Start-up India Action Plan – Devil is the detailing (Part 6)

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 →

Start-up India Action Plan – Devil is the detailing (Part 5)

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 →

Start-up India Action Plan – Devil is the detailing (Part 4)

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”[1] in the Finance Bill, 2016. On 14 May 2016, the Finance Bill, 2016, after various amendments, has received the assent of the... Continue Reading →

Start-up India Action Plan – Devil is the detailing (Part 3)

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 →

Start-up India Action Plan – Devil is the detailing (Part 2)

This post deals with the process of registering a Start-up as provided by DIPP Registration through the Start-up India Platform. Submission of application along with any of the following supporting documents: a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from any Incubator established in a post-graduate college in... Continue Reading →

Start-up India Action Plan – Devil is the detailing (Part 1)

Start-ups in India have been witnessing a favourable environment for their growth and development. New laws are being formulated and outmoded laws are being amended to suit the best of their interests. On 16 January 2016, Prime Minister Narendra Modi unveiled the landmark Start-up Action Plan (“Action Plan”) which set the ball rolling on the Government of... Continue Reading →

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