angel investors, Business Administration, Business Models, Business Networking, Business Owner, Business Plans, Business Relationships, Business Strategy, Business-To-Business, IPR Companies, Digital Agencies, Ecommer, Copyright Lawyer India, Crowdfunding, NDA legal binding, Non-Disclosure Agreement, Startup Attorney India, startup co founder agreement, startup contracts, Startup India Strategist, Startup Lawyer India, startup legal documents, tech corp legal

Non-Disclosure Agreement

In business, there are numerous instances in which you have to share confidential information with another party. For example you have a business idea. In order to execute the idea you will have to share the idea with potential partners, investors or employees.

Startup companies with a new and profitable idea can only succeed if what they are working on remains under wraps. But the key to doing so safely is making sure that the other party is bound to respect the confidential information you provide them and not use it in a way that is detrimental for your business.

Inorder to keep a lid on the sensitive information, a non-disclosure agreement, or NDA, alternatively referred to as confidentiality agreements (CA), confidentiality statements, or confidentiality clauses is signed between two parties.

A Non-Disclosure Agreement is typically put to use while disclosing confidential information to potential investors, creditors, clients, or suppliers. Some people might not like the idea of signing a non-disclosure agreement saying “Don’t you trust me?” But without such a signed agreement, any information disclosed in trust can be used for malicious purposes or be made public accidentally. NDA is a promise between two or more parties that the information conveyed will be maintained in secrecy.

The confidentiality of the information is maintained for a specified period of time as mentioned in the agreement. But once the information is made public, that loses it’s “confidentiality” people will be free to disclose the information.

Types of Non-Disclosure Agreements:  

The specific content of each Non-disclaimer agreement is unique as it will relate to details of specific information, proprietary data involved and what is being discussed. In general there are two types of non-disclosure agreements.

  1. Unilateral Non-disclosure agreement: A unilateral agreement binds only one party to the agreement for example a company signs a unilateral non-disclosure agreement with an employee. Employee agrees not to disclose or reveal confidential information learnt while on the job. The majority of NDAs fall under these category and are intended to protect a business trade secret. Researchers and professors at research universities or at R&D department in the private sector are at times required to sign an NDA before they carry out research with the business or university that supports them.
  2. Mutual non-disclosure agreement: A mutual non-disclosure agreement is typically executed between two parties exploring a possible business arrangement or a joint venture or some other possible merger that might have a mutual benefit to both parties.7 Simple Ways You Can Protect Your Idea From Theft

 

online legal services india
Business Administration, Business Models, Business Networking, Business Owner, Business Plans, Business Relationships, Business Strategy, Business-To-Business, IPR Companies, Digital Agencies, Ecommer, Startup Attorney India, startup co founder agreement, startup contracts, Startup India Strategist, Startup Lawyer India, startup legal documents, tech corp legal

Company Legal Services to Startups in India

Company Legal Services to Startups in India

“If people are willing to bet on a lot of crazy notions, knowing that while some won’t work out, one breakthrough can change the world”.  – Bill Gates

What is a Startup?

As defined by Department of Industrial Policy & Promotion (DIPP)Startup means an entity, incorporated or registered in India :

  • Not prior to seven years, however for Biotechnology Startups not prior to ten years,
  • With annual turnover not exceeding INR 25 crore in any preceding financial year, and
  • Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

“Build something you believe in — because that’s the first step to building a great brand.”

At the initial stages of setting up any organization, every entrepreneur is faced with a large number of challenges. All these challenges are hefty reminders that owning and Running a successful business is definitely not easy. It’s worth it though!

startup law firms in india
legal help for startups india startup lawyer india

“Don’t aim for 10% improvement. Make it radically better and different.”

Before diving into the deep sea, founders should know that every legal decision they take has a potential to impact the company’s partners, investors, employees and customers. Therefore, it is essential that the founders develop an understanding of basic legal principles and practices associated with building a business.

Tax Laws and the Basics of Accounting

Every organization in the world, be it involved in any kind of  business as to pay taxes to the Central, State and/or local/provincial government(s), as the case may be. It is essential for every new entrepreneur to be aware about accounting details and tricky lanes of the taxation world. An aspiring entrepreneur should have sector and area-specific knowledge of taxation because the taxes applicable to different sectors, geographical regions and/or products vary greatly and it is obligatory to be acquainted with any recent changes that have taken place.

Structuring the business-Choosing the type of venture

The most important thing before pulling up a startup is selecting a legal form of conducting business. It is indispensable to determine whether you want to have a private limited company, public limited company, partnership firm, or a limited liability partnership, depending on your long-term goals and vision.

Each form of business will be governed by separate principles and laws. Not complying with the relevant laws means hefty sums will have to be paid to the Government. Thus, heavy loss before you can even start making profit.

Labour and Employment Laws

When you start an organization, you will eventually have to hire new people.

Even if you plan to have independent consultants and contractors working with you or outsource, all these employee-employer relationships will be governed by labour legislations. Breaching these will not only harm you financially but would also harm your goodwill, even before it’s built!

Securities Laws

Securities laws regulated by the Securities and Exchange Board of India (SEBI), will assist in managing the various stages of life cycle of business including fund-raising. Foreign direct investment, angel investors, crowd funding, venture capitals and even joint ventures are areas that a new entrepreneur must be aware about. It will help increase the profitability of the organization.

