10 Apr 2015

Congratulations if your start-up’s fund raising plan has met all the six qualifiers necessary under SEBI’s proposed alternative capital raising platform for start-ups/ “new-age” companies (see previous blog that contains Part 1). Now is probably a good time to take stock of the other regulatory requirements that SEBI is looking to impose under the alternative platform. Relax- the new requirements are less stringent! This blog compares the proposed requirements for raising capital under the alternative capital raising platform with those that apply under the normal route, i.e. in accordance with SEBI (ICDR) Regulations, 2009.>>

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02 Apr 2015

 On March 30, 2015, SEBI issued a discussion paper on a proposed alternative capital raising platform (http://www.sebi.gov.in/cms/sebi_data/attachdocs/1427713523817.pdf) specially catering to start-ups/“new-age” companies. This is definitely a positive step by SEBI as it potentially offers a regulatory regime where start-ups can realize better valuations like in jurisdictions such as USA or Singapore,which have a head start in terms of a more conducive regulatory framework for start-ups to raise risk capital.>>

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24 Feb 2015

In recent years, Indian boxing has witnessed a series of controversial events, starting with the suspension of the erstwhile governing body, Indian Amateur Boxing Federation (IAB) . When the new governing body i.e. Boxing India (BI) was formed, there arose disagreements over its recognition by the Indian Olympic Association (IOA) . This was followed by another setback in the form of suspension of former world champion, Laishram Sarita Devi, a 2016 Rio Olympic medal hope for India, following her emotional outburst and refusal to accept the Bronze Medal at the 17th Asian Games held at Incheon in 2014 .>>

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30 Oct 2014

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, through a press release dated 22nd October 2014 announced setting up an IPR Think Tank to draft a National Intellectual Property Rights Policy and to advise it on IPR issues. The committee will also give its views/opinions on possible implications of demands placed by negotiating partner countries. This becomes essential especially when India and the US are trying to find a common ground on the prickly IPR issues in the working group to be set up under the bilateral trade policy forum.>>

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25 Aug 2014

The Government of India, vide its notification dated 1st August 2014 has amended the existing Trademark Rules, 2002, and the amended Rules are now referred to as the ‘Trade marks (Amendment) Rules, 2014’. The proposed amendments were initially notified and made available to public on 26th August 2013 inviting objection and suggestions from the public likely to be affected. Since, no objections or suggestions were received by the Govt. of India the proposed amendment were accepted and subsequently notified.>>

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23 Jul 2014

“Every tax ought to be so contrived as both to take out and keep out of the pockets of the people as little as possible over and above what it brings to the public treasury of the state” wrote Adam Smith in The Wealth of Nations (Book V, Chapter II, Part II).Taxes are a critical component of any government’s revenue. Hence, the rates and collection mechanisms must be judicious so that taxpayers are not overburdened. That alone will ensure improved tax collections- which is one of the avowed objectives of the transition to a GST regime.>>

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15 Jun 2014

The service sector accounts for more than 50% of India’s GDP and hence the study of tax on services is of great relevance. As and when it comes into effect, the GST regime is expected to subsume service tax. Therefore, issues in the present scheme of things under service tax may impede functional efficiency of the new GST regime.>>

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