Legal Info

Legal Info

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Legal Information for Megamotive Private Limited

Last Updated:24/12/2024

I. Introduction and Purpose

This Legal Information section lays out comprehensive disclosures, regulatory compliance statements, corporate details, and statutory information for Megamotive Private Limited (“Megamotive”, “the Company”, “we”, “our”, “us”), a private limited company duly incorporated and operating under Indian law. This document serves to inform website visitors, customers, clients, business partners, investors, regulatory authorities, and the general public about the legal structure, operational framework, statutory compliance status, and regulatory adherence of Megamotive Private Limited, as required by the Companies Act, 2013, and other relevant legislation.

This legal section is designed to:

  • Demonstrate transparency and accountability in the Company’s operations;

  • Comply with the mandatory website disclosures required by Indian Company Law, Information Technology Law, and Consumer Protection Law;

  • Provide clarity on company ownership, management, regulatory status, and corporate governance;

  • Ensure that all stakeholders are aware of the fundamental legal rights, responsibilities, and procedures relevant to interactions with Megamotive Private Limited;

  • Support due diligence efforts by customers, investors, and government agencies;

  • Set forth relevant policies regarding user data, content, intellectual property, and dispute resolution.

II. Corporate Identity & Statutory Disclosures

1. Company Name and Status

  • Full Legal Name: Megamotive Private Limited

  • Type of Entity: Private Limited Company (Limited by Shares)

  • Incorporation Status: Active

  • Sector: Real Estate

2. Registration & Corporate Details

  • Date of Incorporation: 30 October 2024

  • Corporate Identification Number (CIN): U70200DL2024PTC438337

  • Registered Office Address:
    Prop. No. 55, Second Floor, Saidulajaib,
    New Delhi, Delhi, India, 110030

  • Authorized Share Capital: ₹1,00,000 (Rupees One Lakh only)

  • Paid-up Share Capital: ₹1,00,000 (Rupees One Lakh only)

  • Registrar of Companies (ROC): Delhi

3. Contact Information
4. Principal Business Activities

  • Primary Sectors of Operation: Real Estate, property development, and allied business activities as authorized by the Company’s Memorandum of Association (MOA) and Articles of Association (AOA).

  • The Company may also engage in additional lawful activities as approved by the Board of Directors and permitted by regulatory authorities.

NOTE: The statutory information about incorporation can be cross-checked with the Ministry of Corporate Affairs (MCA), Government of India, at https://www.mca.gov.in.

III. Statutory Compliance Statements

1. Incorporation & Compliance

Megamotive Private Limited is a company incorporated and regulated under the Companies Act, 2013. The Company is subject to and operates in accordance with all Indian statutory and regulatory requirements, including (but not limited to):

  • The Companies Act, 2013

  • Income Tax Act, 1961

  • Goods and Services Tax Act (GST), 2017 (if applicable)

  • Information Technology Act, 2000 and the IT (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011

  • Digital Personal Data Protection Act (DPDP), 2023

  • Consumer Protection Act, 2019

  • Other sectoral regulations, municipal laws, and guidelines relevant to its business operations

2. Statutory Filings & Corporate Governance

  • Megamotive Private Limited ensures timely, accurate reporting and filing of annual returns, financial statements, and other regulatory documents as mandated by ROC and other state and central authorities.

  • The Company follows good governance practices, including maintenance of statutory registers, record-keeping, and regular board meetings.

  • Annual General Meetings (AGMs) and Board Meetings are held as per the applicable provisions of the Companies Act, 2013.

3. Taxation & Government Registrations

  • The Company possesses valid Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

  • GST registration is obtained as per applicable turnover thresholds under the GST Act. The GSTIN will be displayed on invoicing and relevant transaction documents.

IV. Website, Domain, and Content Disclosures

1. Website Ownership

This website (megamotive.in) is wholly owned and operated by Megamotive Private Limited, Registered in India, and managed by its appointed directors and authorized officers.

