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The article talks about the details of filing a DMCA (Digital Millennium Copyright Act) complaint to resolve website content scraping issues. You should keep in mind that if you didn’t do anything about it a lot of websites known as ?scrapers? will continue to take advantage of your content. And in near future your website can be affected, especially in the search results. First Step: Website Content Ownership Legality Requirements Before we move forward with DMCA complaint, you need to prove the ownership of your website content. You can only file DMCA complaint on other website when you have enough prove regarding your website content ownership   Second Step: Detect website content scrapers and gather evidence You will be required to state the URLs of infringing website pages where your content has been copied if you intend to file at DMCA complaint. So it is important to detect them and make a list.   Third Step: Contact infringing website First,?let them know that they are copying content from your website and they are not authorized to do so. Second,?provide them with a?complete list of URLs where your content is found on their website. Third,?ask them to remove the copied content. Optionally, you might offer to?grant them permission, provided they link to your website. This might beneficial if the website copying your content is?popular and authoritative. Fourth, you should?set realistic deadlines as to when you?expect them to implement your suggestions or get a reply.   Fourth Step: Escalate issue to web host and file DMCA complaint If you don?t get any answer from the infringing website, you need to contact the web host of that site and send an inquiry. You have to fill out the complaint form and include the url of the copied website as well as our website and send it to the host. The hosting support will then review the complaint, and reply to us and ask us to file DMCA. After the web host receives the DMCA complaint, they will facilitate the removal of content from the infringing website according to their terms and conditions.   It?s a summarization of an article in seochat. For more details, visit http://www.seochat.com/c/a/search-engine-optimization-help/how-to-file-a-dmca-complaint-to-resolve-website-content-scraping-issues/
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The?finance ministry?started consulting with business on the General Anti-Avoidance Rule (GAAR), which is going to be implemented from the next financial year. ?For this it wants to know the concerns of industry on board and hence invited comments from stakeholders on the guidelines by June 30. ?Several stakeholders and industry associations have represented that guidelines for implementation of?GAAR?be issued, so that there is adequate clarity in this regard. The general public and stakeholders are, therefore, requested to provide their inputs on the provisions in respect of which further clarity is required, from its implementation perspective,? the ministry stated. The?finance ministry?started consulting with business on the General Anti-Avoidance Rule (GAAR), which is going to be implemented from the next financial year. ?For this it wants to know the concerns of industry on board and hence invited comments from stakeholders on the guidelines by June 30. ?Several stakeholders and industry associations have represented that guidelines for implementation of?GAAR?be issued, so that there is adequate clarity in this regard. The general public and stakeholders are, therefore, requested to provide their inputs on the provisions in respect of which further clarity is required, from its implementation perspective,? the ministry stated. The ministry has asked the stakeholders to put forward their doubts and concerns regarding the structure and to avoid hypothetical situations. GAAR norms were initially proposed as Direct Taxes Code by then finance minister Pranab Mukherjee in Budget 2012-13. However, it was postponed till next financial year because of lack of preparedness. GAAR can override tax treaties as well. Sunil D Shah, partner, Deloitte Haskins & Sells, said: ?It is expected that more clarity will be available once the guidelines are framed setting out what types of arrangements would be impacted by the GAAR provisions. This will enable businesses to better plan their transactions.?   It is a summarization of an article from business standards. For more details, visit http://www.business-standard.com/article/economy-policy/finmin-seeks-suggestions-on-gaar-guidelines-116052701140_1.html
