How to Protect Intellectual Property - Strategy for Startups
>Introduction Intellectual property protection should be one of the foremost concerns of a nascently set up entity, particularly a startup. Intellectual property refers to innovative creations arising out of one’s or a team’s intellectual exercise.
8 Reasons You Must Register Your Trademarks in China
Spring is coming to an end, but it’s not too late to conduct a little spring cleaning. First on the list: get your IP in order and register your trademarks in China. The following are 8 reasons to do so.
What Are The Mandatory and Regulatory Compliance's For a Business?
Author: Neelam Vats and Associate Priya Singh To operate any business legally in the country, there are certain requirements which the company have to fulfill. These can be related to the business transaction, labor practices, and safety precautions.
Largest M&A Deal- Walmart Takes over Flipkart
Author: Advocate Dhruv Berry and Associate Abhishek Jha Walmart Inc is an American multinational retail company, the largest in the world by revenue and strives to grow more by giving a cut-throat competition to its peer and one of the biggest rival company is Amazon. Due to its expertise in retail market and a strong supply chain management and a commitment to deliver the quality at the lowest possible price Walmart acts as a silent killer for all the small retailers; and to grow further primarily to enter in the online retail alike the Amazon in Indian market it has invoked various possible way and came out with the acquisition of Flipkart, which is having the largest share of Indian retail market around 31.9% chased by Amazon at 31.1%.
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council Author: Advocate Nishant Nigam and Associate Ankit Ahuja Any Micro or small enterprise having valid EM Part -II /UAM can apply to a ‘Micro and Small Enterprises Facilitation Council’ of a the state having jurisdiction to entertain the matter regarding dispute resolution where where any buyer fails to make payment of the amount to the supplier the buyer and such amount to due to be paid shall be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day from the date immediately following the date agreed upon, at three times of the bank rate.The State Government shall establish one or more Micro and Small Enterprises Facilitation Councils where such dispute resolution takes place State / UT Notified MSEFC Rules (As of 19.03.2019) The process to apply at a Facilitation Councils (Online) The User has to Ensure that -
How Partnership Clarity in the Early-Stages Increases your Immunity
Author: Diksha Singh What is a 'Partnership'? A partnership is an agreement in which two or more parties are involved in the management and operation of the business. It can be of two types such as limited liability partnership and a general partnership commonly known as unlimited liability partnership in which the liability of the partners are unlimited and all the partners are held responsible for the misconduct of any one partner. Some of the partners are also known as silent partner who is not involved in the management and day to day activities of the business.
Startup Definition Tweaked, Benefits to Now Flow for 7 Years
NEW DELHI: India enlarged the definition of what constitutes a startup to a venture that's as much as seven years old from five now, relaxed the norms for tax benefits and included employment generation potential to give a big push to job creation and entrepreneurship. "These changes are an effort to ensure ease of starting up new businesses to promote the startup ecosystem and build a nation of job creators instead of job seekers," a the Department of Industrial Policy and Promotion (DIPP) said in a release late Thursday. The Startup India initiative launched in January 2016 by Prime Minister Narendra Modi offered incentives to such ventures to encourage entrepreneurship and innovation. While the overall age limit has been raised for all startups by two years to seven years, it has been increased to 10 for biotechnology firms from the date of incorporation. That's to account for the longer gestation period for companies in the sector.
All You Need to Know About ANGEL TAX
The longstanding request of the angel investors to exempt them from the ambit of “Angel Tax’ provision has finally turned into a reality. This was a bane particularly for the startup ecosystem growth. The Central Board of Direct Taxes (CBDT) has issued a notification dated May 24, 2018 exempting angel investors from the ‘Angel Tax’ ambit subject to the terms and conditions as specified by the Department of Industrial Policy and Procedure (DIPP).which is a boon to startup fraternity and will significantly boost the development prospects of the startup fraternity. The notification is retrospectively effective from April 11, 2018. The DIPP notification dated April 11, 2018 has exclusively quantified the following conditions to be satisfied by the startups for availing the ‘Angel Tax’ Exemption:
How to Sue a Builder
Author: PriyamvadaSanjiv Dagar, Legajoist In this 21st century, owning a house is very difficult, real estate has emerged rapidly builders and developers play a vital role in completing the project and delivering it on time. Due to huge demand along with time and labor constrains builders fail to complete the projects on time, thereby not meeting the commitment they had made to the buyers. In many of the cases builders are responsible for the huge financial losses to buyers.
6 Mandatory Tax And Regulatory Compliances For Business
6 Mandatory Tax And Regulatory Compliances For Business Author: Associate Runa Jasia What is Mandatory Tax? As the name itself suggests, it is mandatory to pay these taxes. For example as per the Income Tax Act: It is compulsory to file an Income Tax return in India as per the Income Tax Act, 1961 .
Maternity Benefit Amendment ACT, 2017
Author: Ashima Puri & Associate: Surbhi Sawaria Abstract The Act regulates the women employment for certain period pre and post the child-birth. The object of the act was to provide full and healthy maintenance of women and her child by safeguarding the dignity of motherhood.
RERA Vs. NCDRC: Who Will You Approach?
RERA Vs. NCDRC: Who Will You Approach? The recession in the real estate sector has led to series of chaos for the home buyers who have booked a flat/unit/apartment in a real estate project and are yet to be handed over possession.
