Startup Law Videos - Key elements in a legal startup term sheet [Part 2]

Before starting one's own venture in India, the land of opportunities, it is imperative to keep a few things in mind. It is important for you to have knowledge about a few elements before putting pen to the paper.

Other important elements include the board composition. Board composition states the number of members that the investor gets to keep on the company board. Another important element involves the issues termed as "reserved matters". Reserved matters include those matters for which the consent of the investors is mandatory. It is important to leave out issues of day to day nature out of these reserved matters list. Including such activities would lead to operational difficulties.

Advocate Dhruv Suri can be consulted for further information at http://lawrato.com/advocate-dhruv-suri or by calling 09599-000-555.