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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

  • DPIIT released registration format for bidders from neighboring countries

    DPIIT released registration format for bidders from neighboring countries

    The Department of Industry Promotion and Internal Trade (DPIIT) has released a format for registration of bidders from countries which share land borders with India. The registration granted by this Department shall be only for the purpose of bid participation

  • COVID-19 Crisis: Revised FDI norms for neighbouring countries

    COVID-19 Crisis: Revised FDI norms for neighbouring countries

    Like many other countries, India is also trying to curtail opportunistic take-overs due to massive economic slowdown, falling share price/ valuation due to Covid19 pandemic.  The Department for Promotion of Industry and Internal Trade, issued a Press Note on 17

    NovoJuris
    By NovoJuris over 3 years ago
  • DPIIT registered Start-ups to get relief from Angel Tax. Recognition of Start-ups becomes easier

    DPIIT registered Start-ups to get relief from Angel Tax. Recognition of Start-ups becomes easier

    The Department for Promotion of Industry and Internal Trade (DPIIT) vide its press release dated 19 February 2019 has shared that the Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu has cleared a proposal for simplifying the process

    AS
    By Avaneesh Satyang over 4 years ago
  • Proposal cleared for DPIIT registered Start-up to get exemption from Angel Tax, definition of Start-ups widened

    Proposal cleared for DPIIT registered Start-up to get exemption from Angel Tax, definition of Start-ups widened

    The Department for Promotion of Industry and Internal Trade (DPIIT) vide its press release dated 19 February 2019 (Gazette notification is awaited) has shared that the Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu has cleared a proposal

    Sharda Balaji
    By Sharda Balaji over 4 years ago
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