Convertible notes now possible for Indian Start-ups!

Funding of startups by way of loans becomes easier after exemption provided via amendment of Companies Acceptance of Deposits Rules, 2016. The MCA has exempted any advance of over Rs.25 lakh to a Start-up from being treated as deposit, provided that the person gives...

Equalisation levy applicable w.e.f June 1, 2016

6% Equalisation Levy is applicable from June 1, 2016. Here’s a brief note capturing essential provisions of the same: Specified services – as on date restricted to online advertisement, any provision for digital advertising space or any other facility or...

Startup India portal and App launched

The Startup India portal http://startupindia.gov.in and mobile app were launched earlier this week. Startup entrepreneurs can use this portal for: 1. Obtaining Information: on various notifications/ circulars issued by various Government ministries/ departments,...