Information Technology (IT) laws

Today in this highly-digitalized, and technologically advanced era you inadvertently need the knowledge of Information Technology (IT) laws before starting a new business in order to protect your confidential data from any infringers or hackers.

Corporate governance

Despite being a small organization, a sound knowledge about corporate governance and management will help an aspiring entrepreneur in effectively managing the organization and formulate further expansion plans.

Contract laws 

A business survives on contracts. No organization would come into existence without the use of contracts. Therefore, basic knowledge regarding fundamental principles of  contracts, arbitration, mediation, conciliation certainly helps!

Intellectual property laws

Legally protecting intellectual property is of supreme importance to any business. Hence, filing the right patent/trademark/copyright claims, and timely IP audits of your organization, would increase the profitability of your venture manifold.

Thus, in order for an entrepreneur to sail his ship of business smoothly, a decent knowledge about some of the important legal laws mentioned above is of utmost important.

“ Find the perfect business idea and start building your business today. Build the enterprise and the brand as if you’ll own them forever.”\

We at Tech Corp International Strategist (TCIS, India) have an expert team of Indian lawyers who assist Startups with patent, business brand, trademark and logo registration in India.

List of legal services offered by Tech Corp International Strategist (TCIS, India) to Startups in India-

    • Incorporation of different types of Companies,
    • Formation (procedure) of Companies,
    • Financing the Companies,
    • Filing of various forms and Returns with the Authorities,
    • Promotion of a Company,
    • Contracts and Conversions,
    • Transfer and Transmission of Securities,
    • Intercorporate Loans and Investments,
    • Audits,
    • Economic and Commercial Laws,
    • Investments in India,
    • IPR,
    • Transfer of Property,
    • Stamp Duty,
    • Contracts and Agreements,
    • Society,
    • Trusts,
    • MSME,
    • Insurance,
    • Registration of Documents,
    • Cost and Management Accounting,
    • Labor Cost,
    • Material Cost
    • Activity Based Costing,
    • Cost records,
    • Budgetary Control,
    • Cost Audit,
    • Tax,
    • Charges,
    • Residential Status,
    • Various heads under which total income is calculated,
    • Deductions from income Calculation of Tax of HUF/Companies etc,
    • Procedure adopted for Assessment,
    • Tax Planning,
    • Wealth Tax Act,
    • International Taxation,
    • Service Tax/ Sales Tax/ VAT

 

Artificial Intelligence, Startup Attorney India, Startup Lawyer India, startup legal documents, strategic business advice, tech corp legal

Recapitalization of Ideas in terms of Technology Patenting in BIG DATA

Recapitalization of Ideas in terms of Technology Patenting in BIG DATA

“One thing about life that’s predictable, is that it is unpredictable”

A brilliant idea for an invention or business could spring into your head at any point in time. But in order to find success, your research and development has to meet modern standards. Ideas are not genuinely original.

As quoted by Mark Twain:-

“There is no such thing as a new idea. It is impossible. We simply take a lot of old ideas and put them into a sort of mental kaleidoscope. We give them a turn and they make new and curious combinations. We keep on turning and making new combinations indefinitely; but they are the same old pieces of colored glass that have been in use through all the ages.”

Patents can seem like more trouble than they’re worth because the patent process in itself is a struggle. But simply because you don’t want to deal with the patent process, Your brilliant idea needn’t fall by the wayside!

Integrating patents into your business plan, is one of the most overlooked elements of a successful business. It takes a lot of energy to run a business, If you have an idea for a product, service or business, beat the odds and use your passion and energy, to figure out how to make it profitable.There are a number of myths associated with patenting a product or concept that may hold an individual from getting the most out of the concept. In order to see your way clear to filing a patent it is very important to break those myths.

Patent filing narrows down the counterparts and it makes it difficult to impress the investors.

A strong patent portfolio help in fuelling investments for emerging tech companies. Investors often look to see whether a budding company has protected its intellectual property when determining whether to invest or not. It is more likely that you will be taken seriously if you come to the table with excellent technical knowledge and a patent-pending for your idea that’s been well-researched and profits projected, even if you don’t have all the connections with the big players.

It is difficult to avoid infringement so It’s better not to file a patent.

Many things can perform the same function. If you are filing a patent for a software for buying and selling properties, it is possible that you are infringing on a patent someone else took for a software that facilitates property transactions. That’s why the claims section of the patent is so important. Claims have to be worded very carefully. Consult a patent lawyer so that you actually end up having more protection from infringement than you would have without a patent.

My idea is not that great and there is no competition out there for my business plan so why to spend money to patent it.

Never underestimate yourself. There is always competition out there. A competitor could steal the idea and put it to use themselves. Instead of letting other party go away with your great concept and make a fortune, you should protect your concept by filing a patent.

If the invention is “obvious to one skilled in the art,” the patent won’t be valid.

Patent law prohibits granting patents for inventions that are obvious to “one skilled in the art.” Many new inventions are combinations of existing inventions. The specific wording of the claims in your patent is the key to patenting an idea that is already out there or “obvious.”

Licensing the right to make, use, or sell your product is usually the most profitable route for inventors. Even if you may not make money from a patent you can pursue licensing royalties. As patent holder, you retain ownership of the invention and earn royalty payments on future sales of the product.

Everyone who was a part of the meeting where the idea was conceptualized gets to put their name on the patent.

