SCHOOL OF LAW

Internship Program

Submitted as per the requirement of the course curriculum of

“Internship” in School of Law for internship at
Jaikumar Tejwani & Co. LLP
from 26 th June 2023 to 21 st July 2023

Submitted by: Submitted to:

Tushar Sanjeev Gupta Internship and Placement Committee
L19BLB062 Dr. Sudha Jha Pathak & Dr. Dinesh Singh
BBA-LLB (A) 2019-24
 TABLE OF CONTENT
Contents
Acknowledgement...........................................................................................................................2
Declaration of Originality................................................................................................................3
Abstract............................................................................................................................................4
Objectives of Internship...................................................................................................................5
Nature of Work................................................................................................................................7
Tasks Assigned & Tasks Accomplished..........................................................................................9
Overall Learning Outcome............................................................................................................24
Conclusion.....................................................................................................................................26

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 ACKNOWLEDGEMENT
Before submitting my detailed report on internship, I find an opportunity to place on record my
warm gratitude towards to Prof. Dr. Pradeep Kulshreshtha, Dean, School of Law, Bennett
University, Prof. Ms. Daksha Sharma, Assistant Professor and Convenor of the Internship and
Placement Cell, Bennett University and Advocate Mrs. Gunjan Tejwani for contributing to
making this internship experience possible for me in my fourth year at Bennett University. I
would like to specially thank all members of Jaikumar Tejwani & Co. LLP from advocates,
chartered accountants, company secretaries, article writers to clerk, particularly Company
Secretary Gaurav Garg for accommodating me in the organization for 4 weeks that I interned
from 26th June 2023 to 23rd July 2023. I appreciate all the efforts made by the organization to
create an internship program for me that was filled with opportunities to attain knowledge and
experience alongside experts in the field of Corporate Law.

Tushar Sanjeev Gupta

L19BLB062

BA-LLB (A) 2019-2024

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 DECLARATION OF ORIGINALITY

I, Tushar Sanjeev Gupta, with Enrolment No: L19BLB062, Student of BA-LLB (A) 2019 - 2024
at School of Law, Bennett University, do hereby declare that the material presented in the
internship report represents original work conducted by me during my internship at Jaikumar
Tejwani & Co. LLP from 26.06.2023 to 23.07.2023.

With my signature I certify that: -

 I have not manipulated any of the data or results.

 I have not committed any plagiarism of intellectual property.
 I have clearly indicated and referenced the contributions of others.
 I have explicitly acknowledged all collaborative research and discussions.
 I have understood that any false claim will result in severe disciplinary action.
 I have understood that the work may be screened for any form of academic misconduct.

Date: 20th September 2023 Student Signature

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 ABSTRACT

This internship report summarizes my four-week internship experience in the field of corporate
law at Jaikumar Tejwani & Co. LLP, under the supervision of Advocate Mrs. Gunjan Tejwani.
The internship commenced on June 26, 2023, and concluded on July 21, 2023.

During this period, I had the opportunity to immerse myself in the dynamic and intricate world
of corporate law, gaining practical insights into various aspects of legal practice. My internship
encompassed a wide range of tasks and responsibilities, allowing me to develop a deeper
understanding of corporate law and its applications.

The report provides an overview of my daily tasks, which included legal research, case analysis,
drafting legal documents, and assisting with client consultations. I had the privilege of working
on diverse projects that covered topics such as company incorporations, labour laws, compliance
regulations, overseas investments, and more.

My time at Jaikumar Tejwani & Co. LLP exposed me to the complexities and nuances of
corporate law in India and abroad. It allowed me to observe and participate in the legal strategies
and processes employed by the firm to provide effective legal solutions to clients.

Throughout the internship, Mrs. Gunjan Tejwani's guidance and mentorship played a pivotal role
in my learning experience. Her expertise, dedication, and commitment to excellence served as a
constant source of inspiration.

In conclusion, this internship report offers a comprehensive account of my journey and the
knowledge gained during my four weeks at Jaikumar Tejwani & Co. LLP. It highlights the
practical aspects of corporate law, the challenges faced, and the valuable insights gained, all of
which have contributed significantly to my growth as a legal professional.

