The new wave of Indian enterprise has taken the country’s young blood by storm. The government has created a vibrant entrepreneurial ecosystem, thanks to Startup India, and now anybody can dream of owning a business. However, in recent times, we have seen some start-ups had to shut their do…
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Deposit norms relaxed to help startups raise funds
In order to make it easier for startups to secure funding, the government has exempted any advance of more than Rs 25 lakh to a startup from being treated as deposit provided that the person giving the money does it in the form of convertible note. According to the Companies Act of 2013, any comp…