2. Domain Registration

The megamotive.in domain name is registered and maintained in the Company’s name for its exclusive use.

3. Content Responsibility and Accuracy

All information, content, images, text, audio, video, and other material displayed on the website is the responsibility of Megamotive Private Limited. While efforts are made to ensure accuracy, the company does not warrant that all information is current or error-free.

V. Intellectual Property Rights (IPR)

1. Ownership

All content, graphics, design, logo, software, photographic images, text, trademarks, service marks, copyrights, and any other intellectual property displayed on this website are the sole and exclusive property of Megamotive Private Limited, unless otherwise specifically attributed.

2. Use of Content

  • No content from this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way without the prior written permission of the Company.

  • Use of the Company’s name, logo, and other proprietary marks without express authorization is strictly prohibited.

3. Trademarks and Third-party Content

Certain product and company names displayed on the website may be the trademarks of their respective owners. Use of such marks is done solely for factual representation or illustration, and does not imply any affiliation unless specifically stated.

VI. Data Protection and Privacy

1. Regulatory Adherence

Megamotive Private Limited fully complies with the Information Technology Act, the IT Rules on Sensitive Personal Data or Information (SPDI), and the Digital Personal Data Protection (DPDP) Act, 2023.

2. Data Collection and Management

  • The Company collects only such personal information as is necessary for lawful business operations and to improve user experience.

  • Types of data collected may include name, email address, contact number, physical address, browser and device information, usage data, and transactional information.

  • For detailed information, refer to the Company’s Privacy Policy.

3. Data Protection and Security

  • Strict security standards and encryption protocols are employed to safeguard personal and sensitive data stored within our systems.

  • The Company does not sell personal data to any third party. Data sharing (if any) is strictly in conformity with applicable law and for legitimate business purposes.

4. Users’ Rights

  • Users may, at any time, request access to their personal data, rectification, or deletion thereof, subject to statutory exceptions.

  • Users are entitled to know the purpose, manner, and extent of data processing.

5. Cookies and Online Tracking

  • The website uses cookies purely for session management, security, and user experience enhancement. Users may reject cookies but some website functionality may become unavailable.

6. Data Retention

  • Data is retained only as long as necessary for the stated purpose or as required by applicable law, after which data is securely deleted or anonymized.

VII. E-Commerce, Business Transactions, and Digital Records

1. Commercial Operations

If the website is used for commercial transactions (e.g., sale of products/services, online bookings), the following additional points apply:

  • All transactions are conducted in compliance with the applicable provisions of the Consumer Protection Act, Electronic Transactions standards, and GST and financial guidelines.

  • All prices will be displayed inclusive of any applicable taxes and charges.

  • Users will get invoices and transaction records on request.

2. Payment Gateways & Digital Transactions

  • Payments made via secure payment gateways are processed as per the highest standards of PCI-DSS and RBI Guidelines.

  • The Company does not store sensitive card or payment information on its servers unless specifically authorized by the user and supported by robust encryption.

3. Record of Transactions

  • The Company keeps appropriate records of every transaction, in accordance with Indian financial regulations and tax laws.

VIII. Disclaimers and Limitations of Liability

1. General Disclaimer

  • All content and services on the megamotive.in website are provided on an “as is” and “as available” basis. While the Company endeavors to keep the content accurate and up-to-date, no warranty or guarantees are made regarding accuracy, completeness, reliability, currency, or suitability for any particular purpose.

2. Limitation on Damages

  • Megamotive Private Limited, its affiliates, directors, employees, or agents shall not be liable to any party for any direct, indirect, incidental, special, consequential, or punitive damages whatsoever, including loss of use, data, or profits, arising from the use of this website or any failure in performance.

IX. Third-Party Content, Hyperlinks, and External References

1. Embedded and Linked Content

  • The website may contain external links and embedded content from third parties (such as partner sites, news feeds, social media platforms). Such content is governed entirely by the terms, privacy policies, and practices of the respective third parties.