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 OBJECTIVES OF INTERNSHIP

1. Gain Practical Experience: To acquire practical knowledge and hands-on experience in

the field of corporate law, applying theoretical concepts to real-world legal scenarios.
2. Legal Research Skills: Develop strong legal research skills by conducting in-depth
research on various aspects of corporate law, including case laws, regulations, and
precedent-setting decisions.
3. Drafting Proficiency: Enhance drafting skills by preparing legal documents, agreements,
contracts, and opinions related to corporate matters, ensuring accuracy and adherence to
legal standards.
4. Client Interaction: Gain exposure to client interactions, participate in client meetings,
and assist in providing legal advice and solutions, understanding client needs and
expectations.
5. Compliance and Regulatory Knowledge: Understand corporate compliance
requirements and regulations in India, including the Companies Act, Securities and
Exchange Board of India (SEBI) guidelines, and Reserve Bank of India (RBI)
regulations.
6. Company Incorporation: Learn the process of company incorporation, including the
documentation, filing procedures, and compliance requirements for different types of
entities.
7. Labor and Employment Laws: Familiarize oneself with labour and employment laws,
including employment contracts, dispute resolution, and compliance with labour
regulations.
8. Overseas Investments: Explore the intricacies of overseas investments by resident
individuals, including compliance, reporting, and documentation for foreign direct
investments.
9. Legal Document Analysis: Develop the ability to analyse and interpret legal documents,
contracts, and agreements, identifying potential legal issues and solutions.
10. Case Analysis: Engage in case analysis and precedents to understand how legal decisions
impact corporate law practices and explore strategies for legal dispute resolution.

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 11. Mentorship and Guidance: Benefit from the mentorship and guidance of experienced
legal professionals at Jaikumar Tejwani & Co. LLP, learning from their expertise and
insights.
12. Ethical and Professional Conduct: Uphold the highest standards of ethical and
professional conduct in all legal activities, maintaining client confidentiality and adhering
to legal and ethical norms.
13. Networking: Build a professional network within the legal industry, connecting with
colleagues, peers, and legal experts to foster future career opportunities and
collaborations.
14. Communication Skills: Enhance communication skills, both written and verbal, to
effectively convey legal concepts, opinions, and advice to clients and colleagues.
15. Problem-Solving Abilities: Develop critical thinking and problem-solving skills to
address legal challenges and provide innovative solutions in the corporate law domain.

These objectives collectively aim to provide a comprehensive learning experience during the
internship, equipping the intern with valuable skills and knowledge in the field of corporate law.

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 NATURE OF WORK

1. Legal Research: Conduct extensive legal research on various corporate law topics,
including compliance requirements, regulatory changes, case laws, and industry-specific
regulations.
2. Document Drafting: Prepare legal documents, including contracts, agreements,
memoranda, and legal opinions, ensuring accuracy, adherence to legal standards, and
alignment with client objectives.
3. Due Diligence: Assist in due diligence processes for corporate transactions, mergers,
acquisitions, and investments, reviewing legal documents and identifying potential legal
risks.
4. Company Incorporation: Participate in the process of incorporating companies,
including drafting incorporation documents, filing applications, and ensuring compliance
with statutory requirements.
5. Contract Review: Review and analyse contracts and agreements to identify key legal
provisions, obligations, and potential risks, offering recommendations for improvements
or modifications.
6. Client Consultations: Attend client meetings and consultations, actively listening to
client needs, and assisting in providing legal advice, solutions, and recommendations.
7. Legal Document Analysis: Analyse legal documents such as deeds, wills, and contracts,
extracting critical information and evaluating their implications in corporate matters.
8. Compliance Management: Assist in ensuring compliance with various corporate laws,
regulations, and guidelines, including the Companies Act, SEBI regulations, and RBI
requirements.
9. Case Analysis: Analyse legal cases and precedents related to corporate law, extracting
relevant insights and strategies for addressing legal disputes or challenges.
10. Labor and Employment Matters: Work on labour and employment law issues,
including drafting employment contracts, handling dispute resolution, and ensuring
compliance with labour regulations.

