Mumbai: The Securities and Exchange Board of India (Sebi) is taking a fresh look at setting up a regulatory framework for crowdfunding, said two people aware of the development. Sebi’s proposals include introducing a minimum net worth criteria for investors to be eligible to invest in start-ups t…
Tag: Nishith Desai Associates
‘Google Tax’ detrimental to start-up ecosystem: Experts
The equalisation levy, also known as ‘Google Tax’ which the government is imposing on online advertising revenue by non-resident e-commerce companies earned in India, is expected to adversely affect the startup ecosystem going forward, according to tax experts. The levy which is at 6 …
Undue fees can be the real barrier for start-ups: Google’s Kent Walker
The government should take a more studied step while imposing additional levies, especially on startups, said Kent Walker, Senior VP, Google. He said since margins for small businesses are thin, the imposition of “undue” fees can be a real barrier for them. His comments come at a time when the go…
‘Equalisation Levy’ to create a huge problem for start-ups: Tax lawyer Nishith Desai
As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a white paper released on Tuesday, said the measure would hurt Indian startu…