Business – Page 3 – Neeraj Bhagat & Co.

April 8, 2020 / Business

Indian Visa Requirements for Japanese Nationals

Under Indian law, the legal rights and the restrictions imposed on Japanese nationals depend on whether they are categorized as residents or non-residents.

Entry into India generally requires a valid visa granted by an Indian Mission (that is, consulate of the Indian embassy) abroad. Furthermore, foreign nationals who enter India must register themselves with the Foreign Regional Registration Office (FRRO) within 14 days of arrival if they intend to reside in India for a consecutive period of more than 180 …

April 8, 2020 / Business

India jumps 14 places to 63rd position on the World Bank”s ease of doing business ranking

India has jumped 14 places to the 63rd position among 190 nations on the World Bank’s ease of doing business ranking released on Thursday. Last year, India was on 77th position. The World Bank has commended the reform efforts undertaken by the country “given the size of India’s economy” in its ”Doing Business” 2020 report,India has improved its rank on 6 out of 10 parameters relating to starting and doing business in a country.The parameters for determining ranking on ease …

October 14, 2019 / Business

Going Global Live, London Excel – 27th & 28th of November

On the 27th & 28th of November, Europe’s leading event for expanding business overseas will be returning to the London ExCeL.

Going Global Live, sponsored by American Express, is the leading exhibition dedicated to providing businesses with absolutely everything they need to expand internationally and trade overseas. From globally recognised brands through to world-class seminars hosted by leading professionals, this event will be the one stop shop for all brands moving into the global arena.

2019’s …

April 8, 2020 / Business

UN releases ‘Digital Economy Report 2019’

The United Nations has released Digital Economy Report of the United Nations Conference on Trade and Development, which examines the implications of the digital economy, especially for developing countries. The Report provides valuable insights and analyses to support policymakers at the national and international levels to ensure that no one is left behind by the fast-evolving digital economy.

GST Cut for Outdoor Catering on the Cards
The Goods and Services Tax Council is likely to consider reducing the tax rate …

April 8, 2020 / Business

Now, Startups can issue DVR shares

Startups and technology companies will be able to issue shares with differential voting rights (DVRs) with the government amending the Companies Act provisions to help entrepreneurs retain control even as they raise equity capital from global investors.
The Ministry of Corporate Affairs (MCA) has raised the existing cap of 26 percent of the total post issue paid up equity share capital to 74 percent of total voting power in respect of shares with DVRs of a firm.
Such shares have …

April 8, 2020 / Business

Start-up laud Finance Bill amendments

Start-ups and experts welcomed the Centre’s move to encourage only genuine start-ups by introducing an amendment to the Finance Bill, passed by Lok Sabha on Thursday. This includes a penalty of 200 per cent for not complying with the conditions laid down for availing angel tax exemption.
The biggest relief for start-ups was the clarifications regarding angel tax as it had caused much headache to both investors as well as start-ups. Further extension of tax exemptions given under Section 54(g) …

April 8, 2020 / Business

More Good News in Works for Startups

There could be more measures in the offing for startups following the budget announcements. The government is working on another set of measures that could be rolled out soon to make it easier for them to do business in the country.
A new set of tax return forms, aimed at saving angel investors and startups from any questioning by tax officers, will be rolled out by September.

“We would be modifying the return forms, which will allow the system to …

April 8, 2020 / Business

India Green Budget 2019-20

Union Budget 2019-20 has been presented on July 5th, 2019, washing away all the uncertainties and assumptions. This first maiden budget of Finance Minister Nirmala Sitharaman comes out to be an ambitious one, aiming to fulfill the dreams of Modi 2.0 Government to take India’s economy to USD 5 billion by 2024.
The budget 2019 offers incentives for startups and MSMEs, strengthens NBFCs, eases the tax compliance norms, prioritises empowerment
of rural India and women and focuses on …

April 8, 2020 / Business

Startup Companies rejoice as SEBI approves framework for issue of differential voting right

The tech-savvy start-ups will be beating drums as the market regulator, SEBI, in its board meeting held on June 27, 2019 has decided to come up with new norms for issuance of Differential Voting Rights (DVR) shares. The proposal related to issuance of DVR would be considered as a game changer for start—ups which are dealing with technology.
This is a welcome move by SEBI for startups. The framework for issuance of DVRs would allow promoters of startups to have …