The inventor is the individual who has the concept of the invention, provided of course that there has been a reduction to practice. The company is the assignee-the person or legal entity that has actual ownership of the patent. The royalties from patent generally go to the company, not the employees who came up with the invention.

Prity is Chief Counsel at Mobiuz, Singapore which outrightly solves many of the >$500 Billion problems faced by the almost $1 Trillion Advertising Industry, especially Ad-Fraud, which has become the world’s no. 2 criminal enterprise. Mobiuz is working hand-in-hand with the Singaporean government to bring impeccable services to the world of Advertising, Fintech, InsureTech, Payments, and many more, globally. Prity is also founder at Tech Corp International Strategist, India and law firm partner at Tech Corp Legal LLP.

Prity Khastgir is a techno-savvy patent attorney in India with 12 yrs++ of experience working with clients across the globe. Her areas of expertise are IP portfolio research, cross-border technology transactions, licensing agreements, product clearance, freedom-to-operate, patent infringement & invalidity analysis, research & opinions.

Currently, she helps startups to raise funds, assists foreign companies to find right business partners in India. She also assists enterprises to enter and find the right angels, and VCs in Malaysia, Singapore, US, UK, Japan and India.

Co-author: Aanchal Verma

TCIS Patent Services:

Patent Services in India

Patent Drafting| Protection of Inventive Concepts:

Preparation of Utility Patent Applications:

We at Tech Corp International Strategist provide drafting of patent applications (provisional/ non-provisional) specifically in life-sciences, food technology, automotive, image processing, communications technology, aerospace, computer-implemented inventions and software,  mechanical, electrical, electronics, wireless communication, and pharmaceutical sector.

Patent Drawings/Illustrations : 

Developing patent drawings/figures using state of the art systems.

Patent Search : Patent searches by expert patent researchers

  • Patentability Search
  • Validation/Invalidation Patent Search
  • Freedom to Operate Search| FTO Patent Search
  • Infringement Analysis/Equivalent Search including Claim Mapping Chart
  • Patent Information Search
  • Patent Searches for the state of the art
  • Competitor’s Patent Search

Patent Compliance Services:

Our team of technical patent experts review the patent application to create and protect infringement-free patent specification for protecting the client’s innovation.

Competitors Patent Review Services : 

On-going competitor patent review and analyzing scope of the patent claims.

Preparing Patent Office Actions Responses:

Handling all Office actions, hearing before the patent examiner and PTO correspondences.

Patent proofreading : 

Proofreading of Patent specifications to draft flawless patent application.

Patent Analysis & Portfolio Management:

Our team of expert patent lawyers understand the technology in question and then categorize a patent portfolio of a company according to the needs of the client. We conduct a market analysis in terms of identifying active companies, their areas of technical expertise, and find the family of the patents filed in different jurisdictions. We find the main players in the field of a patent on the basis of commercial viability, infringement aspects, strengths and weaknesses, find the key parameters for future research and analyze licensing terms for a particular patent.

Filing & Prosecuting of Patent Applications :

Regular patent application, ordinary patent filing before the Indian Patent Office

PCT Applications filing before the Indian Patent Office

PCT National Phase Applications filing before the Indian Patent Office

Convention Applications filing before the Indian Patent Office

Handling Office Actions from various jurisdictions including USPTO, EPO and other Asian countries

For more details please contact us at legal_desk@patentbusinessidea.com

Intellectual Property Contract Drafting & Review Services

IP Contractual matters

Intellectual Property Licensing agreements

Intellectual Property due diligence analysis

For more details please contact us at legal_desk@patentbusinessidea.com 

TRADE MARK| BRAND PROTECTION SERVICE IN INDIA

Brand Opinion Services

Trade mark Clearance Searches

Filing of trademark applications, registration procedure

Trade mark Renewal

Trade mark opposition

Trade mark rectification

Action of infringement and passing off

Assignment, licenses and transmission, drafting deed form

Registration of trademark assignment

For more details please contact us at legal_desk@patentbusinessidea.com

COPYRIGHT SERVICES IN INDIA

Copyright Registration

Copyright Assignment in India

Infringement of a copyright

Software programs copyright;

Drafting deeds for transfer of copyright and royalty

For more details please contact us at legal_desk@patentbusinessidea.com 

INDUSTRIAL DESIGN SERVICES IN INDIA

Preparing industrial design registration forms, industrial design filing services, and prosecuting design patent applications in India

Design Renewal, Design opposition, infringement procedures in India.

For more details please contact us at 

legal_desk@patentbusinessidea.com

Prity is partner at Tech Corp Legal LLP, an international law firm headquartered in New Delhi, capital of India, with offshore offices in US, UK, China and Singapore, specializes in business law and technology law, and assists a wide variety of clients with many business arrangements, and in structuring technology transactions including: Intellectual Property Protection (Patents, Trademarks, Copyrights, Designs), Formation of Companies, Technology Transfer, Business Acquisitions, Marketing of Proprietary Information, Competitive & Business Intelligence, Scientific & Financial Due Diligence, Business Governance, Distribution of Technology, Executive Negotiations, Licensing and the like.

