Corporate Law : Discover the essential exit strategies for startups in India, from the fresh start process under IBC to fast-track insolvency reso...
Income Tax : Learn about the tax implications for startups, including eligibility criteria, benefits, and procedures for recognition, exemption...
Corporate Law : Entrepreneurs who embrace slower growth and personal financial risk and value control, financial discipline, and sustainable growt...
Corporate Law : Explore the thriving startup ecosystem in India, driven by innovation, technological advancements, government support, and diverse...
Fema / RBI : The Foreign Exchange Management Act (FEMA) lays out the rules for investments in Indian startups and for transactions involving fo...
Corporate Law : Read about the ONDC Startup Mahotsav organized by DPIIT, a platform where startups harness the Open Network for Digital Commerce (...
Income Tax : CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities In the Finance Act, 2023, ...
Corporate Law : The National Startup Awards 2023 aim to recognize and reward outstanding startups that have demonstrated exceptional capabilities ...
Corporate Law : Centre spearheads several initiatives under Ease of Doing Business and Reducing Compliance Burden aimed at creating a conducive bu...
Corporate Law : Sustained Government efforts result in increasing the number of recognized Startups from 452 in 2016 to 84,012 in 2022 Sustained ...
Income Tax : ITAT Mumbai held that a start-up company incurring cost for branding of the company and other relevant expenditure which creates p...
Income Tax : In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associa...
Income Tax : Notification regarding Income-tax Act Section 56(2)(viib) and assessment of Startup Companies. Clarifications for assessing recogn...
Corporate Law : Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by M...
Corporate Law : Govt has notified that for an application for fast track corporate insolvency resolution process may be made also by a Startup (ot...
Company Law : (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall co...
Corporate Law : Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for p...
With an aim to encourage innovations and to promote entrepreneurship, the Government had launched the Start-up India Programme. The various tax benefits given to the recognised start-ups under the programme acts as a booster for the entrepreneurs. This article will drive you through the various tax benefits available to the Recognised Start-up entities under Income […]
According to the startup statistics India stands second highest number of startups which seems to be increasing day by day. Given that it becomes necessary to make sure they are following the necessary legal obligations. Not complying with laws can negatively affect the company as the damages can be huge and it also impacts the […]
The aim of the initiative is to foster entrepreneurship on the ground. The activities/programs conducted by the above states in association with Startup India consist of diverse programs, launch of key initiatives, inaugural of startup summits, and launch of startup policies, etc. The programs under the Azadi Ka Amrit Mahotsav Week will have a long-lasting impact on the entire startup ecosystem of India.
The fact that almost 65% of the country’s population comprises of young age particularly under age of 35 years is reason that our country has gain status of young nations in the world. Although it is true that the more the working eligibile population , the more the unemployment problems are, but if are to name one sector that is immensely contributing to resolve such issues, is the Micro, Small and Medium Enterprises sector
The Chicago Method is also known as the Venture capital method. It is a valuation approach for businesses and is used by Private Equity and Venture Capital Investors. The Chicago method merges the elements of the Discounted Cash Flow and a Multiple-based valuation. Developed by and named after the First Chicago bank, the Chicago method of valuation was initially discussed […]
In continuation of the previous article where the eligibility of Startup was discussed, in this article we shall discuss the Taxation & other benefits available to start-ups. Under the taxation benefits, following benefits shall be available to start-ups: I. Deduction Under Section 80-IAC of The Income Tax Act, 1961 (‘Act) II. Angel tax Incentive III. […]
According to Section 2(40) of the companies act, 2013, startup means (i) A private company registered under companies act, 2013 or any previous act (ii) Recognized as a startup in accordance with the Department of Industrial Policy and promotions (DIPP). In order to accelerate the spreading of the startup movement in India, the Government had […]
I. Introduction What qualifies as a “Start-up” under the Start-up India Scheme? An entity shall be eligible to apply for Start-up Registration if: 1. It is incorporated as a Pvt Ltd Company or registered partnership firm or LLP. 2. Up to ten years from the date of its incorporation/registration 3. Turnover for any of the […]
The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership. Turnover should be less than INR 100 Crores in any of the previous financial years since incorporation.
A lot of Startups are emerging in India. So, it is important for them to know which form and structure of entity is the best for them. If you want to enjoy both the features of a partnership firm and a company, you should think of Limited Liability Partnership (LLP). LLP for Startups in India […]