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 11. Overseas Investments: Research and assist in understanding compliance and reporting
requirements for overseas investments by resident individuals, including documentation
and filing procedures.
12. Client Communication: Communicate legal concepts, opinions, and updates effectively
to clients and colleagues, both in writing and verbally.
13. Legal Documentation: Assist in the maintenance and organization of legal documents,
records, and files, ensuring accessibility and compliance with record-keeping
requirements.
14. Problem Solving: Engage in critical thinking and problem-solving to address legal
challenges and provide innovative solutions in corporate law-related matters.
15. Networking: Build professional relationships within the legal industry, interacting with
colleagues, peers, and legal experts, and participating in networking opportunities.
16. Ethical and Professional Conduct: Uphold the highest standards of ethical and
professional conduct, maintaining client confidentiality and adhering to legal and ethical
norms.

The nature of work during the internship provided a well-rounded experience in corporate law,
involving research, document preparation, compliance management, client interaction, and
exposure to various aspects of legal practice in a corporate law firm.

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 TASKS ASSIGNED & TASKS ACCOMPLISHED

WEEK 1:

First Day: June 26, 2023, the first day of my internship, brought forth a variety of tasks. I was
assigned to draft a query to the Reserve Bank of India concerning a new finding in the case of
Spigen India Pvt. Ltd. It was discovered that the MSME firm intended to act as a Dependent
Agent for Spigen India Pvt. Ltd.

The query contained two main questions: whether purchases from the Dependent Agent, holding
an MSME certificate, would be considered as purchases made in India (meeting the local
procurement requirement of 30% as required under the FDI Policy), and what constituted "local
procurement" according to the FDI policy. After drafting the query, I provided my opinion on the
matter to Gunjan Ma’am for review.

The day's tasks concluded with research and the identification of case laws where a company's
CEO engaged in activities resulting in wrongful losses to the company for personal and illegal
gains.

Second Day: My second day at Jaikumar Tejwani & Co. LLP, on June 27, 2023, was dedicated
to crafting procedural checklists for incorporating a wholly owned subsidiary and incorporating a
subsidiary of a foreign company in India. These checklists had to detail which documents needed
apostillation and which required notarization, considering that many of the necessary documents
would originate from foreign nations.

Subsequently, I researched and drafted the due process of a Micro, Small & Medium Enterprises
(MSME) firm, along with highlighting the benefits associated with MSME status.

The day concluded with the drafting of two essential letters. The first was a letter regarding the
withdrawal of a job offer for one of our clients, necessitated by internal company changes that
rendered the job position non-existent. The second letter addressed the return of the company's

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property, including a laptop and mobile devices, which were held by a terminated employee who
was found guilty of misconduct.

Third Day: June 28, 2023, my third day at Jaikumar Tejwani & Co. LLP, began with an in-
depth study of the first FAQ document of Foreign Liabilities & Asset Returns on the Reserve
Bank of India Web Portal. Additionally, I explored the document related to user registration on
the Foreign Liabilities & Assets Return Information (FLAIR) Portal. After completing these
tasks, I delved into specific sections of the Negotiable Instruments Act.

The day's major assignment was to prepare a document outlining the differences between a
Limited Liability Partnership (LLP), a Non-Banking Financial Company (NBFC), and a NIDHI
Company. Our client needed to decide which type of company to incorporate for the primary
purpose of investments while minimizing Reserve Bank of India's regulations and liabilities
towards stakeholders and shareholders. My recommendation was to incorporate an Investment &
Credit Company (NBFC-ICC), which primarily engages in asset finance, providing finance for
activities other than its own, and the acquisition of securities.

Fourth Day: On June 29, 2023, my fourth day as an intern at Jaikumar Tejwani & Co. LLP, I
was tasked with two assignments. First, I had to research cases with similar facts involving sister
concerns, where one person from a sister concern draws a check on behalf of one vendor against
the liability of the other sister concern for the supply of goods. When the check is presented to
the respective bank, it bounces due to insufficient funds. The key question was whether the sister
concern whose check was used could be held liable by the vendor under section 138 of the
Negotiable Instruments Act. My task was to provide case laws where the court did not fix
liability on the company whose check was drawn to the vendor as payee.

The second assignment involved researching whether a company could be formed primarily for
investment activities as its principal business purpose. If this were possible, I needed to
determine the type of company that could be formed and whether an LLP could serve this
purpose.

Fifth Day: June 30, 2023, my fifth day at the firm, began with corrections to the checklist for the
incorporation of a subsidiary in India. This included Consularized Documents Guidelines, as our

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client planning to incorporate a subsidiary in India was based in Norway, a country not part of
the Commonwealth Nations.

