Start-ups mentored on Legal and Regulatory FW

Jan 13, 2021

A strong and appropriate legal framework is one of the most crucial foundations to be set while formation of an enterprise. World Trade Center Bhubaneswar organized the first technical session of the “Skill Development Series III - Starting a Start-up” based on the legal and regulatory framework applicable for start-ups. The series being organized in association with the Entrepreneurship Development Institute of India and Start-up Odisha was supported by Lex Protector LLP as the knowledge partner for this session in particular.

Mr. Aurobinda Panda, Managing Partner and Founder, Lex Protector LLP moderated the session. In his brief address he spoke about the start-up journey of Lex Protector and gave an introduction to the topics to be covered during the session. 

Ms. Rituparna Acharya, Legal Associate, Lex Protector LLP in her deliberations spoke about the legal definition of start-ups in terms various parameters such as age, entity type, turnover and nature of innovation. She shared insights on the legal compliances to be adhered by a start-up and also explained about the required documentations. She further spoke about the various processes which stand simplified for start-ups with respect to government procurement, patents, tax benefits, compliance regimes and faster exit process. 

Ms. Shilpa Chaudhury, Legal Associate and Intellectual Property Rights (IPR) expert from Lex Protector LLP briefed about the definition, importance of Intellectual Property and the advantages of having the property registered for execution of legal monopoly rights over the created idea. She deliberated on the uses of trademarks as a major player for effective execution of the marketing and promotion strategy of the firm. She shared insights on patent and copyrights as well. She explained about the necessary quotients for creation of IPR for Start-ups and also spoke on the creation and termination different types of employment as well as vendor agreements. She further strengthened her deliberations by sharing a case study of BYJU’s which is one the major clients of Lex protector LLP. 

Earlier Ms. Nimeshika Natarajan, Assistant Director, in her address spoke about the various initiatives of taken by the center during the unprecedented times of COVID 19. While speaking about the Skill Development Series she shared the feedback received from the attendees for the earlier sessions of Series I & II and how the attendees have benefited out of the program. While welcoming all she took the opportunity to introduce the speakers and urged the attendees to acquire the best of information from the available resource persons. 

An interactive question and answer session further added value to the discussions creating a good learning experience for the attendees.