Prity is a Strategic Patent Attorney with a difference and International Technology Business Lawyer doing business in India for over a decade. Prity has been instrumental in increasing the international client list from zero to over 500+ Global Clients. Prity believes in KARMA and is ZEN by birth because of her ancestral history.  Our team of technology Savvy Indian Patent Attorneys, Indian Patent Agents, Intellectual Property lawyers, Indian Trademark lawyers , Corporate Lawyers facilitate the process of boosting investor sentiments.

Managing International Business Law Issues To Advance Growth of Our Clients. Intellectual Property firm Provides PCT National Phase Patent Filing Service in India to Foreign Inventors. Our focus is on helping organizations across the world with best quality patent searching and patent drafting services.

 

Launch Your Startup Faster
Startup Attorney India, startup co founder agreement, startup contracts, Startup India Strategist, Startup Lawyer India, startup legal documents

ADVANTAGES OF REGISTERING COMPANY UNDER STARTUP INDIA FOR INNOVATIONS

Are you an entrepreneur? Do you have a startup?

What is Startup India Campaign?

Startup India campaign, a program firstly announced by our very own prime minister “Mr.Narendra Modi” on 15th August 2015, at Red Fort and on 16th  January 2016 by our finance minister “Mr. Arun Jaitley” .

Why register under Startup India Campaign?

Basically this program is for the entrance and starting up new ventures which were financed by the financial institution and banks, through which government can boost up the entrepreneurship and can encourage start ups with the new job creation.

It is being operated and organized by department of industrial policy and promotion, which main focus is to restrict role of state in policy domain and get rid of ‘license raj’ and also to eliminate the hindrance like in the land permission, foreign investment proposal, environmental clearance.

The startup initiative is not only promoting new ventures in cities and towns but also in the rural areas and named as ‘Deen Dayal Upadhaya Swaniyojan Yojana’ and not only this but government also give this chance to SC/ST people and also to the women communities and through this the job rates get increased and the educated unemployed population get opportunities.

What is a start up?

According to government a startup is an entity that is headquartered in India which was opened less than seven years ago and has an annual turnover less than ₹25 crore (US$3.9 million)

Digital India

For the help of the new ventures government launched iMADE, an app development platform aimed at producing 1,000,000 apps and  not only this but government also open some financial institutions like PMMY  and the MUDRA BANK, a new institution set up for the development and financing activities relating to micro units with a refinance fund of ₹200 billion (US$3.1 billion).

What privileges  are given by government to the new ventures/startups?

Government gives many privileges to the new ventures under the startup program as they get reduction in

  • patent registration fee,
  • Modified and more friendly Bankruptcy Code to ensure 90-day exit window,
  • Freedom from mystifying inspections for 3 years,
  • Freedom from Capital Gain Tax for 3 years,
  • Freedom from tax in profits for 3 years,
  • Self-certification compliance,

Innovation hub under Atal Innovation Mission, new schemes to provide IPR protection to start-ups and new firms. Through these steps taken by  government the new ventures under startup program get encourage and get through these privileges they can work freely and make profit and the ventures get expanded and  as they get  expanded new job opportunities were  created in the market and the problem of not getting jobs opportunities get reduced.

And not only these but government also making way for international business and international investments for the new ventures under start up India i.e., SoftBank, which is headquartered in Japan, has invested US$2 billion into Indian startups. The Japanese firm had pledged the total investments at US$10 billion.

And Google also declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of US$100,000 in Google cloud credit.

Oracle also announced to set up nine incubation centres in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum, and Vijayawada.

Efforts made by various Indian state and state governments

In many states of southern India like Karnataka, Kerala, Andhra Pradesh, Telangana, in which many new ventures get good rise and opportunities.

Kerala a well known for the government’s startup policy, “Kerala IT Mission”, which focus on fetching ₹50 billion (US$780 million) in investments for the State’s startup ecosystem. It also made India’s first telecom incubator Startup village in 2012.

The state also matches the funding raised by its incubator from Central government with Telangana  has launched the largest incubation center in India as “T-Hub“.

The government of Madhya Pradesh has collaborated with the Small Industries Development Bank of India to create fund of ₹200 crore.

Rajasthan has also launched “Startup Oasis” scheme.

In order to promote startups in Odisha , the state government organized a two-day Startup Conclave in Bhubaneswar on November 28,2016. The main objectives of the event would be to

  • motivate youth towards entrepreneurship,
  • showcase the start-up ecosystem in Odisha and attract more start-ups to the state.

Government also help new ventures under Startup India The Ministry of Human Resource Development and The Department of Science and Technology have agreed to partner in an initiative to setup up over 75 such startup support hubs in the National Institutes of Technology, The Indian Institutes of Information Technology, The Indian Institutes of Science Education and Research and National Institutes of Pharmaceutical Education and Research.

Role of reserve bank in funding startups

The Reserve Bank of India said it will take steps to help improve the ‘ease of doing business’ in the country and contribute to ecosystem that is conductive for the growth of start-up business.

SEBI lawyer India, Securities and Exchange Board of India, Startup Attorney India, startup co founder agreement, startup contracts, Startup India Strategist, Startup Lawyer India, startup legal documents

SEBI – Securities and Exchange Board of India

‘SEBI’ – Securities and Exchange Board of India for Investors 

FDA lawyer attorney in India,

Securities and Exchange Board of India for Investors established under the Securities and Exchange Board of India Act, 1992

Just like the U.S.’s Securities and Exchange Commission (SEC) in US, we have Securities and Exchange Board of India (SEBI) in India. Securities and Exchange Board of India (SEBI) is the assigned regulatory body for the fund and venture showcases in India. The board assumes a fundamental part in keeping up steady and productive budgetary and speculation showcases by making and implementing successful direction in India’s monetary commercial center.

