A global report by management consulting firm Zinnov, titled ‘The AI Spring — Innovations for the next decade’, says investor…
Articles on "Start-ups"
In order to promote the Start-Up ecosystem in the country and incentivizing the entrepreneurs in setting up new start-up ventures and thus catalyze the creation of employment opportunities through them, the Ministry of Labour & Employment had issued an advisory to the States/UTs/Central Labour Enforcement Agencies on 25th April, 2016, for a compliance regime based on self-certification and regulating the inspections under various Labour Laws.
Intellectual Property Rights (IPRs) are emerging as a strategic business tool for business organizations to enhance industrial competitiveness. Start-Ups, with limited resources and manpower can sustain in the highly competitive world only through continuous growth and development oriented innovations. It is important for such innovations to be protected. Hence the Scheme for Start-up Intellectual Property Protection (SIPP) was launched by the Government of India on 22nd April, 2016.
This week’s article explores the SIPP in detail.
The Startup boom has continued in India with more rigour than ever before. Hence to promote ease of doing business and contribute to an eco-system conducive for growth of entrepreneurship, particularly in respect of the start-up enterprises, RBI Governer Dr. Raghuram Rajan, in the Sixth Bi-monthly Monetary Policy Statement, 2015-16 dated 2nd February, 2016 has highlighted the steps being taken, steps proposed to be taken and proposed steps already under consideration, with respect to the Government’s initiatives.
This week’s article “Start-up initiatives” by RBI which will provide a detailed view of all such steps highlighted in the Sixth Bi-monthly Monetary Policy Statement, 2015-16.
As per U.K.Sinha (SEBI Chairman), in India, technological start-ups have crossed 3,000 and the way the new start-ups are coming up at the rate of almost 800-1,000 per year, it is expected that the number of technological start-ups would cross 10,000 start-ups by 2020. A large number of start-ups will be looking to raise funds. In order to encourage the Indian start-ups and entrepreneurs to remain within the country rather than moving abroad for funds, SEBI has introduced changes in the existing norms for listing on Institutional Trading Platform (”ITP”). The existing Chapter XC of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 – “Listing and Issue of Capital by Small and Medium Enterprises on Institutional Trading Platform without Initial Public Offering” which was introduced in October, 2013, has been replaced by new Chapter XC named “Listing on Institutional Trading Platform”.
The existing regulations already allowed SMEs to list themselves on ITP without a public issue. Amongst many other advantages, these new norms have done away with various eligibility criterion which laid restrictions on the turnover, paid-up capital, years the company has been in existence, etc. The new regulations provide the option for listing on ITP with or without a public offer. This article shall provide you with a summary of these newly introduced regulations.