Point C is like a slap in the face of entrepreneurship by making it seem that only after X years of 'bonded labour' will these people be worthy of starting up.

Point C is like a slap in the face of entrepreneurship by making it seem that only after X years of 'bonded labour' will these people be worthy of starting up. All companies started off by students who came for an MS/PhD & happened to be successful were borderline of the grey-area w.r.t. laws.