Understanding the Concept of Cheque Bounce in India

Alternate Market Commission - A Boost for Startup Ecosystem Bhumesh Verma, Managing partner and Soumya Shekhar, Associate Introduction Startup eco-system carries vast potential for economic activity and revenue generation in India. 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. 1. Because you are having branded goods manufactured in China, and don’t want them seized for trademark infringement. China is a first-to-file jurisdiction for trademarks and this means that if you don’t register your trademark, someone else could and probably will.

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.

Data Protection in India and Europe: A Comparative Analysis Bhumesh Verma, Managing partner and Soumya Shekhar, Associate Introduction The term `General Data Protection Regulations’ or ‘GDPR’ has the world baffled. EU has come up with a new set of data privacy norms which are bound to have far-reaching effects. In the aftermath of its implementation on May 25, 2018, corporates all over are revamping their data privacy policies to mirror the GDPR requirements. 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)

DELHI Government to Set up Police Complaint Authority to Hear Complaints Against Police Misconduct DELHI Government to Set up Police Complaint Authority to Hear Complaints Against Police Misconduct Following the Supreme Court directions, the Delhi Government plans to set up a Police Complaint Authority (PCA) to hear complaints of extortion, harassment, abuse, unlawful detention or arrest by the Delhi Police. The panel will consist of a Chairperson appointed by the Lieutenant Governor of Delhi.

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.

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.