This is to calculate the legal work to do. The legal process may differ from case to case. The half-yearly Retainer fees will reduce or increase based on the time and effort spent on Legal services.
Annual Retainer Legal fees
One or two Corporate Lawyers may be hired for a single legal work in a company. In the same fashion, legal services may be a continuous process. No doubt, The total legal services can be calculated and annual retainer Lawyer fees may be decided.
Contact Top Corporate Lawyers for nominal fees in Chennai
Rajendra Corporate Law firm is one of the Top Corporate Attorney offices for MSME and Multinational Companies. Contact Senior Corporate Lawyers in Chennai high court. Call +91-9444014096 to get the Advocate fees.
How to find a Good Lawyer in Chennai ?. As a matter of fact, Madras high court is a hub for any legal remedy in Chennai. Good Lawyers for Civil and Criminal matters are still in demand in like manner.
How can an ordinary person find an Attorney in the first place? In fact, a referral basis is not working out nowadays. First of all, the Lawyer’s job is a noble profession. There is no Part-time work and must be a full-time Job for Advocates in the same fashion.
Sources to choose the Best Lawyer in Chennai
How to find the Lawyers contact details ?. There are various methods to collect the phone numbers and addresses of Top Lawyers in Chennai. In fact, Few if they are as follow:
Bar Association directory
Friends and relatives referral
Mostly, needy people choose the best Advocates in search engines such as Google, Yahoo, or Bing. Normally an Attorney or Law firm will have a website and Law of practice in it. Moreover, Google business can get you data of Local business when you specifically search including the term “Chennai”.
Apart from these sources, Social media is indeed useful for getting the Contact details of an expert Lawyer. Of course, They socialize their profession in the Law forums.
Linkedin is also a social media platform that specializes in networking for professionals uniquely. Are you in Tamil Nadu ?. All social media show the subscriber’s details of specific cities such as Chennai, Madurai, Coimbatore, etc. This is possible by automatic detection of Location by the same token.
Bar Association directory
Everybody can get information about Advocates. Just get the member list first. Firstly, You can find members’ data of that specific bar Association in their printed directories or Blogs or websites. No doubt, One can find the merits and demerits only by getting details of previous cases.
Legal portals offer judgments and the latest amendments. Area wise Lawyers list are also available in Law portals. Chennai Advocates are well aware of Legal news portals. They subscribe as a member to get listed in their Bar pages at the same time.
Web directories for Lawyer in Chennai
Many of the general public started using Android phones. Anyone can browse Web directories through a computer or Android smartphone. Information in all the areas of business from products to Services is available in Web directories.
Every directory will have a separate sub-domain for based on the region and Cities. Since Chennai is a metropolitan city, Every web directory will have a separate sub-domain for it. whereas, In that a separate division of pages of lawyer listing.
Friends and Relatives referral
Proven records are always great on the other hand. Above all, Many people opt for this method to get details of a Good Lawyer in Chennai. The previous dealing as well as past history will reveal the performance of an Attorney or a Solicitor.
How to find the Best Lawyer in Chennai ?.
Rajendra Corporate Law Firm is one of the best Legal consultancy offices in India. Find the Top Company Litigation Advocates nearby
How to find the Top Advocates nearby work round the clock to protect our Corporate client’s interest. Of course, both Criminal laws and civil Laws involve in Company matters which includes intellectual property Law. Call the best Corporate Lawyer in Chennai 24 x 7: +91 94440 14096.