The Stayzilla episode raises questions over the regulations around the closure of a business, says Sudipto Dey. Illustrations: Uttam Ghosh/Rediff.com Which laws govern closing down a start-up business? The applicable law will depend on the nature of the start-up. If incorporated as a company, it will be governed by the Companies Act, 2013. If set up as a limited liability partnership, it will be covered by the LLP Act, 2008. The definition of start-up, as provided by the ministry ... Rediff.com, 1 month ago
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