For a web startup in India, all you need to do is fill out an application to register as a proprietorship or partnership and start hacking away. The proprietorship form takes about 30 minutes to fill out and is processed in two weeks and you don't need to pay a bribe.
Once you scale up such that you need to change from a simple proprietorship to something more structured such as a private limited company you can hire a lawyer to do that for you. You could incorporate in India, USA or Singapore - whichever one suits you. I know startups in all three of these categories.
As for the non-conformity and risk-taking - I think that is exactly the point the blog author is trying to address - someone has to be the first one to stop conforming to the societal roles and IITians should lead the way.