  • Megamotive Private Limited is not responsible for, nor does it endorse, any third-party site’s content, practices, advertisements, or services.

X. Corporate Social Responsibility and Sustainability

1. CSR Policy

  • As per the Companies Act, 2013 (applicable after reaching prescribed turnover/net worth/profit thresholds), Megamotive Private Limited shall formulate and publish its Corporate Social Responsibility (CSR) Policy as and when statutorily required.

  • The Company is committed to ethical business, transparency, and contributing positively to community and stakeholder interests.

XI. Anti-bribery, Anti-corruption, and Whistleblower Policy

1. Zero Tolerance for Bribery and Corruption

  • The Company is committed to upholding the highest standards of integrity and transparency, and adopts a strict zero-tolerance policy towards bribery, corruption, or any unlawful inducement.

2. Vigil Mechanism/Whistleblower Policy

  • Mechanisms are in place for employees and stakeholders to report suspected wrongdoing or illegal activity in confidence to the designated officers.

XII. User Obligations and Code of Conduct

  • Users must act only in accordance with applicable law, the company’s Terms of Service, and this Legal Information while interacting with the website or conducting business with the Company.

  • Abuse, illegal conduct, unauthorized access, or content misuse are grounds for exclusion and possible legal prosecution.

XIII. Dispute Resolution and Jurisdiction

  • Any disputes or differences arising out of or in connection with this website, its content, products, or business operations shall be subject to the exclusive jurisdiction of the courts at New Delhi, India, unless otherwise mutually agreed upon in writing.

  • The governing law shall be the Laws of India, as applicable to contracts performed within its territory.

XIV. Regulatory Authorities and Grievance Redressal

1. Regulatory Authorities

  • Ministry of Corporate Affairs (MCA) for company affairs

  • Ministry of Electronics & Information Technology (MeitY) for data protection and IT matters

  • Consumer Affairs (if transactions are involved)

  • Other sectoral regulators as applicable

2. Grievance Redressal

Any user, customer, or stakeholder having grievances relating to company operations, data privacy, or other matters may contact the Grievance Officer:

  • Grievance Officer: Aditya Kumar

  • Email: aditya@megamotive.in

  • Postal Mail: Prop. No. 55, Second Floor, Saidulajaib, New Delhi, Delhi, 110030

All grievances will be acknowledged and addressed in accordance with the timelines specified by law.

XV. Policy Amendments and Review

  • The content of this Legal Information section is reviewed and updated regularly.

  • Any major amendments will be notified appropriately. All changes will be effective from the date of posting on the website, unless otherwise specified.

XVI. Transparency and Right to Access Information

  • Megamotive Private Limited embraces transparency as a core value. Legitimate requests for information/statutory disclosures by authorized government officers will be responded to in the manner specified by applicable law.

  • Customers and stakeholders may request certain statutory information in writing, subject to relevant confidentiality and data protection safeguards.

XVII. Miscellaneous

1. Non-Waiver

Failure by the Company to enforce any right or provision of these legal provisions shall not constitute a waiver of such right or provision.

2. Severability

If any provision herein is held to be invalid or unenforceable, the remainder of these provisions shall remain in full force and effect.

3. Language

All contracts, disclosures, and communications shall be in English, unless specifically required otherwise by law.

XVIII. Important Notices

All stakeholders are encouraged to read the entire Legal Information section as well as other related policies including the Privacy Policy and Terms of Service. For any questions or requests for clarification, please contact us through the channels mentioned above.

Disclaimer:
This Legal Information is intended to satisfy statutory disclosures and should not be relied upon as professional legal advice. For detailed consultations, business partners and investors are advised to seek independent legal counsel.

This document is issued by authority of the Board of Directors of Megamotive Private Limited. All rights reserved. Copying or reproducing this document, except for statutory and compliance use, is prohibited without prior written approval.

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