About Lawlabz

New Services

History

As a strict rule of client privacy, we have restrained from disclosure of our client’s identity.

Way Back in 2008-09

Diversified interest and legacy of 23 year olds who dared to take a niche path lead to birth of Law Labz, of course with the guidance & support of their Gurus, Parents, Mentors, Seniors, Well wishers and other likeminded friends.

Lawlabz began by researching on the legal hurdles faced by the first generation entrepreneurs or corporate due to the lack of legal set-up and why they face huge penalties, even after making humungous profits. This research was put in use practically for helping out numerous number of such corporate sunk in legal liabilities (Set right of years of non compliance).

Incidentally it was during this period in India where the enforcement of law was emphasized at all levels. Hence, Law labz rescued clients by taking appropriate legal steps and initiated legal compliance in a wholesome manner.

Challenging & complex assignments excited us the most and ongoing success in cracking legal complexities revealed the strength of the team Law Labz to the society and the bonus was & is the exemplary quality of work churned out of for every client immaterial of the size of the client. Thereby the theme of Lawlabz was coined to reflect “360O CORPORATE & SECRETARIAL SOLUTIONS”

Lawlabz has researched & made several projects with the leading corporate entity in India on expanding its business across European Union and United States of America. This legal awareness project enabled the company to understand all the nuances and legal requirements of foreign land, varieties of legal forms, visa-taxation-labour registrations, time taken for procedural compliance and gauging the total legal risks involved beforehand of penetrating the foreign countries (Project reports on Investment/expansion of business across EU & US).

Another set of interesting projects handled during the year was on due diligence study on a company listed with Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on various regulatory aspects including scrutiny of the various Joint venture, Foreign collaboration agreements entered by the company, vetting of compliances on other agreements executed by the company, reporting of disclosure under SEBI Insider trading, audit of requirements under Takeover code and other compliances. The reports were made exclusively for the purpose of management to enable them to understand the legal risk which their corporate is facing and to take preventive measures to tackle the same in way which is legal and adequate (Listed company Due Diligence).

It was during this time, Lawlabz branched out with its educational initiative called Learn Labz and its publication intitiative called OnlyThisMuch to make learning an interesting experience. Learn Labz functions on the mantra that Xperiment, Xcel! to make learning as fun and an interesting journey by remembering, recollecting and reproducing the knowledge as an everyday requirement of their training. OnlyThisMuch ensures that nothing should be learnt unless otherwise its interesting by researching on various ways to keep the reader engaged while learning (Education Division –Learnlabz & Publication initiative – Only This Much).

Apart from these celebrated assignments, Lawlabz is always into formation of new companies for entrepreneurs and maintaining a “THIS MUCH” retainership compliance contract with all our clients insuring them from basic legal risk and compliance pressures at any given point in time (Different types of incorporation including private, public, Section 25 company and various retainership company’s attached to Lawlabz).

Law Labz celebrated its first year completion with all its Gurus, Parents, Mentors, Seniors, Clients, Lecturers, Students and Well wishers with a dedication to the Almighty and resolved to celebrate the trodden path atleast once a year (Lawlabz first year celebration).

Journey during 2009-10

During the later part of 2009, Lawlabz assignments on Foreign direct investment compliances became the order of the day. At this time Reserve Bank of India was sending Show cause notice to many defaulted Multinational companies in India who received money from abroad & failed to intimate as per the new reporting requirement. Hence, Lawlabz has taken many assignments for regularizing the reporting compliances of foreign money received over a period of time. Lawlabz advised its client to proactively claim its compliances and voluntarily admit the mistakes committed, with the Authorities, Ministries and Regulators by entering into a composition arrangement for the offence in order to prevent or insure itself from all future legal actions (FEMA Compliances, compounding assignments).

One of the notable and comprehensive assignments of Lawlabz during this period was delivering a wholesome assignment on legal regularization and a route to proceed, for a multinational company who was desirous of setting up a manufacturing industry in India. As like any other start up entity, the said multinational was lenient on its legal compliance aspect but has engaged us to set it alright and we also advised them to take the Special Economic Zone (SEZ) route to set up the factory in India as the product which they were into manufacturing was reserved for Micro & Small Enterprises in India requiring licensing under Industrial laws.Right from vetting of land documents, drafting agreement with contracts, clearances from Environmental authorities, registration under labour and industrial laws and approaching Ministries, Authorities and Regulators for sanctions and presentations, Lawlabz made the multinational company all set ready for its business to take ahead the profitable and expansion route (SEZ set-up, Industrial Approvals, vetting of land documents, drafting agreement with contracts, clearances from Environmental authorities, registration under labour and industrial laws).

The first cross border deal happened, when a client of ours sought professional help in clinching a division sale-out. Lawlabz negotiated the deal with a mantra that “its only a fair deal which succeeds and sustains”. Lawlabz brought value to its Indian client by demerging and hiving off a venture in Bangladesh entity and selling it off to a Columbo based company.(Demerger)

Lawlabz has conducted many Entrepreneurship development programmes at various colleges to motivate students to start a business rather than getting a job. Lawlabz educated the students on how to start-up & the procedure, problems to be kept in mind. Also how the business can be carried out in India in an easy & law compliant manner. (CSR activites of Lawlabz).

