Document background
The Operating Agreement For C Corporation serves as the foundational document governing the internal affairs and management of corporations registered in India. This document is essential when establishing a C Corporation under Indian law, particularly the Companies Act, 2013, and becomes necessary immediately after incorporation. It provides detailed provisions for corporate governance, shareholding structures, management responsibilities, and operational procedures. The agreement is crucial for protecting shareholder interests, ensuring smooth corporate operations, and maintaining compliance with Indian regulatory requirements. It should be drafted with careful consideration of both current needs and potential future scenarios such as capital raising, share transfers, and succession planning.
