Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • TAX TREATMENT OF ESOP DISCOUNT – BIOCON CASE

    TAX TREATMENT OF ESOP DISCOUNT – BIOCON CASE

    Income Tax Appellate Tribunal in a recent order (Dy. Commissioner of Income-tax (LTU), Bangalore Vs M/s. Biocon Limited) (“Case”) held that “discounts under the ESOP are an employee cost and should be allowed as a deduction over the vesting period, in the hands

    Sharda Balaji
    By Sharda Balaji almost 7 years ago
  • India conserving its forex

    India conserving its forex

    Reserve Bank of India has today announced following measures to aim at rationalizing the Foreign Exchange outflows by Resident Indians. a)    Reduced the limit for Overseas Direct Investment under automatic route from 400% of the net worth of an Indian Party to 100% of its net

    Sharda Balaji
    By Sharda Balaji almost 7 years ago
  • Confused about ESOP versus Sweat Equity versus Shares against services?

    Confused about ESOP versus Sweat Equity versus Shares against services?

    Founders have this question and here is a comparative: ESOP AND TAX IMPACT An Employee Stock Option Plan (ESOP) is an option given to the employees to buy the shares of the Company. Until the option is exercised and converts

    Sharda Balaji
    By Sharda Balaji about 7 years ago
  • Deal structuring with the startup tax

    Deal structuring with the startup tax

    The Finance Act 2012 brought in an amendment to tax the share premium which is above the fair value of investment by the resident angel investors and not proven satisfactorily to the tax assessing officer.  This amendment is effective 1

    Sharda Balaji
    By Sharda Balaji over 7 years ago
  • India Budget 2013-14 : Impact on Angel Investors and Startups

    India Budget 2013-14 : Impact on Angel Investors and Startups

    We had shared this note privately to many of the angels and startups who are raising investment. And then, quite a few interesting conversations emerged. Sharing here for the larger audience. Here’s the link to the Budget Speech http://indiabudget.nic.in/bspeecha.asp. The references

    Sharda Balaji
    By Sharda Balaji over 7 years ago
  • IMPACT OF THE BUDGET 2012-13 ON THE PRIVATE EQUITY SECTOR

    IMPACT OF THE BUDGET 2012-13 ON THE PRIVATE EQUITY SECTOR

    With an attempt to take the country closer to Direct Tax Code (DTC) the Budget proposed for the year 2012-13 has a bearing effect on every strata of society. The Budget has posed a large impact on the private equity

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Legal Issues in E-commerce - Part 1 of the series

    Legal Issues in E-commerce - Part 1 of the series

    E-commerce has picked up in India and how ! We love when a young e-com business gives a large traditional organization a run, whose competitive advantage is just being big. Over three posts we plan to present some of the

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Legal Issues in E-Commerce - Part 2 of the series

    Legal Issues in E-Commerce - Part 2 of the series

    In the previous post  (http://novojuris.wordpress.com/2012/01/12/legal-issues-in-e-commerce-part-1-of-the-series/) we provided a glimpse, that based on the specific nature of business, there are various legislations that an e-com business has to comply with. This post examines some of the ‘core’ legal issues relevant to nature

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Legal Issues in E-Commerce - Part 3 of the series

    Legal Issues in E-Commerce - Part 3 of the series

    In the earlier posts, Part 1 and 2, we examined a few legal issues related to the business side of e-commerce and conducting business electronically. In this post, we are detailing some of typical questions that e-commerce businesses ask us.

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • ESOP to employees outside India – Part V of the Series

    ESOP to employees outside India – Part V of the Series

    We’re probably making the startup founder an expert on ESOPs :).  Startups who work with us understand our obsession of making them a success. In this post, we’ll discuss about legal aspects of ESOP to employees of the Indian company based

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • VC Funding and treatment of ESOP – Part IV of the Series

    VC Funding and treatment of ESOP – Part IV of the Series

    This is the fourth part of the Series on ESOP. We’ll discuss about how Venture Funds view Employee Stock Option Plan (ESOP). Almost always VC’s investment is on a fully-diluted-basis (FDB for short). FDB means the number of shares that

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • De-mystifying ESOP Implementation – Part III of the series

    De-mystifying ESOP Implementation – Part III of the series

    It is nice to have you come back for more. In this post, we’ll cover the nuances for implementing an Employee Stock Option Plan (ESOP) through a Trust (formed under the Indian Trusts Act) This is a little complex compared

    Sharda Balaji
    By Sharda Balaji over 8 years ago
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