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For startups who want to join hands with the bigger fish, this year can provide them that and make their wish come true. This fiscal year which ended on March 31st saw more (almost double) mergers and acquisitions involving technology startups when compared to last year. It has been forecasted that this year the numbers will be more than that of last year (146 transactions) with large and better funded companies. The investors and experts tracking the startup world are predicting this since few months. Their primary reasons: The funding winter that has dawned on maturing companies; hyper-competition fueled by investor money; and the hasty floundering of some hugely hyped sectors because of weak business fundamentals. Overall, in terms of funding, “it’s going to get worse,” said Siddharth Parekh, senior partner at private equity firm Paragon Partners. “Ventures that have raised series-A (funding) rounds are finding it difficult to raise follow-on rounds… There will be stress in terms of companies not having cash flows to sustain themselves.” There will be many deals around the corner for these small firms and without the funds they won?t have any other option other than going for merger and acquisitions. Waiting in the wings to swallow up young startups are some of the country’s biggest internet companies. Experts say several of the acquisitions this year will be driven by investors hoping to extract at least marginal returns as their investment cycles near their ends, or as they start culling their portfolios. Entrepreneurs, too, are exploring options as they look to survive in a landscape that has been struggling through a liquidity crunch the past 10 months. It?s a summarization of an article by Biswarup Gooptu. For more details, visit http://economictimes.indiatimes.com/small-biz/startups/more-startup-buyouts-poised-to-take-place-in-the-new-fiscal-as-funding-winter-continues/articleshow/52441000.cms
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The importance of intellectual property in India is well established at all levels- statutory, administrative and judicial. India gave its agreement establishing the World Trade Organization (WTO). This agreement also contains an Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) which came into force from 1st January 1995. The obligations under the TRIPS Agreement relate to provision of minimum standard of protection within the member countries legal systems and practices. Patent Any invention in respect to any branches of technology be it product or process is patentable if it passes the three tests of being involving an inventive step and can to applied practically. But there are few exceptions available where Patentis not permissible due to protection of morality, human, animal, plant life or health or to avoid serious prejudice to the environment.   Trademark A trademark is a name, logo, tagline, colors that identify a product or service. Business owners are given rights on their trademarks. It distinguishes the goods or services of one undertaking from those of other undertakings. Such distinguishing marks constitute protectable subject matter under the provisions of the TRIPS Agreement. The initial registration and each renewal should not be less than 7 years can be renewed indefinitely.   Copyright Creative artists are given copyrights for their creations. Copyright is done to protect original work of authorship including books, articles, photographs and other creative works. Several measures have been adopted to strengthen and streamline the enforcement of copyrights. These include the setting up of a Copyright Enforcement Advisory Council, training programs for enforcement officers and setting up special policy cells to deal with cases relating to infringement of copyrights.     It is a summarization of an article from India In Business. For more details, visit http://indiainbusiness.nic.in/newdesign/index.php?param=investment_landing%2F267%2F3   To know the difference between Trademark, Copyright and Patent visit http://www.wazzeer.com/articles#intellectual-property
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Provident Fund Provident fund is a benefit given to the employees of the firm. While the employee is working in the firm, he along with the employer contributes a part of his salary to the PF fund which provides security after his retirement for his old age.   Key Elements of Provident Fund
  • It is mandatory for companies or Firms which has 20 or more employees to get registered with PF Department
  • The gross salary of those employees should be INR 20,000 or more
  • The employee along with the employer contributes 12% of the basic salary to the PF fund
  • The Tax is exempted for the employees of the company
  • Who do not have 20 employees but are willing to register can do it voluntarily with the Regional Provident Fund Office to give benefit of PF to their employees.
  • Voluntary Registration can only be done if the number of employee is more than 6 and needs a consent letter from all the employees
