Corporate Law

What We Do

Our corporate work includes:

• Choice of business structure, and incorporation of private limited companies, one person companies and LLPs
• Conversion of partnership firms and private companies into LLPs, and other changes in structure
• Drafting and amending memoranda and articles of association, LLP agreements and shareholders' agreements
• Board and shareholder meetings, resolutions, minutes and statutory registers
• Annual filings with the Registrar of Companies, and event-based filings such as changes in directors, capital and registered office
• Corporate governance advisory for boards, independent directors and promoters
• Employee stock option plans (ESOPs)
• Regulatory compliance, including the POSH Act, the Digital Personal Data Protection Act, 2023 and legal metrology
• Insolvency and Bankruptcy Code matters before the NCLT

Choosing a Business Structure

The right structure depends on ownership, liability, funding plans and compliance capacity. The most common options are:

• Private limited company: a separate legal entity with limited liability, suited to businesses that plan to raise investment or issue ESOPs. It requires at least two directors and two shareholders, and carries the highest compliance load.
• Limited liability partnership (LLP): limited liability with a lighter compliance framework than a company. It suits professional firms and closely held businesses that do not plan to raise equity investment.
• One person company (OPC): a company with a single shareholder. It suits sole founders who want limited liability.
• Partnership firm: governed by the Indian Partnership Act, 1932. It is simple to set up, but the partners' liability is unlimited.

Ongoing Compliance

Incorporation is the start of a company's or LLP's obligations, not the end. Companies must hold board meetings and an annual general meeting, maintain statutory registers, file financial statements and annual returns with the Registrar of Companies, and complete annual KYC for their directors. LLPs file an annual return and a statement of account and solvency each year. Missed filings attract additional fees and penalties, and can lead to directors being disqualified. We maintain compliance calendars for clients and handle filings as they fall due.

Governance and Board Advisory

We advise boards, promoters and independent directors on directors' duties, related party transactions, board processes and shareholder rights under the Companies Act, 2013, and on governance frameworks that keep pace with a growing business.

Frequently Asked Questions

Should I register a company or an LLP?
It depends on your plans. A private limited company is generally preferred if you intend to raise equity investment or offer ESOPs. An LLP offers limited liability with lighter compliance and suits businesses that will remain closely held.

Can a partnership firm be converted into an LLP?
Yes. A partnership firm can be converted into an LLP under the Limited Liability Partnership Act, 2008, with its assets, liabilities and contracts transferring to the LLP.

What happens if annual filings are missed?
Late filings attract additional fees for each day of delay, and continued default can lead to penalties for the company and its officers, and to directors being disqualified. Overdue filings should be regularised as early as possible.

Do private companies need an independent director?
Most private companies do not. Independent directors are mandatory for listed companies and for certain classes of public companies under the Companies Act, 2013.

Reviewed by Richa M. Goyal, Managing Partner. Last reviewed: October 2026.