Counsel

Startup India is a program which supports those enterprises which help in employment creation or wealth creation or both. Sole Proprietorship firms and One Person Companies (OPC) are not eligible to take benefits from this program.

However, there are different schemes to promote entrepreneurship like Prime Ministers Employment Generation Program (PMEGP), Subsidy for encouraging manufacturing firms through Industrial policies etc., where you will be eligible for the Government subsidies ranging from 15% to 30% of your investment.

You can also take small loans without collateral security under MUDRA scheme of the Central Government of India. It is also recommended for you to take MSME Registration so that you may become eligible for participating in tenders by state and central Government departments and enterprises where it is mandated that the procurement should be made from MSME enterprises only.

As per Sec. 134 of the Indian Contract 1872, the surety is discharged by any act or omission of the creditor the legal consequence of which is the discharge of the principal debtor. Therefore, in the present case omission on the part of the vendor to supply necessary material to be used in the construction of the house discharges the principal debtor.

Every Company whether public or private has to deliver the notice in-writing regarding the date of the upcoming BM at least seven days in advance, to the directors individually through the prescribed mode failing which every officer whose duty is to give notice, under this section, shall be liable to a penalty of ` INR 25,000 whether the pre-determined dates of holding BM is contained in AOA or not.

The answer to your question is NDA (Non-Disclosure Agreement) - NDAs are commonly signed when two companies, individuals, or other entities are considering doing business and need to understand the processes used in each other's business for the purpose of evaluating the potential business relationship. NDAs can be "mutual", meaning both parties are restricted in their use of the materials provided, or they can restrict the use of material by a single party. NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. Clauses related to non-competence can also be included in such agreements which can be enforceable subject to terms and conditions of the agreement.

Before signing NDA one should take the following precautions: 

1. Stamping & Registration: Ensure that the NDA is properly stamped(With the Requisite value) and is registered, thus making it legally enforceable.
2. Language: The language used in the agreement should be unambiguous and transparent. 
3. Confidentiality: Always properly understand the terms and conditions mentioned in agreement related to the point of Confidentiality.
Being a Legal document it is always advisable to get the agreement vetted from an expert before signing it to verify that all the necessary points have been covered up.