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Taxation of AIF and their investors in India

India is witnessing a boom in start-ups seen over the past decade, start-ups require capital to establish and grow and Alternative Investment Funds or AIF form some of the most …

Unregulated Deposit Scheme Ordinance: The Details

By Sakshi Goyal, Team CNK RK In order to address the gaps in the existing regulatory framework for deposit-taking activities and for formulation of new laws encompassing all the relevant …

What’s causing the MCA to be hyper ACTIVE?

The Ministry of Corporate Affairs (MCA) has been quite “Active” lately. In its latest diktat it has introduced a new form called the active company tagging identities and verification (ACTIVE) ...

Start-ups to find relief from the dreaded “Angel Tax”

The covenants of section 56 (2) (viib) of the income tax, better known as the Angel Tax, have been the bone of contention for many start-ups in the recent past. …

Budget 2019 : Updates

There were many hopes from The Union Budget 2019, given that 2019 is an election year. The middle class was hoping for tax rate cuts and there was talk of ...