After completing these corrections, we were directed to download our respective filings for the
DPT-3 form and prepare the necessary forms for uploading Digital Signature Certificates (DSC)
and making payments. Additionally, we were assigned the task of thoroughly studying the
processes related to Foreign Liabilities & Assets Return Information (FLA). The due date for
filing FLA was approaching, set for July 15, 2023. We also received tasks to prepare for the
upcoming FLA meeting scheduled for Saturday.

WEEK - 2

Sixth Day: July 3, 2023, marked my sixth day as an intern at Jaikumar Tejwani & Co. LLP. The
primary task for the day was to prepare a document outlining all the necessary requirements for
establishing a partnership firm in the National Capital Territory (NCT) of Delhi. The firm in
question would have a total of six partners, and I was required to outline both the advantages and
disadvantages of registering and not registering a partnership separately.

Following this assignment, I addressed the issue of converting an unsecured loan to equity shares
when neither a special resolution was passed in advance in the meeting of the Board of Directors
(BOD) of the company nor the loan contained relevant terms before the loan was issued from the
creditor(s).

Lastly, I was tasked with drafting a complaint letter to the Ombudsman of the Reserve Bank of
India. This was on behalf of a client whose information was leaked by Indian Bank, Varanasi
Branch, to an unauthorized person or rival company. The leaked information was used
unlawfully for personal gains.

Seventh Day: My seventh day at Jaikumar Tejwani & Co. LLP, on July 4, 2023, began with the
task of updating and editing an article on "Foreign Direct Investment Policy on Single Brand
Retail Trading." This article required the incorporation of the latest provisions of the FDI Policy
and Foreign Exchange Management Act.

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Following this assignment, we were tasked with studying the labour laws of the United Arab
Emirates (UAE) thoroughly. Our goal was to prepare a questionnaire for an establishment in the
UAE regarding the terms and conditions of employment for their workers. This included details
about salary, working conditions, occupational safety, health conditions, maternity leave,
compensations, Mediclaim, house rent allowances, and more. We referred to Federal Decree
Law No. (33) of 2021 and Cabinet Resolution No. (1) of 2022 on the Implementation of Federal
Decree-Law No. (33) of 2021 regarding the regulation of labour relations, which we found on
the United Arab Emirates Ministry of Human Resource & Emiratisation Website.

Additionally, I was assigned the task of going through the laws of British Columbia, Canada,
pertaining to network marketing. Our firm needed to draft a Code of Conduct for a company
involved in network marketing. I was also tasked with preparing a questionnaire for this
company to gather important information required for drafting the Code of Conduct.

Eighth Day: On July 5, 2023, my eighth day of internship at Jaikumar Tejwani & Co. LLP, I
was assigned the task of updating the Handbook for one of our client's companies, "Dynamic
Laundry Services FZ-LLC," located in Dubai, United Arab Emirates. The main objective was to
review the entire Handbook and make changes to outdated laws, replacing them with updated
ones based on Federal Decree Law No. (33) of 2021 and Cabinet Resolution No. (1) of 2022,
which pertains to the implementation of Federal Decree-Law No. (33) of 2021.

Additionally, I had to prepare a questionnaire for the client's proposed company to be set up in
Dubai, United Arab Emirates. This questionnaire was structured in a tabular format, including
columns for Question Number, Questions (Subjective), and Response (Open-Ended Text
Response).

The last task of the day involved reading about the annual compliances of different types of
companies under the Companies Act, 2013.

Nineth Day: My nineth day at the firm, on July 6, 2023, began with extensive research on Gujrat
International Finance Tech City (GIFT City). After gathering comprehensive information about
GIFT City, I was tasked with drafting various documents and preparing checklists for one of our
clients who wished to incorporate a company under this ambitious project in India. These

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documents aimed to answer several queries of our client, including an explanation of what GIFT
City is, the sectors of business it is open to, the types of companies that can be incorporated
there, the benefits and tax incentives offered to companies, and the process of doing business at
GIFT City.

All the documents I created were submitted for cross-checking by Gunjan Ma'am before being
sent to the client.

Tenth Day: July 7, 2023, marked my thirteenth day of internship at Jaikumar Tejwani & Co.
LLP. The day began with a review of all the documents related to GIFT City that were created
the previous day. After this review, we were given a complex issue to research. One of our client
companies had received a legal notice from the Employee State Insurance Corporation (ESIC)
demanding various documents related to the company's books and ESI contributions for
employees of a vendor firm that they had hired for marketing and advertisements.

