Convertible Note (“CN”)-Additional And Flexible Funding Option For Startups

Convertible Note is an instrument evidencing receipt of money initially as a debt, which is- upon occurrence of specified events and as per the other terms and conditions agreed to and indicated in the instrument.   CONDITIONS TO ISSUE CONVERTIBLE NOTE (“CN”): The company that wants to issue CN...

Read More

Tax Exemptions for Recognised DPIIT Startups

A “start-up company” refers to a private company incorporated under the Companies Act, 2013, or Companies Act, 1956, or registered partnership firm or Limited Liability Company and recognized by the Department for Promotion of Industry and Internal Trade on following criteria: – Tenure of up to 10 years from...

Read More