Technology and Internet
Budget 2021 is a sigh of relief for startup ecosystem
05 Feb 2021

Budget 2021 was the most keenly watched event by the startup sector and Finance Minister Nirmala Sitharaman has offered a number of initiatives to foster growth in the sector. The government has acknowledged the need for specific initiatives to boost various segments within the broader startup ecosystem.

One initiative that stands out for the sector is the ease of norms for Non-Resident Indians (NRIs) to set up a one-person company (OPC) to promote startups. Other positive steps include the revision of the definition of small companies and a proposal to decriminalise several procedural and technical compoundable offenses under the Limited Liability Partnership (LLP) Act.

The full article was originally published on Moneycontrol

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

I have read the privacy policy and I agree to its terms.