  Employee?s State Insurance Employee?s State Insurance (ESI) is a social security and health insurance for the employees of a firm. During his course of work he along with his employer contributes towards ESI which provides him with security by protecting the employee during sickness, accidents, injury or disability.   Key Elements of Employee?s State Insurance
  • It is mandatory for companies or Firms to register for ESI when they have 10 or more employees
  • The salary of the employees who needs to be registered for ESI should be INR 15,000 or less
  • The employer contributes 4.75% of the salary while the employee contributes 1.75% for ESI
  • No Voluntary Registration happens for Employee?s State Insurance
  • ESI provides medical insurance and security for the person insured as well as for the members of his family
  • ESI provides insurance cover up to INR 80 lakhs
    We at Wazzeer can help you with this process. For more details visit www.wazzeer.com or you can contact us at http://www.wazzeer.com/#contact-us
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The funding Scenario in the Startup world has changed in 2016. Due to this change the Indian e-commerce ecosystem had to adopt stricter evaluation norms for their business models, now focusing more on profitability and consolidation. With the inflow of fresh funding decreasing and the focus on profitability by investors increasing, leading it to swift changes in business model by companies. The current wave of consolidation among e-commerce players may intensify, leading to fewer, stronger players emerging within each category and the recent government regulations which prevents discounts and dependence on large vendor may require changes in strategy in future The hyper-valuations seen in successive funding rounds in 2014-15 also seem to be correcting. Fidelity had marked down its holding in Flipkart by about 40 per cent as of February 2016. Valuation of Rocket Internet’s Global Fashion Group (parent company of Jabong) sinked by about 67 per cent during its last fund raise in April 2016, while Fabfurnish was acquired by Future Group at a substantial discount for USD 3 million. It?s a summarization of an article from Economic Times. For details, visit http://economictimes.indiatimes.com/small-biz/policy-trends/funding-squeeze-causing-stricter-evaluation-of-e-commerce-models/articleshow/52364495.cms
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What are the Rights granted by Patent? If the grant of the patent is for a product, then the patentee has a right to prevent others from making, using, offering for sale, selling or importing the patented product in India. If the patent is for a process, then the patentee has the right to prevent others from using the process, using the product directly obtained by the process, offering for sale, selling or importing the product in India directly obtained by the process. Before filing an application for grant of patent in India, it is important to note:   What is not Patentable in India? Invention is not patentable in India when the Invention is any one of the following
  • ? ? ? ?-?Frivolous
  • ? ? ? ?-?Obvious
  • ? ? ? ?-?Contrary to well-established natural laws
  • ? ? ? ?-?Contrary to law
  • ? ? ? ?-?Immoral
  • ? ? ? ?-?Injurious to public health
  • ? ? ? ?-?A mere discovery of a scientific principle
  • ? ? ? ?-?The formulation of an abstract theory
  • ? ? ? ?-?A mere discovery of any new property or new use for a known substance or process, machine or apparatus,
  • ? ?-?A substance obtained by a mere admixture resulting only in the aggregation of the properties of the components thereof or a process for producing such substance
  • ? ? ? ?-?A mere arrangement or rearrangement or duplication of known devices
  • ? ? ? ?-?A method of agriculture or horticulture
  • ? ? ? ?-?Inventions relating to atomic energy, are not patentable in India.
  Infringement of Patent   Patent infringement proceedings can only be initiated after the?grant of a?patent in India but may include a claim retrospectively from the date of publication of the application for grant of the patent. Infringement of a patent consists of the unauthorized making, importing, using, offering for sale or selling any patented invention within the India. Under the (Indian) Patents Act, 1970 only a civil action can be initiated in a Court of Law. Further, a suit for infringement can be defended on various grounds including the grounds on which a patent cannot be granted in India and based on such defense, revocation of Patent can also be claimed.
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Due Diligence is the process which is done by the Investors to obtain information about the firm or company in which they are planning to Invest, both from a legal and business perspective. It is done to assess the amount of risk involved, hence once you are planning to get investment take your time to prepare due diligence.

