Weekly Funding Report (31 Jan– 05 Feb 2022)

30 Indian Start-ups raised funding in the first week of February, 22 received a total sum of about $467.49 million, meanwhile funding of other 8 remained undisclosed. Following are some key Transactions: Chargebee, a subscription management and recurring billing platform,... Read More →

Posted in Transaction Advisory |

Weekly Funding Report-24th January-29th January, 2022

43 Indian Start-ups raised funding in the last week of January, 35 received a total sum of about $1701.8 million. Swiggy alone mopped about $700 million. Following are some key Transactions: Moglix, a B2B industrial goods marketplace startup has raised... Read More →

Posted in Transaction Advisory |

The Haryana State Employment of Local Candidates Act,2020

Background: The Haryana State Legislative Assembly has passed the Haryana State Employment of Local Candidates Act, 2020, to make responsible all employers in the private sector in the State of Haryana to provide 75% employment of new jobs to the... Read More →

Posted in Regulatory |

CBDT Extends Due Dates for Filing of Income Tax Returns & Various Audit Reports for AY 2021-22

In the light of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961 (‘Act’), CBDT... Read More →

Posted in Direct Tax |

Prompt Corrective Action Framework for NBFC’s [Effective from October 1, 2022]

RBI vide Circular RBI/2021-22/13DoS.CO.PPG.SEC.7/11.01.005/2021- 22, dated 14th December, 2021 has issued guidelines for a prompt  corrective action framework for non-bank finance companies. The PCA Framework for NBFCs comes into effect from October 1, 2022, based on the financial position of... Read More →

Posted in Regulatory |