The central research question was whether our client company was liable to contribute to the
Employees' Provident Fund (EPF) and Employee State Insurance (ESI) of the employees of
another vendor company simply because they had rendered services to them, for which they
were paid on time. This required thorough research as our client was unsure why they were being
asked to pay EPF and ESI for individuals who were not directly employed by them.

WEEK 3:

Eleventh Day: Continuing from the previous day, July 10, 2023, marked my eleventh day at
Jaikumar Tejwani & Co. LLP. The primary task for the day was to delve deeper into the issue of
ESI and EPF contributions raised by our client. We reached out to the customer care of the
Employee State Insurance Corporation (ESIC) and were directed to the New Delhi ESI
Headquarters for further resolution of our query.

After discussing the question posed by our client with the ESIC representatives, we were
informed that only the company that had employees registered and employed under their name
was liable to contribute to their employees' EPF and ESI. Therefore, our client was not required
to contribute towards the EPF and ESI of the vendor's employees who had worked for them.

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However, we continued our research to gain more substantial clarity on this issue, and we were
directed by Gunjan Ma'am to read the ESI Act of 1948 for further confirmation.

We were asked to continue our research work and provide case laws related to the same for an
update to Ma'am on the following day.

Twelfth Day: On my twelfth day at the firm, on July 11, 2023, our research on the issue of ESI
and EPF contributions continued. We came across a significant case that shed light on the matter.
In the case of "The Managing Director, Hassan Co-operative Milk Producer’s Society Union
Limited Versus the Assistant Regional Director, Employees State Insurance Corporation," it was
established that employees employed by a contractor to the principal employer were not covered
under the definition of employees under the ESI Act. Consequently, the employer did not have
the liability to contribute to their ESI and EPF.

This case was relevant to our client's situation because the employees of our vendor were not
physically present on the premises of our client's company. They were engaged in online
marketing and advertisements, and while our client was the principal employer, these individuals
were technically employed by their respective establishments. Therefore, they should not be
considered employees of our client, and our client should not be liable for their EPF and ESI
contributions.

Additionally, we were tasked with determining whether professional consultancy firms came
under the ambit of the EPF and ESI Act. I provided a case law, "Pithavadian v. ESI Corp.,"
which indicated that our client did not fall under the scope of these acts and was thus not liable to
contribute towards the health and occupational security of the vendor's employees who were
hired for advertisement and marketing services.

Thirteenth Day: On July 12, 2023, my thirteenth day of internship at Jaikumar Tejwani & Co.
LLP, I was tasked with addressing the ongoing ESI (Employee State Insurance) and EPF
(Employees' Provident Fund) issue. My assignment was to draft an explanatory note to present
before the Employee State Insurance Corporation (ESIC) Headquarters in New Delhi. This note
aimed to present all the relevant case laws and points from ESI Rules that supported our client's
case against the liability to contribute towards the employees' health and occupational security.

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Once I completed the draft, it was sent to our senior colleagues for further proofreading and
corrections. Following this, we revisited the Spigen Query and were instructed to draft a
comprehensive legal opinion on the 30% local sourcing norm as per India's consolidated FDI
(Foreign Direct Investment) policy. Additional information that needed to be included in the
document was provided. After drafting the document, we reported to Gunjan Ma'am for her
review and any necessary corrections.

Fourteenth: July 13, 2023, marked my fourteenth day at the firm. My tasks for the day included
drafting an agreement in which a startup was to issue advisory equity shares to a consultancy
company, valued at a total of INR 10,00,00,000, in exchange for their advisory services.
Furthermore, I was instructed to explore ways to issue such shares with minimal tax
implications. This involved finding the most suitable type of shares to be allotted and outlining
the allotment procedure to minimize the 18% tax on the total share amount.

I also had to review an updated draft sent by Gunjan Ma'am from the previous day and provide
any necessary corrections. Lastly, I was assigned the task of preparing a LinkedIn post on an
article titled "Misdescription of Property in A Will – Does It Render the Will Invalid?"

Fifteenth Day: My fifteenth day at the firm, on July 14, 2023, began with studying the Shop and
Establishments Act of Uttar Pradesh. While the act was available for Uttar Pradesh, it was
missing for Arunachal Pradesh. Therefore, my task was to identify the statutory authority that
governs establishments and shop registration in Arunachal Pradesh.

