Policy Hacks blog

Convertible Notes July 21, 2016- By Sudhir Singh

In this session we take up another announcement by ministry of corporate affairs on convertible notes. This is a step forward to solving the problem of receiving funds as loan from foreign investors as convertible notes. Sanjay Khan Nagra talks about the issue in the video embedded below. What is a convertible note? Convertible notes […]

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Domestic venture debt July 15, 2016- By Sudhir Singh

In this session on Domestic venture  debt, we talk about a recent announcement by Government of India, that relaxed the provision on raising debt from domestic non-banking sources of funds. Sanjay Khan speaks on the subject in below embedded video. What is the problem, that this new announcement on domestic venture debt solves? Private companies […]

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Investment above Fair Market Value – no more Angel tax for Startups July 14, 2016- By Sudhir Singh

In this session we take up a long pending issue of “Angel Tax”. It has been given partial reprieve recently, under StartupIndia plan. We also discuss how startups can raise money from Angels, without getting trapped in fair market value rule of finance act 2012. Sanjay Khan speaks on the problem, the latest announcement and […]

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Demystifying Startup Tax June 3, 2016- By Sanjay Khan Nagra

Over the past couple of days, a lot has been written/discussed about the so called ‘startup tax’ and its perceived ill effects on the startup ecosystem. Under iSPIRT’s new initiative, PolicyHacks, I attempt in this note to demystify the legal/tax jargon around this tax and to clarify the proposed rule for the benefit of ecosystem […]

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Clearing the confusion on – SOFTEX form filing need May 14, 2016- By Sudhir Singh

There are instances, when Software exporting companies operating outside an export oriented scheme (STP, SEZ, EOU etc.) are advised, that there is no need for them to file SOFTEX forms. The young entrepreneurs in Startups, obviously get confused on this. In some cases, companies stopped getting SOFTEX certification done, after complying in past when they […]

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