In its bid to boost the ecosystem for start-ups, the Ministry of Corporate Affairs (MCA) has notified a slew of operational and compliance relaxations. Key among them is the ability to raise deposits from members, with exemption from procedural compliance for an extended period of five years. …
Tag: Anita P Basrur
New exit norms will help failed start-ups
Mumbai: Companies will find it easier to shut shop by getting their names removed from the corporate register. As not all startups take off, the new provisions are expected to help entrepreneurs. Once this quick process is carried out, inoperative companies do not have to go through the tedious a…