Following this, I was instructed to contact the corporate relations team of 24 Seven Stores, which
are currently present in Delhi-NCR, Punjab, Haryana, and Hyderabad. I was tasked with
inquiring about how to run 24 SEVEN Stores in Gorakhpur, Uttar Pradesh, and Itanagar,
Arunachal Pradesh.

Additionally, an urgent assignment came up in which I was required to research and report on
"Trade Dress." Lastly, I was directed to contact local authorities in Gorakhpur to gather more
information about the required documents for obtaining permission from the Archaeological
Survey of India (ASI) for the concerned area in Gorakhpur.

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WEEK 4:

Sixteenth Day: On July 17, 2023, my sixteenth day of internship, my tasks involved preparing a
draft for a LinkedIn post on a recent article. The article discussed a 1% transfer duty hike for
Delhi properties over INR 25,00,000, which had been implemented by authorities on July 14,
2023.

Additionally, I was required to study the nature, procedure, and reasons for filing e-Form MGT-
14 and e-Form DIR-12. This was crucial as our client companies had upcoming deadlines for
filing these forms as part of their annual compliances. Furthermore, one of our client companies,
CONXAI PVT. LTD., expected one of their director's resignations in the coming days, so it was
essential to understand the procedures involved.

Lastly, I was assigned to study the annual compliances of companies under the Companies Act,
2013, and to research the differences between Non-Banking Financial Institutions and Micro
Finance Platform Companies in India.

Seventeenth Day: July 18, 2023, my seventeenth day at Jaikumar Tejwani & Co. LLP, began
with a research task. I was asked to search for cases with similar facts to one of our client's cases.
In this particular case, the Regional Director, Northern Region, had issued an order against them
under Section 16(1)(b) of the Companies Act, 2013, stating that the client's company must
change its name other than the prefix "LDPL."

The research goal was to find cases where only the acronym used by another company, whose
self-name was also opposed by other entities in trademark intellectual property (IP), would the
previous order be set aside, allowing the other company to incorporate their business with the
contested name. Additionally, we needed to investigate whether the order passed by a Regional

16
Director could be challenged by the aggrieved party, and if so, what the competent court or
tribunal for such challenges would be, along with the due procedure.

Eighteenth Day: On July 19, 2023, my eighteenth day of internship, I continued my research on
case laws that could be favourable to our client's case. We came across various cases where
orders by the regional director were challenged in an appeal through a writ petition in High
Courts (before the National Company Law Tribunal era) and in NCLT after 2016. The most
relevant case for our needs was "M/S Bhagwan Das Khanna Jewellers v Union of India and Ors"
at the Delhi High Court. In this case, a company name rectification order was suspended because
the petitioner, who had filed a writ in 2011, later became a defendant in a trademark
infringement action over the same impugned trade name. Since the infringement court found the
use of the company name to be infringing, the writ court's order was suspended.

Following this research, we moved on to preparing a GAP Report for our Dubai client,
"Dynamic Laundry Services FZ-LLC." The report aimed to compare the client's employment
contract terms and practices with the new labour laws, Federal Decree Law No. (33) of 2021,
and Cabinet Resolution No. (1) of 2022 issued by the United Arab Emirates Ministry of Human
Resources and Emiratisation. The report was created and promptly presented to our legal
advisor, Gunjan Ma'am.

Nineteenth Day: July 20, 2023, marked my nineteenth day at the firm. The day began with the
filing of a DIR-12 form for Conxai Technologies India Pvt. Ltd., as one of their directors, Murali
Krishna Sridhar, resigned from the post of director. This filing was necessitated by the cessation
of a director as per Section 168 of the Companies Act, 2013.

I was then assigned to digitally sign form MGT-14 for Hoya Medical India Pvt. Ltd., using the
digital signature certificates (DSCs) of their director and the Chartered Accountant from our
firm, Mr. Kamal Tejwani. Once the form was duly digitally signed, the PDF form was uploaded
and submitted on the MCA (Ministry of Corporate Affairs) web portal, and the required fees
were paid.

