Start-ups can now raise funding via ECB route!

Another funding option opens up for startups after RBI’s announcement for permitting Startup enterprises to access loans under ECB framework. RBI via its Circular A.P. (DIR Series) Circular No. 13 dated 27 October 2016 has permitted startups to raise external...

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,...