In the modern world Startups are the flavor of Indian upcoming economy and people who starts these latest jets of technological wings require few things to be adhered with like few Legal and Corporate skill set which the tech startups lacks and unfortunately outsource the same work to Finance experts who then outsource the work and carry forward the responsibilities of legal and corporate work to others which sometimes hurt the whole purpose and result ultimately in penal provisions attracting or non compliance or half compliance at the cost where startups Pays full amount which is nothing but a cheating to the Startup Fraternity and Tech geeks of Startups town cant even find whats happening behind the curtains.
So what needs to be done a FAQ on the same as below :-
What Laws Applicable on Tech Startups in India?
If You are the similar kind of startup then you might have formed a Company Private or Public or OPC (One Person Company ) or working in Sole proprietorship or Partnership model which is traditional in nature so the whole aspect of Company act 2013 Compliance's applicable on the same but if transactions covering and attracting foreign transactions remittances or giving or taking foreign contribution Fema Act 1999 further amended time to time also applicable, So how to know about the same and move forward, well you need a Professional who work with Startups and who is technological viable as a professional CS also and if he have the acumen of understanding Technological business and process he can advise quite clearly on every minute aspect of tech processes and keep a match of tech and compliance's hand in hand saving the STARTUP AND CORPORATE from penal provisions and hefty late fillings too.
There are numerous other laws applicable like taxation laws and else as per transation based amount and work and process involved so a firm which have all things LEGAL,CORPORATE & TAXATION can help you a lot and help you making clear focus on tech Startup only.
What is Vendor Agreement ? on which Tech Startups its applicable?
Lets understand it with a example Vendor agreement is done basically through the marketplace with its sellers or aggregator's which brings inventory to marketplace so a clear agreement with all conditions involved in it can sort out many technicalities therein but many a times people do naughty things like they either submix all things and clauses of standalone agreements into one agreement and thus result in chaos so it is always advisable to have a seperate agreement for payment gateway, NDA or NCA or sub-quality goods and a numerous things which might increase cost upfront but also gives a safe ride to business and help it in growing further.
What is the need of Legal Website Terms and Conditions drafting through experts?
Well if you go to a shop and buy a good or item the shopkeeper says this product comes through so and so brand and we dont have a return policy on it or refund policy is for so and so period and etc but in Online business and tech startups a E commerce Store or E shop or any CMS Store must have clear Website terms for consumers that products being given by sellers and from number of listed sellers and the refund policy and refund time periods and replacement policy with what terms and refund procedure and dispute resolution body and process.
What is Privacy policy for a website and why it is essential?
These days Business owners become smart they collect email id and contact nos and using the Private data collected and there preferences for product buying in the form of cache collection sometimes and using the same without taking consent from the consumer of E shop is really bad and unethical so every website must have a Privacy policy so that it will safeguard the business tech startups from getting sued by consumers as lots of cases of consumer courts hurts in major penalties on tech startups through deficiency in service and many more legal technical.
Few points of Privacy Policy checkpoints or must have as follows:-
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Official Blog Fema India Experts Connect with our Facebook Page:- Click and Like our Page Subscribe our Email updates like other 21,000 Members, Free/Easy/Comfortableway
So what needs to be done a FAQ on the same as below :-
What Laws Applicable on Tech Startups in India?
If You are the similar kind of startup then you might have formed a Company Private or Public or OPC (One Person Company ) or working in Sole proprietorship or Partnership model which is traditional in nature so the whole aspect of Company act 2013 Compliance's applicable on the same but if transactions covering and attracting foreign transactions remittances or giving or taking foreign contribution Fema Act 1999 further amended time to time also applicable, So how to know about the same and move forward, well you need a Professional who work with Startups and who is technological viable as a professional CS also and if he have the acumen of understanding Technological business and process he can advise quite clearly on every minute aspect of tech processes and keep a match of tech and compliance's hand in hand saving the STARTUP AND CORPORATE from penal provisions and hefty late fillings too.
There are numerous other laws applicable like taxation laws and else as per transation based amount and work and process involved so a firm which have all things LEGAL,CORPORATE & TAXATION can help you a lot and help you making clear focus on tech Startup only.
What is Vendor Agreement ? on which Tech Startups its applicable?
Lets understand it with a example Vendor agreement is done basically through the marketplace with its sellers or aggregator's which brings inventory to marketplace so a clear agreement with all conditions involved in it can sort out many technicalities therein but many a times people do naughty things like they either submix all things and clauses of standalone agreements into one agreement and thus result in chaos so it is always advisable to have a seperate agreement for payment gateway, NDA or NCA or sub-quality goods and a numerous things which might increase cost upfront but also gives a safe ride to business and help it in growing further.
What is the need of Legal Website Terms and Conditions drafting through experts?
Well if you go to a shop and buy a good or item the shopkeeper says this product comes through so and so brand and we dont have a return policy on it or refund policy is for so and so period and etc but in Online business and tech startups a E commerce Store or E shop or any CMS Store must have clear Website terms for consumers that products being given by sellers and from number of listed sellers and the refund policy and refund time periods and replacement policy with what terms and refund procedure and dispute resolution body and process.
What is Privacy policy for a website and why it is essential?
These days Business owners become smart they collect email id and contact nos and using the Private data collected and there preferences for product buying in the form of cache collection sometimes and using the same without taking consent from the consumer of E shop is really bad and unethical so every website must have a Privacy policy so that it will safeguard the business tech startups from getting sued by consumers as lots of cases of consumer courts hurts in major penalties on tech startups through deficiency in service and many more legal technical.
Few points of Privacy Policy checkpoints or must have as follows:-
Use of the Website terms
Contents Posted on Site
Privacy
Disclaimer of Warranties and Liability
Selling policy
Services
Payment policy
Payment Facility for Buyers
Compliance with Laws
Buyer's arrangement with Issuing Bank
Replacement Policy terms
Exchange Offers if any
Digital Content policy
Intellectual Property Rights policy
Digital Rights Management Policy
Rights Granted
Explicit Consent
Indemnity clause
Profanity Policy if any
Disputes (Resolutions) Policy
there are numerous 500 clauses to be embedded in the same drafting but people look for cheap alternatives which result in chaos and conflicts later-on.
Note:- Apart from above there are numerous things a Tech Entrepreneur must follow and a Tech Startup must follow with a well versed professional who have acumen of technological process and transactions you know details are below for the same.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Official Blog Fema India Experts Connect with our Facebook Page:- Click and Like our Page Subscribe our Email updates like other 21,000 Members, Free/Easy/Comfortableway
