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Presentation by:Mr. Prashant Ajmera
Attorney / Founder / CEO
www.StartUpGoingGlobal.comYour Partner in Global Expansion
Starting Start Up in India
1. Legal Entity 2. Taxation 3. Intellectual property 4. NDA & contracts
Legal Entities in India 1. Company – (i) Private Limited company (ii) Public Limited company (iii) Limited Liability Partnership
2. Partnership
3. Sole Proprietorship
Shop & Establishment Act • Compulsory registration of shop/establishment within thirty days of
commencement of work.• Communications of closure of the establishment within 15 days from the
closing of the establishment.• Lays down the hours of work per day and week.• Lays down guidelines for spread-over, rest interval, opening and closing
hours, closed days, national and religious holidays, and overtime work.• Rules for employment of children, young persons and women• Rules for annual leave, maternity leave, sickness and casual leave, etc.• Rules for employment and termination of service.• Maintenance of registers and records and display of notices.• Obligations of employers.• Obligations of employees. http://ahmedabadcity.gov.in/portal/jsp/Static_pages/shops_establishment.jsp
Bank Account In India 1. Company
2. Partnership
3. Sole Proprietorship
4. Current account with signing authority
Taxation in India
(i) PAN card (ii) Service Tax – sale of services (iii) Excise duty – On Manufacturing(iv) VAT – Value added tax on manufacturing (v) Sales Tax – Sale of commodities (vi) Custom duty – Import and Export (vii)TAN Number (viii)Personal Tax (ix) Company or partnership tax (x) Employee’s Provident Fund
Intellectual Property in India
(i) Patent – Invention or significant improvement / program
(ii) Copy Right – Literary work – writing / music / programs(iii) Trade mark – MARK – Service / Goods (iv) Design – Novel or original
http://www.ipindia.nic.in/
NDA & Other agreements
(i) Founders Agreement (ii) NDA – Non Discloser agreements (iii) Users agreement – Terms and conditions (iv) Employee agreement – right to work created, Non
competition clause, share options etc. (v) Vendors agreement (vi) Sellers agreement (vii)Liability and insurance (viii)Advisors (ix) Term Sheet
Prashant Ajmera
(i) Indian lawyer, Canadian citizen and NRI since 1988(ii) Global career advisor for study / settlement since 1993(iii) Global Business advisor for Start Up, SMEs and HNIs to
set up presence in foreign countries;(iv) President of M. G. Science Alumni Association www.mgsciencealumni.org(v) President Rotary Club Ahmedabad Metrowww.rcahdmetro.org