The SEBI was built up in 1988 yet was just given regulatory powers on April 12, 1992, through the Securities and Exchange Board of India Act, 1992. It assumes a key part in guaranteeing the solidness of the money related markets in India, by drawing in outside investors and securing Indian investors. SEBI was worked by the legislature of India. Its central command is situated at the Bandra Kurla Complex Business District found in Mumbai. It additionally has northern, eastern, southern and western provincial workplaces.

SEBI’s administration is made out of its own individuals. Its administration group comprises of an administrator selected by the Union Government of India, two individuals who are officers from the Union Finance Ministry, one part from the Reserve Bank of India and five different individuals who are likewise designated by the Union Government of India.

SEBI CAPACITIES AND RESPONSIBILITIES

SEBI’s Preamble portrays in detail the capacities and forces of the board. In this light, as a board, SEBI must be responsive and proactive to the necessities and enthusiasm of the gatherings that constitute India’s budgetary and venture advertises: the investors, the market middle people and the backers of securities.

SEBI is permitted to support by-laws of stock exchanges. SEBI additionally assesses the books of records of budgetary middle people and requests standard comes back from perceived stock exchanges. SEBI’s part covers convincing specific organizations to list their offers in stock exchanges. Beside these, SEBI is entrusted to deal with the enrollment of agents.

At last, the board has three forces: quasi-judicial, quasi-legislative and quasi-executive. SEBI has the privilege to draft directions under its legislative limit, lead examinations and force activity under its executive capacity, and pass new principles and requests under its judicial limit. In spite of these forces, the aftereffects of SEBI’s capacities still need to experience the Securities Appellate Tribunal and the Supreme Court of India.

POWERS OF SEBI

For the release of its capacities effectively, SEBI has been vested with the accompanying powers:

  • To affirm by−laws of Securities exchanges.
  • To require the Securities exchange to correct their by−laws.
  • Assess the books of records and call for periodical comes back from perceived Securities exchanges.
  • Assess the books of records of monetary delegates.
  • Force certain organizations to list their offers in at least one Securities exchanges.
  • Enlistment dealers.

There are two sorts of agents:

  • Circuit agent
  • Trader dealer

SEBI committees

Technical Advisory Committee

Committee for audit of structure of market foundation organizations

  • Advisory Committee for the SEBI Investor Protection and Education Fund
  • Takeover Regulations Advisory Committee
  • Primary Market Advisory Committee (PMAC)
  • Secondary Market Advisory Committee (SMAC)
  • Common Fund Advisory Committee
  • Corporate Bonds and Securitization Advisory Committee

India is one of the quickest developing economies. India witnessed a lot of foreign interest in the recent years. The government has defined its Policy pointing towards drawing in an ever increasing number of funds considering the residential business concerns at the same time.

Foreign direct investment (FDI) in India is the major money related hotspot for financial improvement in India. Foreign organizations put directly in quickly developing private Indian businesses to take advantages of less expensive wages and changing the business condition of India. Financial advancement began in India in wake of the 1991 monetary emergency and from that point onwards FDI has relentlessly expanded in India.

Additionally, apart from being a basic driver of monetary development, Foreign Direct Speculation is a noteworthy wellspring of non-obligation money related asset for the financial advancement of India.

The Indian government’s ideal policy administration and strong business condition have guaranteed that foreign capital continues streaming into the nation. The government has taken numerous activities as of late, for example, unwinding FDI standards crosswise over parts, for example, resistance, PSU oil refineries, telecom, control exchanges, and stock exchanges, among others.

POLICY AND REGULATORY FRAMEWORK TOWARD FDI

The Government has set up a policy structure on Foreign Direct Investment. Which is encapsulated in the Circular on Consolidated FDI Policy, issued which is refreshed like clockwork, to catch and keep pace with the regulatory changes. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India makes policy professions on FDI through Press Notes/Press Releases which are informed by the Reserve Bank of India as revisions to the Foreign Exchange Management (Transfer or Issue of Security by Persons Resident outside India) Regulations, 2000.

The procedural directions are issued by the Reserve Bank of India vide A.P. DIR. (arrangement) Circulars. Along these lines, regulatory system for FDI comprises of Acts, Regulations, Press Notes, Press Releases, Clarifications, and so forth.

FDI policy is looked into on a progressing premise and measures for its further advancement are taken. Change in sectoral policy/sectoral value top is told every once in a while through Press Notes by the Department of Industrial Policy and Promotion. Policy declaration by DIPP is accordingly informed by RBI under FEMA.

SECTION ROUTES FOR INVESTMENTS IN INDIA

Under the Foreign Direct Investments (FDI) Scheme, investments can be made in shares, obligatorily and completely convertible debentures and compulsorily and completely convertible inclination shares1 of an Indian organization by non-occupants through two routes:

Automatic Route: Under the Automatic Route, the foreign investor or the Indian organization does not require any endorsement from the Reserve Bank or Government of India for the speculation.

Government Route: Under the Government Route, the foreign investor or the Indian organization ought to get the earlier endorsement of the Government of India, Ministry of Finance, and Foreign Investment Promotion Board (FIPB) for the venture.

