Successfully reported this slideshow.
Your SlideShare is downloading. ×

Legal Aspects for a Startup

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Loading in …3
×

Check these out next

1 of 28 Ad

Legal Aspects for a Startup

Download to read offline

Understand in brief Startup India policy of Govt of India and get benefits of Tax Relief, Funding, Incubation, Patent / IPR expenses.

Understand in brief Startup India policy of Govt of India and get benefits of Tax Relief, Funding, Incubation, Patent / IPR expenses.

Advertisement
Advertisement

More Related Content

Slideshows for you (20)

Viewers also liked (20)

Advertisement

Similar to Legal Aspects for a Startup (20)

Recently uploaded (20)

Advertisement

Legal Aspects for a Startup

  1. 1. STARTUP INDIA POLICY Understanding - Legal Aspects
  2. 2. Aims and Objectives  AIM > To foster entrepreneurship > To promote Innovation by creating ecosystem  OBJECTIVES > India to become Nation of “Jobs Creator” and not “Jobs Seeker” > Start a revolution for Startups
  3. 3. Stakeholders Advantage India Start Up Incubators VC Govt of India
  4. 4. Commitments by Govt. of India Simplification and Handholding Funding Support of Rs. 10,000 Crores in next 4 years and Incentives Incubation & Industry Acadamia Partnership
  5. 5. Eligibility  Entity should be either: > a Private Limited Company > a Registered Partnership Firm > LLP  Entity : > Should be New OR registered in last 5 years > Should not have turnover exceed Rs. 25 Cr > Working towards Innovation, IPR, new products
  6. 6. Innovation means….. Working towards Innovation, Development, Deployment or Commercialisation of: - New Products, - New Processes or - New Services  Driven by Technology OR Intellectual Property
  7. 7. Commitments by Govt. of India  SIMPLIFICATION AND HANDHOLDING
  8. 8. Simplification and Handholding Commitment 1 Simplify Labour Laws & Environment Laws
  9. 9. Simplification and Handholding Commitment 2 Create a Platform for Startup - Central & State Govt, Incubators - VCs, Angels, Banks - Mentors, Legal Partners, Advisors
  10. 10. www.startupindia.gov.in
  11. 11. Simplification and Handholding Commitment 3 Connect via Mobile App - Register your Startup - Tracking final registration - Filing Compliances - Apply for various Schemes - Connect and Collaborate with Startup Ecosystem
  12. 12. Download App…… now
  13. 13. Simplification and Handholding Commitment 4 Free Legal Support for Trademark , Patent, Design applications - Free Legal Advise to file Trademark and Patent Application through Empanelled Legal Consultants - Fast Track Patent Examination - Rebate of 80% of Govt Fee for Trademark, Patent, Design applications
  14. 14. Simplification and Handholding Commitment 5 Startup can participate 20% of Govt supplies - Startup can supply to Govt. Tenders without meeting criteria of Experience or Turnover - No compromise with quality / technology parameters
  15. 15. Simplification and Handholding Commitment 6 Faster Exit for Failed Startup - Failed Startup can wind-up / close Company / Firm in 90 days - New Law on Insolvency to be passed
  16. 16. Commitments by Govt. of India  FUNDING SUPPORT & INCENTIVES
  17. 17. Funding Support and Incentives Commitment 7 Funding of Rs. 10,000 Cr by Govt. of India - - Rs. 2500 Cr every year - Fund of Funds - Managed by Professionals - LIC to be co-investors
  18. 18. Funding Flow Govt of India will fund to SEBI registered Venture Capital Fund Venture Capital Fund will invest in Eligible Start Up Funding Received by Startup
  19. 19. Funding Support and Incentives Commitment 8 Credit Guarantee on Debts - Venture Debts to Startup by Banks and other lenders - Rs. 500 Cr per year Thru SIDBI / National Credit Guarantee Trust
  20. 20. Funding Support and Incentives Commitment 9 Capital Gain Relaxation to Investors - Investor can invest in Fund of Funds to get exemption of Capital Gain - Investment in Computer Software to be considered as purchase of “New Asset”
  21. 21. Funding Support and Incentives Commitment 10 Tax Exemptions - Exemption of Profits for a period of 3 years subject to non distribution of dividends
  22. 22. Funding Support and Incentives Commitment 11 Exemption to investors for Fair Market Value - Investor can invest at any value without any restriction on Fair Value - Available to VC as well as Incubators
  23. 23. Commitments by Govt. of India  PARTNERSHIP WITH INDUSTRY & INCUBATORS
  24. 24. Partnership with Industry and Incubators  Commitment 12 National and International Fests  Commitment 13 Innovation Hubs - 500 Tinkering Labs - Sector Specific Incubators - Innovation Awards - 31 Innovation Centres - 13 Startup Centres - 18 Technology Incubators - 7 New R&D Parks
  25. 25. How Startup get benefits Step 1 - Check your eligibility as entity Step 2 - Check whether you have “Innovation” Step 3 - Register with ANY ONE of the following:- - Incubator in Post Graduate Indian College - Incubator Funded by Govt - Incubator Recognised by Govt - Funded by Incubator/Angle/PE - Patent Granted
  26. 26. How Startup get benefits Step 4 – To get IPR and Tax Benefits – get approval of DIPP about Innovation Step 5 – Apply online on Govt Portal www.makeindia.gov.in Step 6 – Get Registration Certificate as Startup Online
  27. 27. Other Legal Aspects for All Startup  Decide about Legal Structure of Startup - LLP, Partnership Firm or Company  Incorporation / Registration  Initial Tax / Labour Law Registrations  Legal Agreements between Founders, Website Development Related, Technology Development Related, Employee Related, Vendors related  Registration of Trademark, Patent
  28. 28. THANK YOU HAPPY TO ANSWER YOUR QUESTIONS, YOU MAY SEND EMAIL AT JATIN@LEGALJINI.COM Join Startup Revolution of India and be a celebrity Founder

×