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For doing so, you need to know the stages of funding

????????? Term Sheet Negotiation

????????? Business Valuation & Business Plan

????????? Due Diligence

????????? Agreement Signing

????????? Issuance of funding instrument- Share Based and Debt Based Funding

????????? Corporate Law and RBI Compliances

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As you can see after you clear due diligence the agreement is signed so taking care of due diligence is very important. So, people have queries such as why due diligence is done? What is the process involved? What should be taken care of? In this article all your queries will be answered.

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Why Due Diligence?
  • Check the Internal Control Systems are in place or not
  • To calculate the financial risk involved
  • Judge the awareness of the business owners
  • Assess the team structuring and Operational Processes in place
  • Verify the claims of the pitchers
  • Excavate undisclosed risks
Process of Due Diligence:
  • Investor appoints a team
  • Definite Mandate is set for the team
  • Confidentiality Agreements are formulated between parties
  • Due Diligence Questionnaire and checklist is prepared and circulated
  • Investigation takes place
  • Due Diligence Report is formulated and circulated

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Things you need to take care of:
  • Your Company should be Incorporated as it not only provides Professionalism but also a sense of security to the other transacting party
  • Registration and filing under PF, ESI, VAT, Service Tax must be in place
  • Any Legal issue must be resolved beforehand
  • Maintain Income and Expenditure statement, P&L Accounts, other financial statements
  • Ownership of Intellectual Property, including non-exclusive licenses, infringement, inappropriate use and potential action, has to be dealt and agreed upon.
  • If you have previously raise funds, all your documents regarding it should be in order
? ? It is a summarization of an article written from Tax mantra. For more information, visit https://taxmantra.com/unknown-facts-about-due-diligence-for-funding/
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The corporate affairs ministry has designated eight courts in different states and union territories as “special courts” for speedy trials of serious corporate offences.?Under Companies Acts, 2013 special courts were supposed to set up in every state so that it could deal with Corporate cases in which the punishment for the offence is of at least two years. The eight courts are in Maharashtra, Jammu and Kashmir, Goa, Gujarat, Madhya Pradesh, West Bengal and two in union territories. The Government got the consent from Chief Justice of respective high courts and the hearings will start soon. There are over 50,000 cases pending with corporate cases but only 5,000 are serious offences in which the punishment will be of two years or more. The government was of the view that the number of special cases won?t be too high after the softening of provisions in the Companies Act so it will be wiser to bring more special courts into existence. The amendments to the Companies Act have done away with the provision which would have made it impossible for a person accused of violating the law to get bail. Another bill proposing more amendments to the law has been referred to a parliamentary committee. It?s a summarization of an article Rajat Arora. For more details, visit http://economictimes.indiatimes.com/news/economy/policy/corporate-affairs-ministry-designates-eight-special-courts-to-hear-serious-corporate-cases/articleshow/52369209.cms
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Today, it is not possible to predict the funding scenario of Indian Startups. 2016 has seen a low funding phase while 2014 and 2015 saw a boom in Indian Startup funding. Apart from the slowdown of funds inflow, we now hear more of startups shutting down and merging or conglomerating. This happened because the closure cycle of Investment has become long as it is focusing more on business economics rather than due diligence. Changes in Funding Scenario in Indian Startups
  1. Focus Shifting to Business unit Economics:
Unit Economics is direct Revenue and Cost that you incur from your business model. The???? fundamentals in this case are
  • Lifetime value (LTV):The amount of revenue a single unit generates during the entire duration of a customer?s usage?of?the?service.
  • Cost per acquisition (CPA):How much it costs to acquire one unit.
Your business exists as long as your LTV is more than your CPA  
  1. Cockroaches are getting some love:
???? Initially investors used to fund companies valued at $1billion or more but now that trend has changed. Investors are more inclines towards startups which are bootstrapped, have a strong business model and those who can self generate funds.  
  1. Down-round funding:
???? A down round is funding round where investors reinvest in a company whose valuation has come down when compared to previous years. There is no harm in it has the startups are now being pushes to provide world class product or world class service.  
  1. Conventional businesses are back in favour:
??? One more trend in the startups is the shift of senior and middle level employees to the conventional business. According to a recent ET report, a few of the top-level employees from unicorn startups have moved to conventional businesses  
  1. More failure stories, and that is fine
???? There has been an increase in the number of startups that has been failed and shut down or curtailing their operations to make ends meet. But it?s fine. There are stories all over the internet like ?Lesson from my failed startup ?, you learn from your mistakes and then make it big. Failing and accepting failures are very much a part of entrepreneurship, and this needs to be learnt and understood.  
  1. Mergers or acquisitions in same or allied sector
???? Mergers of startups which are in the same sector have become quite frequent nowadays. It helps in making investment portfolio for investors more centralized. It not only decreases the market but also helps in efficient utilization of market from investor?s point of view.   It’s a summarization of an article written by Alok Patnia. For the complete article you can visit, ?http://yourstory.com/2016/05/startup-funding-changes/  
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