Govt Reduces Cost For Incorporating Startups

The Ministry of Corporate Affairs (MCA), vide notification dated 29th December 2016, has amended its incorporation rules. The changes in the principal rules have been briefed out as follows: Simplified…

Incubators, Funding Agencies To Be Blacklisted And Penalised If Startups Fail Innovation Criteria

Incubators and funding bodies providing recommendation letters, certifying startups as eligible to avail government tax benefits without proper examination or without being satisfied about the innovative nature of their business, will be blacklisted from giving any future recommendation, said the FAQs released by the Department of Industrial Policy and Promotion (DIPP) on Thursday.