After the landmark ‘Startup India Plan’ got a good reception from entrepreneurs, more benefits are expected to come to startups this budget season. So, we’ve compiled a list of startup takeaways 2016 budget must bring. Minister of Finance is expected to do away with certain outdated rules related to business taxation. These amendments will benefit...
The Companies Act, 2013 came with the groundbreaking amendment that legalized ‘One Person Company’. Earlier an entrepreneur who wanted to venture out alone had to go for the Sole Proprietorship. This meant that entrepreneurs were prone to risks arising from unlimited liability. OPC was created with an aim to support young entrepreneurs who faced this problem....
The Government of India has notified the Companies Incorporation Amendment Rules 2016 (‘Amended Incorporation Rules’). This legislation makes the method of reservation of name of companies simpler. Following changes have been made for accelerating the ease of doing business in India 1. Business purpose can be omitted from the name of the company: As per the...
Latest RBI monetary policy statement brings great news. RBI has eased Foreign Direct Investment regulations. This statement boosts Modi’s government’s Startup India Program. These are 3 great Startup takeaways the announcement brings: Start-ups can now accept Foreign Direct Investment (FDI), which means more quality venture capital options for startups, irrespective of the sectors they operate in....
The Companies Act, 2013 and The Limited Liability Partnership Act, 2008 have brought more business formation choices for entrepreneurs. Among these options Private Companies & Limited Liability Partnerships (LLP) are the most popular now. Private Companies are becoming the go-to option for entrepreneurs seeking flexibility, funding and growth. But this choice comes attached with legal and compliance norms such as registration/incorporation rules,...
Finance Minister Arun Jaitley, will inaugurate ‘Invest Karnataka 2016’ on 3-02-2016. Industries Minister R V Deshpande, would be chairing this 3 day marathon event. Like the yesteryears ‘Invest Karnataka 2016’ is focusing on delivering prosperity with keen policy steps which accelerate deployment of smart, green, innovative technologies and processes. # Fact 1 A big delegations...
This article is about exploring whether your business would be eligible for the slew of benefits Modi government’s ‘Startup India, Standup India’ brings. Given below is a flow chart depiction of the ‘Startup India, Startup India’ eligibility criteria. Startup India Eligibility To be recognized as an eligible startup and receive backing under Startup India Action Plan:...
SBI initiates ‘InCube’ a special branch for Startup banking and financial needs in Bangalore. SBI InCube will deliver tailored made financial and banking solutions to cater to the needs of entrepreneurs. Be it a custom banking solution or investment advice in every stage of a Startup’s journey, the InCube is all out there for startups!...
A Limited Liability Partnership has many advantages compared to a private limited company or public limited company. Here are 8 benefits of registering a limited liability partnership: 1.Limited Liability In a Limited Liability Partnership (LLP), no single partner is responsible for the misconduct of another partner. The personal liability of any individual partner arising from any incompetence...
Startup India Standup India- initiative was revealed at the Red Fort on 15th of August 2015. Five months later, on 16th January, Startup India, Standup India action plan was released. This groundbreaking initiative by the Modi government to improve startups ecosystem in India got a great response from the business community. Below are the 8 policy initiatives...