MARKET SIZE

As per Department of Industrial Policy and Promotion (DIPP), the aggregate FDI investments India got amid April 2016-March 2017 rose 8 per cent year-on-year to US$ 60.08 billion, demonstrating that government’s push to enhance the simplicity of working together and unwinding in FDI standards as yielding outcomes.

Information for April 2016-March 2017 shows that the administration’s area pulled in the most astounding FDI value inflow of US$ 8.69 billion, trailed by broadcast communications – US$ 5.56 billion, and PC programming and equipment – US$ 3.65 billion. Most recently, the aggregate FDI value inflows for the long stretch of March 2017 touched US$ 2.45 billion.

Amid April 2016-March 2017, India got the most extreme FDI value inflows from Mauritius (US$ 15.73 billion), trailed by Singapore (US$ 8.71 billion), Japan (US$ 4.71 billion), Netherlands (US$ 3.37 billion), and USA (US$ 2.38 billion).

“Indian affect investments may grow 25 per cent every year to US$ 40 billion from US$ 4 billion by 2025,” as per Mr. Anil Sinha, Global Impact Investing Network’s (GIIN’s) counsel for South Asia.

Further, with a specific end goal to fit the different access routes for foreign portfolio interest in India, the Indian securities advertise controller i.e. Securities Exchange Board of India (“SEBI”) has presented another class of foreign investors in India known as the Foreign Portfolio Investors (“FPIs”). This class has been shaped by consolidating the current classes of investors through which portfolio investments were already made in India specifically, the Foreign Institutional Investors (FII’s).

Qualified Foreign Investors (“QFIs”):

QFIs are characterized under SEBI roundabout no. CIR/IMD/DF/14/2011 dated August 9, 2011, as foreign investors who are qualified to put resources into value and obligation plans of Mutual Funds in India and are occupant in a nation that conforms to the Financial Action Task Force principles and is additionally signatory to International Organization of Securities Commission’s Multilateral Memorandum of Understanding.

Sub-accounts:

Sub-accounts are characterized under direction 2(k) of SEBI (Foreign Institutional Investors) Regulations 1995 as any person inhabitant outside India for whose benefit investments are made by FIIs in India and who is enlisted as sub-account under these controls. They incorporate foreign corporate, foreign individual, wide based funds or portfolios built up or incorporated outside India

Already portfolio speculation was administered under various laws i.e. the SEBI (Foreign Institutional Investors) Regulations, 1995 (“FII Regulations”) for FIIs and their sub-records and SEBI handouts dated August 09, 2011 and January 13, 2012 representing QFIs, which are currently revoked under the SEBI (Foreign Portfolio Investors) Regulations (“FPI Regulations”) that oversee FPIs. SEBI has, in this way, expected to improve the general operation of making foreign portfolio investments in India.

Basically, foreign portfolio venture involves purchasing of securities, exchanged another nation, which is exceedingly fluid in nature and, in this manner, enable investors to make “speedy cash” through their successive purchasing and offering. Such securities may incorporate instruments like stocks and bonds, and dissimilar to shares, they don’t give administrative control to the investor in an organization. To represent FPIs, SEBI presented the FPI Regulations by a notification4 dated January 7, 2014.

(A) CLASSIFICATION BASED ENLISTMENT OF INVESTORS

FPI has been characterized under FPI Regulation 2(h) as a person meeting the qualification criteria determined under Regulation 4 (secured under (b) beneath) and properly enrolled under Chapter II and are considered as mediators for the reasons for SEBI Act, 1992. Under FPI Regulation 5 the accompanying three classes of FPIs have been made on the premise of related dangers –

(a) Category I incorporate foreign investors related to the government, for example, central banks, government organizations, sovereign riches funds;

(b) Category II incorporates controlled substances like banks, resources administration organizations, venture directors and so forth and expensive based funds, which might be managed, for example, common funds, speculation trusts and so forth. Or, on the other hand non-controlled; and

(c) Category III incorporates investors, which are not secured under classifications I and II.

The enrollment pre requisites are continuously troublesome relying upon the classification under which the investor falls with most straightforward customs for a class I investors. Dissimilar to the past circumstance wherein the QFIs, FIIs and their sub-accounts were required to enroll with SEBI for 1-5 years at first to operate, FPIs enlistment is completed by SEBI assigned store members on permanent premise unless suspended or cancelled. These progressions may tend to back out the underlying endorsement process for FPIs and ensuing operation by them contrasted with the past circumstance.

(B) ELIGIBILITY CRITERIA FOR FPIS

  • FPI Regulation 4 recommends the compulsory qualified criteria for enrollment as FPI. Here, the candidate must be a non-inhabitant in India yet non-occupant Indians (“NRIs”) is particularly disallowed. While this spells “terrible news” for NRIs, a fund having NRIs as its investors can operate as a FPI as expressed by SEBI. Further, the candidate is required to be a resident of a nation which meets the accompanying criteria-
  • Its securities showcase controller is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understandingor gathering to a MOU with SEBI; whose central bank is an individual from the Bank for International Settlements in the event that if the candidate is a bank; and
  • Not specified in people in general articulation of Financial Action Task Force as a nation having issues identified with fighting financing of fear based oppression or illegal tax avoidance.
  • The candidate should likewise be approved to contribute as per the law of its nation of consolidation or place of business and as per its Memorandum of Association and Articles of Association or some other proportionate report. Getting from the FII Regulations, the accompanying conditions have been made material for enrollment as a FPI –the candidate must have adequate experience, proficient skill, great reputation, monetary soundness and a notoriety for reasonableness and respectability; must meet the criteria indicated in the SEBI (Intermediaries) Regulations, 2008 and
  • Give of enlistment to the candidate must be in light of a legitimate concern for advancement of the securities showcase. SEBI may determine some other criteria every now and then.