Subsequently, I was tasked with preparing a document outlining all the possible actions that a
Non-Banking Financial Company (NBFC) can take against a startup that has defaulted on

17
payments of several EMIs for an INR 1,00,00,000 unsecured loan used for debt financing.
Additionally, I was asked to carefully review the GAP Analysis Report that I had prepared for
Dynamic Laundry Services FZ-LLC the previous day.

Twentieth Day: My twentieth day final day of the summer internship, on July 21, 2023,
involved preparing a Statement of Purpose (SOP) for a client company's due diligence, to be
conducted by our legal advisor, Mrs. Gunjan Tejwani. To accomplish this, I was required to read
the "Think Tank Recommendations on Corporate Governance for Indian Start-ups," which is
published in the latest version of the G20 Summit. This reading was crucial for a better
understanding of the contents and required documents for due diligence on a company in the
legal realms, both pre- and post-incorporation.

Following this, I was tasked with researching the requirements and procedures involved if a
sister wanted to gift a floor of their residential building to her brother. This included
investigating the applicable stamp duty, registration fees, other fees, and which registrar should
be contacted for the transaction, considering the house is situated in Greater Kailash, New Delhi.
It also involved exploring any special provisions and exemptions in fees if the donor and donee
were in a blood relation.

This marked the conclusion of my internship with Jaikumar Tejwani & Co. LLP, and I had
gained valuable insights and practical experience in various aspects of corporate law and legal
research during my time with the firm.

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 OVERALL LEARNING OUTCOME

1. Comprehensive Understanding of Corporate Law: Developed a thorough

understanding of corporate law principles, regulations, and compliance requirements,
including the Companies Act, SEBI regulations, and RBI guidelines.
2. Legal Research Skills: Enhanced research skills to efficiently gather, analyse, and
synthesize legal information from various sources, enabling informed decision-making
and legal problem-solving.
3. Document Drafting Proficiency: Acquired the ability to draft a wide range of legal
documents, including contracts, agreements, memoranda, and legal opinions, with
precision and attention to detail.
4. Due Diligence Expertise: Gained practical experience in conducting due diligence for
corporate transactions, mergers, and acquisitions, with the capability to identify potential
legal risks and provide recommendations.
5. Contract Review and Analysis: Developed skills in reviewing and analysing contracts
and agreements to extract critical provisions, assess legal implications, and offer valuable
insights for negotiation and drafting.
6. Client Interaction and Communication: Improved communication skills, both written
and verbal, for effectively engaging with clients, attending consultations, and delivering
legal advice and solutions.
7. Corporate Compliance Management: Learned to navigate the complexities of
corporate compliance, ensuring adherence to legal requirements and guidelines governing
corporate entities.
8. Case Analysis and Precedent Evaluation: Gained experience in analysing legal cases
and precedents, enabling the application of legal strategies and principles to address
corporate legal challenges.
9. Labor and Employment Law Proficiency: Developed competence in handling labour
and employment law matters, including drafting employment contracts, managing
disputes, and ensuring compliance with labour regulations.

19
 10. Knowledge of Overseas Investments: Acquired knowledge of compliance and reporting
requirements for overseas investments by resident individuals, including documentation
and filing procedures.
11. Legal Problem-Solving Skills: Cultivated critical thinking and problem-solving abilities
to address complex legal issues and provide innovative solutions in the corporate law
context.
12. Professional Networking: Build a professional network within the legal industry,
connecting with colleagues, peers, and legal experts, and participating in networking
opportunities.
13. Ethical and Professional Conduct: Embrace the highest standards of ethical and
professional conduct, upholding client confidentiality and adhering to legal and ethical
norms throughout legal practice.
14. Documentation and Record-Keeping: Developed proficiency in maintaining and
organizing legal documents, records, and files, ensuring accessibility and compliance
with record-keeping requirements.
15. Overall Legal Competence: Attained a well-rounded understanding of the practice of
corporate law in a legal firm, enabling the application of legal knowledge and skills to
real-world corporate legal scenarios.

This internship provided a strong foundation in corporate law, preparing interns to navigate the
complexities of corporate legal practice with competence, ethics, and professionalism.

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 CONCLUSION

My four-week internship at Jaikumar Tejwani & Co. LLP in the field of corporate law has been
an enriching and invaluable experience. During this period, I had the privilege of working under
the guidance of Advocate Mrs. Gunjan Tejwani, whose mentorship, expertise, and commitment
to legal excellence have significantly contributed to my professional growth. This internship has
provided me with an opportunity to gain practical insights into the dynamic and complex world
of corporate law.

