¶¶Òõ¶ÌÊÓƵ

All Countries
Corporate Governance
Operating Agreement

Operating Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Operating Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Operating Agreement

"I need an Operating Agreement for a tech startup in Bangalore with three co-founders and potential foreign investors, including provisions for ESOP allocation and protection of intellectual property rights, to be implemented by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Operating Agreement is a crucial document used when establishing or restructuring a business entity in India. It serves as the foundational document that governs the internal operations and management of a company or LLP, outlining everything from ownership structures to day-to-day operational procedures. This agreement is particularly important in the Indian business context as it must comply with various legislative requirements, including the Companies Act 2013, Limited Liability Partnership Act 2008, and other relevant regulations. The Operating Agreement becomes essential when multiple stakeholders are involved, providing clear guidelines on capital contributions, profit sharing, management responsibilities, and dispute resolution mechanisms. It helps prevent future conflicts by establishing clear protocols and procedures while ensuring compliance with Indian corporate law requirements.
Suggested Sections

1. Parties: Identification of all members/partners entering into the agreement, including their full legal names and addresses

2. Background: Context of the agreement, including the purpose of forming the company and basic business objectives

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Formation and Name: Details of company formation, registered name, and business address

5. Business Purpose: Detailed description of the company's business activities and objectives

6. Capital Contributions: Initial and subsequent capital contributions by members, including valuation of non-cash contributions

7. Membership Interests: allocation of ownership interests, voting rights, and economic rights

8. Management Structure: Governance structure, appointment of managers, and decision-making processes

9. Meetings and Voting: Procedures for member meetings, voting requirements, and quorum rules

10. Distributions and Allocations: Rules for profit/loss distribution and tax allocations

11. Transfer Restrictions: Limitations on transfer of membership interests and right of first refusal provisions

12. Exit Provisions: Procedures for member withdrawal, buyout terms, and company dissolution

13. Confidentiality: Protection of company's confidential information and trade secrets

14. Dispute Resolution: Mechanisms for resolving disputes between members

15. Governing Law: Specification of Indian law as governing law and jurisdiction

16. Amendment Procedures: Process for modifying the operating agreement

Optional Sections

1. Special Purpose Vehicle Provisions: Required if the company is formed as an SPV for a specific project or venture

2. Foreign Investment Compliance: Needed if foreign investors are involved, detailing FEMA compliance

3. Industry-Specific Compliance: Required for regulated industries like financial services or healthcare

4. Intellectual Property Rights: Important for technology companies or businesses with significant IP assets

5. Tag-Along and Drag-Along Rights: Relevant for companies planning future investment rounds or exit strategies

6. Employee Stock Option Pool: Necessary if the company plans to offer equity-based compensation

7. Special Voting Rights: Required when certain members need special voting or veto rights

8. Corporate Social Responsibility: Mandatory for companies meeting certain profit thresholds under Companies Act

Suggested Schedules

1. Schedule 1 - Member Details: Detailed information about members including contact details and initial capital contributions

2. Schedule 2 - Initial Capital Structure: Breakdown of initial capital contributions and ownership percentages

3. Schedule 3 - Business Plan: Initial business plan and projected financials

4. Schedule 4 - Management Structure: Detailed organizational chart and management responsibilities

5. Schedule 5 - Reserved Matters: List of decisions requiring special approval or unanimous consent

6. Schedule 6 - Compliance Requirements: Specific regulatory and compliance requirements applicable to the business

7. Appendix A - Forms: Standard forms for notices, member certificates, and transfer documents

8. Appendix B - Valuation Methodology: Agreed methods for valuing company shares or assets

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





















































Clauses













































Relevant Industries

Technology

Manufacturing

Professional Services

Real Estate

Healthcare

Financial Services

Retail

E-commerce

Construction

Education

Hospitality

Information Technology

Consulting

Media and Entertainment

Logistics

Relevant Teams

Legal

Corporate Affairs

Compliance

Finance

Executive Leadership

Board of Directors

Corporate Governance

Risk Management

Operations

Company Secretariat

Business Development

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Chief Legal Officer

Corporate Lawyer

Business Development Manager

Chief Financial Officer

Compliance Officer

Board Director

Legal Counsel

Corporate Governance Officer

Risk Manager

Operations Director

General Counsel

Partnership Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Operating Agreement

An Indian law-governed agreement establishing the organizational structure and operational framework for a business entity, defining member rights and management procedures.

find out more

Shareholders Resolution

A formal document under Indian law recording shareholders' decisions and approvals for corporate actions, passed either through general meetings or postal ballot.

find out more

Resolution Of Authority

An Indian corporate governance document that formally delegates specific powers and authorities to designated individuals within an organization, as per the Companies Act, 2013.

find out more

Shareholders Meeting Minutes

Official minutes of a shareholders' meeting under Indian corporate law, documenting key decisions, discussions, and voting outcomes.

find out more

Shareholding Agreement

An Indian law-governed agreement that defines and regulates the relationships, rights, and obligations between a company's shareholders.

find out more

Contract For Employee

A legally binding employment agreement compliant with Indian labor laws, establishing terms and conditions between employer and employee.

find out more

Banking Resolution

An Indian corporate document authorizing designated individuals to conduct banking operations, setting transaction limits and operational procedures under Indian banking laws.

find out more

Business Agreement Form

A standardized business agreement template compliant with Indian law, designed to formalize commercial relationships between parties.

find out more

Directors Resolution

An official document recording board decisions under Indian corporate law, demonstrating compliance with the Companies Act, 2013.

find out more

Joint Venture Operating Agreement

An Indian law-governed agreement establishing operational framework and governance structure for a joint venture between multiple parties.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.