TAX ASSESSMENT OF FPIS

After the FPI Regulations came in compel, perplexity won among India Inc with respect to the tax collection of FPIs. This was on the grounds that the diverse classes of investors were burdened contrastingly beforehand and there was no lucidity with reference to how the combined FPI will be saddled. The Central Board of Direct Taxes (“CBDT”) turned out with a notification dated January 22, 2014, regarding FPIs enlisted under the FPI Regulations as FIIs for tax collection purposes. The notice shows that all investor classes shaping the FPIs would be burdened likewise to FIIs. QFIs are burdened at the rates of 40% and 20% on here and now capital picks up and long haul capital increases, separately emerging from exchange of securities, which are brought down for FIIs under the Income Tax Act, 1961 (“Tax Act”), i.e. 30% for here and now capital increases and 10% for long haul capital gains. Similar duty treatment should, hence, advantage QFIs through lower tax collection under the new law. Notwithstanding, since the CBDT warning applies FII impose treatment to FPIs just for reasons for segment 115AD of the Tax Act, the pertinence of tax reductions that FIIs appreciate under different arrangements, for example, area 196D to FPIs stayed misty.

Without any difficulty in enlistment prerequisites and lucidity on tax assessment being gotten for FPIs, the new FPI administration is probably going to help portfolio investments in India by foreign investors. Conceding of permanent enrollments to FPIs should not expect them to approach the DDPs over and over for the same, therefore, giving them a more steady condition for interest in India. Then, with the designation of work to DDPs, SEBI would now be able to concentrate on more essential issues close by requiring its consideration and perform its regulatory part more adequately. It can be contended that the move to the new administration, for all classes of investors that have been consolidated, should be an agreeable one especially in light of the fact that a cushion period has been given to them to operate without requiring them to promptly conform to the customs and process for transformation to and operation as FPIs.

Making your startup a startup success story
brand trademark, Entrepreneurship, Indian Patent Attorney, MARKET ENTRY strategy, Startup Attorney India, startup co founder agreement, startup contracts, startup legal documents, strategic business advice, venture capital financing

Protecting a Business Idea Advice to budding Entrepreneurs

Advice to budding Entrepreneurs For Protecting a Business Idea

Got a brilliant Idea? Already daydreaming about a groundbreaking business and becoming the next Bill Gates? But what if someone comes up with something similar?

Running a successful business is not a solo sport. We work with and through other people.

In order to get off to a flying start, an entrepreneur needs investors, vendors, employees and may be a partner or a mentor. Thus eventually you have to discuss your idea with the masses. But what if someone steals your idea?

Fear of getting the idea stolen is one fear that stops a number of people from starting a new business.

An individual with a fear of getting the idea stolen will move forward so slowly and cautiously that someone else who already thought of the same idea will move ahead. So how do you market your idea to the masses without having someone rip you off?

Here are certain things all budding entrepreneurs should consider while protecting a business idea.

1. Yes, a patent can help you remain competitive in your field and give you an edge on your rivals.

Technically ideas themselves cannot be patented. When you take an idea and turn it into an invention or process that meets specific criteria and requirements, it can be patented. But make sure your invention fulfills all the requirements to apply for a patent.

2. Consider the money involved in filing a patent.

Patent filing requires money. Patents have filing fees and maintenance fees over the life of the patent and a large amount of money is required for the defence of the patent. If your idea fulfills all the requirements to apply for a patent, and there are no other previously filed patents, then it’s time to apply for your patent. But before filing a patent make sure that the patent generates enough profit to justify the expenses associated with its filing.

It is advisable to seek legal counsel and advice before filing a patent and get patent professional involved for writing and filing patent.

3. When should you consider a Non-Disclosure Agreement (NDA) ?

There is no patent or copyright for an idea. If you really feel you’re onto something new and want to discuss it with some people, potential co-founders and contractors before you have been able to build it. In such cases, it is advisable to sign a Non-Disclosure Agreement (NDA).

A non-disclosure agreement (NDA) is a confidentiality contract between two parties.

According to the non-disclosure agreement (NDA), one party agrees with the other that if the latter party discloses to the former its idea and other confidential information, then the former will maintain its confidentiality for a specified period of time. If the former party were to breach this agreement, causing loss to the disclosure, then the disclosure has a remedy in being able to sue for breach of contract.

True, some people might not like the idea saying “Don’t you trust me?”, but there’s value in your invention only if you own and protect your idea. Moreover the agreement will also demonstrate the individual’s seriousness in commercialising the idea.

4. Get to marking your territory.

Preferably put a “CONFIDENTIAL” stamp on anything you have pen down on paper related to your idea. You can also add copyright symbols, like ‘©’, ‘TM,’ to logos, which help establish that you are claiming copyright and trademark protection to your works.