One of the primary objectives of this internship was to develop a comprehensive understanding
of corporate law, and I can confidently state that this goal has been achieved. Through hands-on
experience, I have delved into various aspects of corporate law, including but not limited to the
Companies Act, SEBI regulations, and RBI guidelines. I have been exposed to a diverse range of
legal matters, from contract drafting and review to due diligence and compliance management.
This exposure has allowed me to witness firsthand how legal principles are applied to real-world
corporate scenarios.

A significant highlight of this internship has been the opportunity to enhance my legal research
skills. I have learned to navigate through extensive legal databases, analyse case laws, statutes,
and regulations, and extract relevant information critical for addressing legal issues. These
research skills have proven to be invaluable, not only for me as an intern but also for providing
valuable insights to the legal team at Jaikumar Tejwani & Co. LLP.

The internship has also honed my document drafting proficiency. I have had the privilege of
drafting various legal documents, including contracts, agreements, memoranda, and legal
opinions. This hands-on experience has instilled in me a keen eye for detail, precision in
language, and an understanding of the importance of clarity in legal documents.

Conducting due diligence for corporate transactions and mergers has been another vital aspect of
my internship. I have learned to identify potential legal risks, assess compliance with regulations,
and provide recommendations to mitigate these risks. This exposure has reinforced the
significance of thorough due diligence in corporate decision-making.

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I have also developed skills in contract review and analysis. Understanding complex contractual
terms, interpreting their legal implications, and providing constructive feedback for negotiation
and drafting have been part of my daily tasks. These skills are crucial in ensuring that corporate
agreements align with the best interests of our clients.

Client interaction and communication have played a pivotal role in my internship experience. I
have had the privilege of attending client consultations, contributing to legal advice, and
facilitating communication between clients and the legal team. This has enhanced my ability to
effectively communicate legal concepts to clients, fostering trust and confidence in our services.

Corporate compliance management has been a recurring theme throughout my internship. I have
gained insights into the complexities of compliance, ensuring that corporate entities adhere to
legal requirements and guidelines. This experience has emphasized the importance of staying
updated with regulatory changes and proactively addressing compliance issues.

Moreover, I have learned to analyse legal cases and precedents, applying legal strategies and
principles to address corporate legal challenges. This skill has enabled me to approach legal
problem-solving with a more informed and strategic perspective.

In addition to corporate law, I have had the opportunity to explore labour and employment law
matters, including drafting employment contracts, managing disputes, and ensuring compliance
with labour regulations. This has broadened my legal knowledge and allowed me to assist clients
in addressing employment-related issues.

Furthermore, my exposure to overseas investments and compliance requirements for resident

individuals has expanded my understanding of international corporate transactions and cross-
border legal considerations.

Throughout this internship, I have cultivated critical thinking and problem-solving abilities,
which are essential in addressing complex legal issues. The practical experience gained at
Jaikumar Tejwani & Co. LLP has not only enriched my legal knowledge but also honed my
ability to provide innovative and effective legal solutions.

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This internship has also emphasized the significance of ethical and professional conduct in the
legal profession. I have consistently upheld the highest standards of ethics and professionalism,
ensuring client confidentiality and adherence to legal and ethical norms. These principles will
remain central to my legal practice.

In terms of professional networking, I have had the opportunity to connect with colleagues,
peers, and legal experts within the industry. Participating in networking opportunities has
broadened my perspective and provided valuable insights into the legal profession.

Lastly, I have developed proficiency in documentation and record-keeping, ensuring that legal
documents, records, and files are organized, accessible, and compliant with record-keeping
requirements. This skill is fundamental in maintaining the integrity of legal documentation.

In conclusion, my internship at Jaikumar Tejwani & Co. LLP has been a transformative
experience. It has equipped me with a well-rounded understanding of corporate law and the
practical skills required in the legal profession. I am deeply grateful for the guidance,
mentorship, and support provided by Advocate Mrs. Gunjan Tejwani and the entire legal team.
This internship has reaffirmed my passion for corporate law and has prepared me to embark on a
promising legal career with confidence and competence. I look forward to applying the
knowledge and skills acquired during this internship to contribute effectively to the legal field in
the future.

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 ANNEXURE

Internship Certificate

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