Pune | 23 Jun, 2020 (1 month, 1 week ago)

Contracts & Legal Documentation / Agreements

Can I participate in Startup India program on behalf of a LLP while I'm employed

I am working in a MNC firm and I have already incorporated a LLP. We are two active partners working in the same MNC. The LLP is incorporated in the names of our close relatives. Our company contract says that we can neither be gainfully employed nor work Honorary or remunerative. Now we want to participate in a program from Startup India. Will it be a ok if we both, the active partners participate as a part of the LLP? What will be the legal complications?
Answers
23 Jul, 2020 | 10:32

No. You would be violating your employment contract and would be attracting penal consequences for the same.


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