In a move to simplify the process of raising fund for start-ups, the Corporate Affairs Ministry has allowed these companies to accept deposits from shareholders. This amount will be separate from their share in start-up. Prior to amendment in the rules of the Companies Act, only limited liability…
Tag: LLP
10 fundamental legal requirements for every start-up
One of the principal causes which lead to the failure of a startup is disobeying the law. Startup founders while beginning the business may set aside many compliances for ignorance of law. However, no court of India accepts ignorance of law as an excuse. Besides, the legal jargons and expenses ma…
MIT startup workshop from March 21-23
Massachusetts Institute of Technology would be organising a Global Startup Workshop in the city from March 21 to 23. The three-day workshop which is powered by KGS Advisors LLP (KGS), core partner Confederation of Women Entrepreneurs (COWE) and Host Partner Catalyzer, will be attended by 400 star…
RBI proposes easier access to Foreign Capital for start-ups
The Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement, has proposed steps to improve ease of doing business for start-ups through easier access to foreign capital and by enabling smoother transfer of ownership. RBI Governor Raghuram Rajan said the central bank wants t…
Reduce tax burden of start-ups: NASSCOM to FinMin
National Association of Software and Services Companies (NASSCOM) wants startup to be redefined and demanded tax sops for startups in the forthcoming general budget to be presented to Parliament by Finance Minister Arun Jaitely on February 29. In a pre-budget memorandum, NASSCOM demanded that st…