The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft nor…
Tag: Limited Liability Partnerships (LLPs)
Start-ups formed under Limited Liability Partnerships to get three-year tax holiday
The Modi-led Government has given a boost to the start-up ecosystem in the country by allowing start-ups, set up as Limited Liability Partnerships (LLPs), to be eligible for a three-year tax holiday. This forms part of the 55 amendments moved by Finance Minister Arun Jaitley to the Finance Bill 2…