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  • MCA amends Deposit Rules for Startups

    MCA amends Deposit Rules for Startups

    The Ministry of Corporate Affairs has amended the Deposit Rules to allow start-ups to raise funds through corporate bonds or other convertible instruments for 10 years instead of 5 years. So an amount of twenty-five lakh rupees or more received

  • Start ups and MSMEs: Registration and Advantages features of Atma Nirbhar package

    Start ups and MSMEs: Registration and Advantages features of Atma Nirbhar package

    Start ups and MSMEs: Registration and Advantages features of Atmanirbhar package from Novojuris Start Ups: Definition and criteria Tenure: A private limited company, a registered partnership or a limited liability partnership in India is considered a startup up to

    NovoJuris
    By NovoJuris about 3 years ago
  • Convertible Notes - India: Issuance, Conversion, Taxation

    Convertible Notes - India: Issuance, Conversion, Taxation

    Convertible Notes - India: Issuance, Conversion, Taxation etc from NovoJuris Legal   Concept To encourage and boost the highly volatile Start-up culture in India, the Govt. of India issued Consolidated FDI Policy in 2017. The thrust of the policy

    NovoJuris
    By NovoJuris over 3 years ago
  • Issuance of Convertible Notes in India

    Issuance of Convertible Notes in India

    The definition of a ‘convertible note’ first came in through a notification dated 29 June 2016 that amended the Companies (Acceptance of Deposits) Rules, 2014 (the “Rules”). A convertible note is defined under the Rules as an instrument evidencing receipt

    PA
    By Paul Albert almost 5 years ago
  • Amendments to Companies Act and some relief to Permitted Startups

    Amendments to Companies Act and some relief to Permitted Startups

    With the ability to modify the guidelines quick and fast, Companies Act has become dynamic. On 19 July 2016, the Ministry of Corporate Affairs notified the Companies (Share Capital and Debentures) Third Amendment Rules 2016 (Amendment) to amend certain provisions

    Sharda Balaji
    By Sharda Balaji about 7 years ago
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