New business entities, which meet the government-prescribed definition of ‘startups’, will no longer have to suffer the burden of ‘angel tax’. This will enable them to obtain investments from unregistered venture capital funds or high net worth individuals, without having …
Tag: SEBI
FICCI report on corporate governance seeks further amendments to the companies act
FICCI released a survey-based report today on the state of Corporate Governance in India. The report titled ‘Corporate Governance in India@2016: Where do we stand?’ takes an objective look at the reforms introduced by the Companies Act, 2013 and SEBI Listing Regulations and their collective impac…
SEBI plans to relax start-up listing norms by next month
To make start-up listing platform more attractive, regulator Sebi plans to relax norms by next month to help them tap this avenue for raising funds as also to give an easier exit opportunity to their existing investors including from abroad. The platform is aimed at providing easier exit options …
Quality companies & intermediation will be key determinants of a self -sustainable SME exchange | Seema Nayak, Head – NSE Emerge
NSE-EMERGE is a market place promoted by National Stock Exchange (NSE) to bring together investors and emerging SMEs on a common exchange platform. It offers opportunities to investors to invest in emerging businesses while offering capital raising opportunities to credible and fast growing busin…
GST legislation likely to be passed by Rajya Sabha in forthcoming session | Ajay Tyagi
May 25, 2016 | Additional Secretary, Ministry of Finance, Ajay Tyagi said that the government of the day was making all out efforts and trying its best to create consensus for the smooth passage of GST and hoped that the upper house of the Parliament would be able to pass the legislation in the f…
Government revises norms of performance in Credit Rating Scheme
Government approved the revision in guidelines of the Performance in Credit Rating Scheme, aiming to increase its credibility and effectiveness for both borrowers and banks. Under the revised guidelines, the fee to be paid to the rating agencies shall be based on the turnover of the Micro and Sma…
Tight government regulation, lack of innovation limiting Crowdfunding startups
Crowdfunding is globally a $16-billion industry and as per estimates, in 2016 with a total investment volume of $34 billion, it is likely to overtake the amount of equity funding from venture capitalists to startups which is $30 billion. Even as equity crowdfunding is one of the fastest growing m…
Two companies to migrate to BSE’s mainboard from SME platform
Two firms — Comfort Commotrade and Looks Health Services — will migrate to BSE’s mainboard from the stock exchange’s Small and Medium Enterprise (SME) platform. This will take the total number of companies migrating to mainboard platform to 18. In separate circulars, the e…
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…