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In order to promote awareness and adoption of intellectual property rights of startups and protect and commercialise them, Indian Patent Office has issued some guidelines. This will guide the startups regarding the procedure to be adopted for filing/processing their applications for patents, designs, trademarks and fees to be paid to the facilitators thereof. The step […]
As if the slashing of their valuations was not worrying enough, the income tax department, it appears, is planning to tax startups who have witnessed a slash in valuations. Section 56 of the Income Tax Act confers the tax department the power to tax the excess consideration (more than the fair value) against issue of […]
It seems that PM Narendra Modi’s Startup India initiative is proving to be a walk on pins and needles for aspiring startups. In the last 3 months,out of 250 applications received, only one got clearance from the government to set up new business. Hyderabad-based Cygni Energy Pvt Ltd is the first startup to be selected. […]
Fund crunch is for real, and it’s adversely affecting a lot of companies today. Investors are increasingly becoming wary of placing big bets on startups. Private investment activity started on a tepid note in 2016 with private equity dealmaking staying weak while venture capital firms turning cautious on backing startups in the first three months. […]