1. Purpose of this disclosure
This page is the authoritative public disclosure of the current legal arrangement under which the Indian Venture Studio Association ("IVSA") is being developed. Statements about IVSA's permanent governance, membership, and operating model appear in its Bylaws and policies; statements about present legal status and transition appear only here.
2. Current legal status
IVSA is currently an initiative operated and administered by Northern Catalyst Private Limited ("Northern Catalyst"). IVSA has not yet been separately incorporated. No application to incorporate an IVSA Section 8 company has been filed as of the date shown on this page.
The name "Indian Venture Studio Association" or "IVSA" presently identifies the initiative and its activities. It should not be interpreted as a representation that a separate company, statutory association, charitable institution, or Section 8 company already exists.
3. Contracting and responsibility
Unless a document expressly identifies another legal person, contracts, invoices, receipts, payment obligations, website operations, data processing, vendor relationships, and other legally binding activities undertaken for IVSA during this period are entered into or administered by Northern Catalyst.
A proposal, expression of interest, application, website statement, draft program, or use of the IVSA brand does not create a legal membership, partnership, agency, fiduciary relationship, entitlement to governance rights, or obligation of a future entity.
4. Intended independent entity
Following IVSA's public launch, the founders intend to begin the process of establishing an independent not-for-profit company under Section 8 of the Companies Act, 2013. Incorporation will remain subject to name availability, professional advice, governmental approvals, filings, constitutional documents, appointment of the initial directors, and other legal requirements.
No completion date is guaranteed. IVSA will update this disclosure when a formal filing or incorporation milestone has occurred rather than describing an anticipated step as completed.
5. Governance during the current arrangement
Any current founding group, advisory group, or proposed office is consultative unless a written instrument expressly grants authority through Northern Catalyst. No person will be described as a Director of an IVSA Section 8 company unless that entity has been incorporated and the appointment has lawfully occurred.
The Bylaws describe the enduring organisational model intended for IVSA. They do not by themselves establish a separate company or override the statutory powers of Northern Catalyst during the current operating arrangement.
6. Membership and applications
Expressions of interest and applications may be collected to understand prospective participation. Unless formal membership terms expressly state otherwise, they do not create legal membership, voting rights, guaranteed admission, benefits, refunds, governance positions, or a claim against a future entity.
Before any membership fee is accepted, the applicable contracting entity, amount, taxes, benefits, duration, cancellation and refund terms, and treatment during a transition will be disclosed.
7. Payments, records, and tax documents
Any authorised payment collected during the current arrangement will be collected and receipted by the legal entity identified on the invoice or payment page, ordinarily Northern Catalyst. Applicable taxes and invoicing details will be stated in the transaction documents.
Northern Catalyst will maintain identifiable records for IVSA-related receipts and expenses. Publication of the IVSA Bylaws or planned not-for-profit objects does not change the legal or tax character of a payment received by Northern Catalyst.
8. Data protection
Northern Catalyst presently administers personal data collected through IVSA channels and is responsible for that processing as described in the Privacy Policy. Service providers may process data under appropriate instructions and safeguards.
If responsibility for personal data is transferred to a future entity, the transfer will occur through appropriate legal arrangements, security measures, notices, and consent where required. Individuals will be informed of a material change in the responsible Data Fiduciary.
9. Brand, content, contracts, and programs
The IVSA name, domain, website, content, research, program materials, contracts, receivables, liabilities, and other assets or activities will not transfer automatically. Any transfer or licence to a future entity will require appropriate documentation, valuation or accounting treatment where relevant, third-party consents where required, and compliance with applicable law.
Existing contracts will remain with the contracting legal entity unless validly assigned, novated, replaced, or completed. Counterparties will be notified where their rights or obligations would materially change.
10. No automatic assumption of liabilities
A future entity will not automatically assume every obligation, representation, application, payment, or commitment associated with the current initiative. Assumption of a contract, liability, benefit, record, or program will occur only through a lawful and documented arrangement.
Nothing on this page limits a person's non-waivable statutory rights or Northern Catalyst's obligations under an existing contract or applicable law.
11. Updates and reliance
This disclosure may be updated as verified legal milestones occur. Users should rely on the latest version published here and on the legal entity named in the relevant contract, invoice, consent notice, or official filing.
Questions about the current legal arrangement may be sent to legal@ivsa.in with the subject "Interim Legal Status". Requests concerning personal data may be sent to privacy@ivsa.in.