Gaming Legislation in India Under the Constitution of India, the State Legislatures have been entrusted with the power to frame legislation to govern “Gambling”. However, prior to independence, the then Central Government enacted the Public Gambling Act, 1867, which regulated gambling and other allied activities across India. Certain states in India have enacted their own... Continue Reading →
In our previous post on the Start-up India Action Plan (“Action Plan”), we discussed the various benefits announced for ‘eligible’ start-ups in the Action Plan and the regulatory changes that were proposed thereunder. We also highlighted that the Action Plan provided a definition as to what shall constitute an ‘eligible’ start-up. Further, the Department of... Continue Reading →
Valuation matters to entrepreneurs because it determines the portion of their company they have to give away to an investor in exchange for money. Ascertaining the most appropriate method of valuation of the securities of a company is in the event of receipt of an investment or sale of existing securities is an essential part of any transaction. This is also a statutory requirement.
The term sheet is intended to reflect the desires and concerns of the parties in a manner which is mutually agreeable to the participating parties.
With better access to funding, evolving technology space and increasing demand within the domestic market, the Indian start-up ecosystem has been rapidly progressing and the “Start-up India, Stand up India” initiative has provided a huge impetus to its growth by effectuating many favourable regulatory and policy changes. In addition to the technology space, which has... Continue Reading →
FUNDING SUPPORT AND INITIATIVES Fund of Funds with a Corpus of INR 10,000 crore In a recent Union cabinet meeting, the central government has approved the establishment of INR 10,000 crore ‘Fund-of-Funds for Start-ups’ at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with SEBI which would... Continue Reading →
Other policies and initiatives In line with the Action Plan there have been further many policies and amendments that have been formulated and are being successfully implemented to bring the requisite changes in the regulations. Set out below are a series of such polices which have been mapped to the actions points under the Action... Continue Reading →
Finance Act, 2016 and amendments incorporated into the Income Tax Act, 1961 Finance Minister Mr. Arun Jaitley during the Union Budget 2016-17 on 29 February 2016 announced certain tax incentives for “eligible start-ups” in the Finance Bill, 2016. On 14 May 2016, the Finance Bill, 2016, after various amendments, has received the assent of the... Continue Reading →
This post deals with the various initiatives and measures taken by the Ministry of Corporate Affairs ("MCA") and the Reserve Bank of India ("RBI") towards the Start up India Action Plan, Aimed at easing the hurdles that start-ups face and ensuring that the start-up culture in the country gets a boost, many amendments to key... Continue Reading →