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START-UP LAWS IN INDIA

 

  COMPETITION LAWS
  LAW RELATING TO START UPS
 
Start Up Industry in India
Start-up laws in India
Start App India
Start-up Contracts and Agreements in India
Start-up Funding in India
Liability
Taxation
Incentives for Start-Ups in India
Challenges for Start-ups in India
Role of Intellectual Property Rights for Start-ups in India
FOOD LAWS
INFORMATION TECHNOLOGY LAW
REAL ESTATE LAW
COMPANY FORMATION LAW
FDI LAW
TECHNOLOGY TRANSFER & JOINT VENTURE LAW
COMMERCIAL AGREEMENTS & CONTRACTS LAW
LAWS RELATING TO INSURANCE
LABOUR LAW
SPORTS LAW
MEDIA & COMMUNICATION LAW
TELECOMMUNICATION LAW
ECOMMERCE BUSINESS LAW
CORPORATE LAW FIRM
COMMERCIAL LAW FIRM
ENVIRONMENT LAW
GAMBLING LAWS
 

 

For starting any new business, one of the stepping stones is knowing the basics of the startup laws in the country. Some of the basic laws a start-up must consider are:

 

  • Incorporation – The very first step in launching a start-up is to decide the kind of business venture it is, followed by its incorporation as per existing Company law
  • Accounting and Tax laws – Different sectors have diverse tax laws, and these laws keep changing from time to time, depending upon the different policies adopted. The applicable tax laws usually depend upon the geographical region where the start-up is based and the nature of its business.
  •  Labour laws – As the start-up may eventually have to hire employees, whether on a consultancy basis or otherwise, it is advisable to look into compliances under the labour legislations.
  • SEBI Regulations – The Security Exchange Board of India (SEBI) releases notifications from time to time which may have to be complied with.
  •  IT Laws – Living in a technologically advanced era may demand concepts like e-contracts, cloud computing, digital signatures, securing confidential data from hackers, protecting privacy digitally etc. Therefore, knowing the IT laws may be extremely important.
  • Contract Laws – At one time or another, start-ups will require to get into various contracts with various stake-holders in the course of business, which shall be governed by the prevalent contract laws.
  • Intellectual Property Laws – Legal protection of intellectual property is of supreme importance to any business entity, including start-ups. Timely IP audits, filing appropriate applications for trademark, copyright, patent, design claims etc. will not only protect the business from dilution but also increase its profits.
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    Additionally, in tune with the ‘Start-up India’ campaign, 19 new plans have been introduced for start-ups in India. The ones having legal relevance are self-certification which will apply to laws such as payment of gratuity, labour contracts, provident fund management, water and air pollution acts, Patent protection which is basically a fast-track system for patent examination at lower costs etc. As far as taxation laws are concerned, there is no Capital gains tax or income tax for a span of 3 years, besides tax exemptions for investments of value higher than the market price. Further, norms of public procurement and rules of trading have been simplified to a considerable extent. Even the winding up process for start-ups is simple as the new Insolvency and Bankruptcy Code, 2015 has provisions for the fast track and/ or voluntary closure of businesses.

    For more information about Start Up Laws In India please write to us at: info@ssrana.com

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