Putting copyright symbols by your business plan or logo is a good idea even if you aren’t sure you’ll ever go through the trouble of filing a copyright or a trademark.

It’s like putting a yard sign or a sticker that says your house is protected by a security system even if it’s not.

When people will see that copyright symbol next to your work, they won’t take the chance to burglarize.

5. Implementation of idea.

Ideas alone are not worth that much — it’s how they are implemented.

It is important to implement that idea into sustainable innovation.

“What makes the difference for successful businesses is not the idea alone. It’s the implementation of the idea, a commitment to delivering the products, services or information on a daily basis, that makes the difference.

It takes a lot of energy to run a business, It’s hard to get things done and it takes a lot of discipline. Also there’s no guarantee that any business will be successful. If you have an idea for a product, service or business, beat the odds and use your passion and energy, to figure out how to make it profitable.

At Tech Corp International Strategist (TCIS), we help Startups to Raise Funds & Assist Foreign Companies to find Right Business Partner in India. We assist enterprises to enter INDIA and find RIGHT Angels, and Venture Capitals in Malaysia, Singapore, US, UK, Japan and India. We believe that for protecting your innovation in India, your startup idea and our intellect is the perfect combination. Every business has a #strategy. We at TCIS facilitate the process of identifying Key issues and help amplify business goals of any business (short term goals and long term goals). Everything is simple we tend to complicate and use heavy words to prove our point.

#company #startup #makeIndiagreatIndia #research #patents #copyright #innovation #creativity #entrepreneurship #India#GODigital #Entrepreneurs #IdeaInspireInnovation

Schedule a call today via clarity to get #strategic #advice #patents

Co Author

Aanchal Verma

Patent Associate at TCIS, India

Patent Application Filing Procedure-Process in India
Live LIFE Queen Size

Launch Your Startup Faster
Entrepreneurship, INTELLECTUAL PROPERTY STRATEGY, PATENT STRATEGY, Startup Attorney India, Startup India Strategist

Creating a “Business Plan”

How to Create a Successful Business plan ?

Step 1 to be a successful entrepreneur

Take up one idea. Make that one idea your life — think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success.” –  Swami Vivekananda

Running a successful business requires comprehensive business planning and developing solutions to business problems.

What you imagine is what you transpire.

What you believe is what you will achieve

A well-crafted business plan defines the entrepreneur’s vision and can help an entrepreneur to allocate resources appropriately and make good business decisions.

Whether you’re proposing a new initiative within your organization or starting an entirely new company, a good business plan generates enthusiasm for your idea and also boosts your odds of success.

To succeed in life and achieve results, you must understand and master three mighty forces- desire, belief and expectations.The primary purpose of a business plan is to help entrepreneurs gain a deeper understanding of the opportunity they envision.

A business plan includes the following basic elements-

Executive Summary, Company description, Product/Service, Market and Competition, Marketing and Selling strategy, Operating Plan, Management/ Organization, Financing and Supporting documents.

Writing a business plan assists in goal setting and long-term planning. It is important to attract investors as well as employees. 

It is an essential part of any loan application.

Every Beginner possesses a great potential to be an expert in his or her chosen field.

To begin with, the executive summary of any business plan is its cornerstone and is very important. It defines what your business does and why. A summary should concisely summarize the technical, marketing, financial, and managerial details of the business. It should convince the reader that the new venture is a worthy investment.

The company description highlights the entrepreneur’s dream, strategy, and goals ranging from the present outlook to future perspective.

How the company will address the needs of the customers as well as employees.The product/service section should stress the characteristics and benefits of the new venture, including its price, innovative, competition and the market the product/ service will target.

The marketing and selling strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the target market and provide a competitive edge to the company.

Success is a moving target. Achievement is a single event.

The Operation Plan is designed to describe how the business functions on a continuous basics. It highlights the responsibilities of the management team, tasks assigned to each division within the company and the capital and expense requirements related to the operations of the business.

Organization section will describe the company’s legal structure and biographies of the key members.The financial components of a business plan typically include three projections: a balance sheet, an income statement, and a cash-flow analysis. 

A balance sheet is a snapshot of the company’s value. An income statement helps to estimate profit or loss over a period of time.

Cash-flow statement indicates revenues, expenses and available cash.There is more than one way to win in life. The key is figuring out your way.

SUCCESS MANTRA

Life is all about one and #zeros rest all numbers are noise on thehouse #strategy#BIGDATA #ALGORITHMS #Blockchain #MobileFirst #IPR #DIS2017 #India#GODigital #Entrepreneurs #Artificialintelligence #AI #HYPE #Patents #LAWYERBYPROFESSION #PATENTISMYGAME #MAKEINDIAGREATAGAIN

Our team at TCIS, India consists of experienced professional patent researchers, patent strategists, law experts and mediators who are experts and have experience in performing more than 2200+ patent searches in all technological domains.

Our technological THINKING GEEKS experts provide their assistance to gain a clear perspective over technical as well as market difficulties that Your PATENT may face while launching and entering into a country.

We at TCIS, India have a well renowned team of Lawyers of Delhi/ NCR who have vast experience of more than 12++ years.  We at TCIS, India have inspiring and tireless mediators who have successfully completed mediation in disputes related to co-founder disputes, company disputes, mediation is website ownership, trademark infringement, commercial disputes, patent infringement, intellectual property disputes, disputes in corporate sectors and trademark commercial disputes.