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Each clause is rated, and the Act and section are named beside the finding.

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SHA_Vrishtal_Kanoverra.docx
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Page 14
1.

Parties.

This Shareholders’ Agreement is made between Vrishtal Kanoverra Private Limited, a company incorporated under the Companies Act, 2013, with its registered office at Unit 14, Kanoverra Chambers, Vrishtal Marg, Pune 411045 (the “Company”); Ravelika Dhonsarkar of Flat 2A, Dhonsar Residency, Ilvara Lane, Mumbai 400058 and Anvesh Kurtavalli of House 7, Kurtaval Enclave, Bengaluru 560034 (the “Founders”); and Marvanth Ishovar Capital, a partnership firm with its office at Office 11, Ishovar Arcade, Marvanth Road, Kochi 682011 (the “Investor”). This agreement is governed by Indian law.

9.

Indemnity.

The Founders shall indemnify Marvanth Ishovar Capital against losses arising out of a breach of the warranties, without limitation as to amount.

Comments: The indemnity has no monetary cap and survives without a time limit.

High: Indian Contract Act, 1872, Sections 73 and 74
14 | P a g eEnglish (India) • Shareholders’ agreement

The parties and addresses in this illustration are fictional. The agreement is governed by Indian law. Choose a feature to hold the window on it.

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A finding names the Act, section, or rule. GST notices under sections 73 and 74 are worked to the date. Stamp duty, rent, and RERA are read with the state statute that applies.

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WHO IT HELPS

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Law firms

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IN THE OPEN FILE

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Each clause is rated High, Medium, or Low. The Act, section, or rule is named beside the finding.

Fixes as tracked changes

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