7/26/2019 Project BL
2/8
Table o Con!en!s
*orporate
Structure..................................................................1
State +or tarting the
buine...............................................1
Go%erning
-egilation.............................................................1
-egal Structure o+ &ewpaper
.ir"........................................3
Material
*ontract.......................................................................4
Regulator(
/o(........................................................................4
otential
-iabilitie...................................................................5
Ma'or *aelaw in the
Sector..................................................5
recautionar( Meaure
*oncluion...................................5
*orporate StructureThe Newspaper frm will be ormed under the
Limited Liability Partnership Act !!"
and act as a LLP #Limited Liability Partnership$ between the
partners. This is done as
the frm is started as a %enture between the partners so LLP will
help in pro%idin&
7/26/2019 Project BL
3/8
the 'e(ibility o the partnership and also the ad%anta&e o
limited liability o a
company at a much lower compliance cost) which is desirable or
the frm to ta*e
o+.
State +or tarting the buine
The main ocus or us to decide the state o business was to *eep
the tar&etaudience in mind and the scope o ser%in& the
customers. ttara3han is a state
which has hi&h potential and has emer&in& tar&et
audience but is still underser%ed.
,a-ority o people in ttara*hand preer /indi newspaper and want
it in print orm.
As per the 0ensus !11 sur%ey) the population in ttara*hand was
1)!1)1)25 and
the re&istered newspapers and periodicals included 33
dailies as on ,arch 31)
!141. we compare the stats o ttara*hand and ttar Pradesh) we fnd
that about
22)24 people are ser%ed by a sin&le daily in ttar Pradesh as
compared to -ust
3!)42 per daily in ttara*hand. This shows that the ttara*hand
mar*et is
underser%ed and has a scope or business or us. Addin& to
this analysis) the hi&h
literacy rate o 2.3 ma*es it a &ood place to start our
newspaper business.
Go%erning -egilation6ollowin& will be critical or us to
analyse or our newspaper business7
1 he re an Regitration o+ /oo3 Act, 18#$This was enacted to
re&ulate printin& presses and newspapers) or
preser%ation
o copies o boo*s and newspapers which are printed in ndia and
re&istration o
these with the authority.-egal ri3 an enalt(7 8tartin& the
business without prior appro%al rom9e&istrar o Newspapers o
ndia can land us in le&al troubles. :eclaration has to
be pro%ided to the 8:, beore startin& to print the newspaper
and it is the
responsibility o the owner to see that the copy o each newspaper
is *ept as
re;uired. Nonnly the o?cer empowered on behal o
0entral=o%ernment can ta*e action and present it in court. Non
