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Startup founders in India who siphon off company funds—whether by misappropriation, diversion of investor money, or personal enrichment—can face serious legal, regulatory, and criminal consequences under multiple Indian laws. Here’s a breakdown of the key regulatory issues and penalties they may face: 🔴 1. Corporate Mismanagement under Companies Act, 2013 Key applicable sections: Section 447: […]
Introduction: In the dynamic world of startups, where innovation and ambition converge, the journey from idea to success is often marked by collaboration and shared vision. At the heart of this collaborative effort are the founders – individuals who bring their unique skills, expertise, and passion to transform a concept into a viable business. While[…..]