Lawlabz has applied for variety of Micro, Small and Medium Enterprises MSME approvals. One of the interesting assignments was when a Small Enterprise got full funding from its foreign counterpart and in the process of entering the Indian soil in a compliant (legal) way was waiting to adhere all the legal requirements. Lawlabz advised the enterprise the procedures and ensured all reporting requirements were taken care of insuring them of all the legal worries (MSME creation).

Through our first two years of serving clients we understood that corporate clients in India or clients entering into India are hesitant in terms of a relation with lawyers or professionals like Company Secretaries & Cost Accountants as they fear penalties & liabilities. They also made us realize that every client’s requirement is slightly different from the other though they might come from the same industry carrying out the same activities, and that’s exactly why we add an additional pinch of care while handling all of our legal assignments and in the process achieved perfection in personalization of every client’s Legal requirement.

Lawlabz redesigned its logo and became more colorful and fresh highlighting its signature green in the logo itself and went on tuning its tag line to read as “360O PERSONALISED CORPORATE SOLUTIONS” signifying the human touch in Lawlabz solutions, which has grown over the period.

Lawlabz was into multifarious assignments and tight compliance schedules of meeting the requirements of innumerous clients before celebrating its 2nd Year in a grand way inviting leading thinkers, our Gurus, Parents, Mentors, Clients, Teachers, Students, Well wishers and more for an evening celebration with the presence of more than 200 people. Lawlabz ever devotes its blessings to the Almighty for the divine guidance.

Moving forward in 2010-11

During our third year we started offering innovative, imaginative and practical wholesome corporate legal solutions to the complex requirements of our clients through the intellectual knowledge of our associate Company Secretaries, Lawyers, Chartered/Cost Accountants and other professionals, informed by their diverse attributes, backgrounds, and experiences.

Foreign exchange compliances, reporting and approvals always remained as a special flavor of Lawlabz which require constant communications with Reserve Bank of India (RBI) and Foreign Investment Promotion Board (FIPB) of India.

Lawlabz advised & converted a company into a Non Banking Finance Company (NBFC) as they were into investing in other companies. Thereby Lawlabz became proficient on the requirement of Banking laws in India and the approvals required to convert a company into an NBFC and the regular procedural compliance requirements thereon in addition to reporting with Registrar of Companies(RoC). This process of registration was almost like a due diligence process because it required setting right all the non-compliances in the company though it was mandated by RBI.

Servicing a listed company in India was exciting and Lawlabz began drafting & vetting of Placement documents (prospectus) of company listed with Stock Exchange ensuring its compliance under various enactment in India like company laws, securities laws and requirements of stock exchanges. Advising & written opinions on securities laws (SEBI) became routine activity for Lawlabz.

Lawlabz devised strategies for listed companies for managing its group companies, holdings of promoters and investments in an efficient and compliant way. Lawlabz was into advising the board of directors of various listed companies about the requirements while handling special transactions and compliances thereof along with delivering strategic solutions. In Addition to this, there was a client who requested to prepare a complete horoscope of their company which was listed with both BSE and NSE. Horoscope of the company here means the legal compliance status of the company under company law, securities law and requirements of stock exchange and was overwhelmed by our compliance or search/status report on their company.

Ministry of Corporate Affairs (MCA) floated a Settlement Scheme to enable non-compliant corporates to regularize its compliance records (may be after taking a cue from Lawlabz services!!!). Lawlabz educated the general public and its clients to set right all their legal records & utilize the given opportunity. This scheme was supposed to provide immunity for the non-compliances committed by the corporates in the past. MCA also floated an Exit Scheme for easy exit of corporate (ie) to dissolve, liquidate and wind up the corporate entity which was no longer carrying business activities. All these schemes are fast track way to either set right the compliances or saying good bye to the non-compliances!

Lawlabz, in addition to its formation of public limited, private limited companies and Limited Liability Partnerships (LLP) in India have also started some Companies which are not-for-profit organizations. The Board of directors of its clients company has also started inviting Lawlabz for its strategic thinking and decision making to remain compliant with the law while taking decisions and laying a legal route for the organization. This has lead to the introduction of new legal product called “MUCH-MUCH” as an extended retainer solutions for ensuring regular compliances of its corporate clients.

Lawlabz after creating a strong foundation has now entered into the niche area of using Software-as-a-service to meet the demands of technology by revamping its website portal. The idea is to reach clients online anywhere anytime with the spirit of ensuring “360O PERSONALISED VIRTUAL CORPORATE SOLUTIONS”. We have spent considerable time to ensure our systems & processes are legally well equipped. We strive to maintain client secrecy and security. We look forward that this portal will give us an opportunity to understand and solve your legal requirements.

We have had innumerous challenges & continue facing newer ones. Through our journey our clients & experience gained from each of them are the most cherished ones. We have seen our good & bad, been tested several times, but the feedback and appreciation has kept us excited and motivated. There have been some tense moments and some extraordinary achievements and in the process of certainly laying a legal road in an uncertain path.