Valuation, funding and Startups

Venture Capital Funds and Startups There are six different startup funding sources: friends and family, angel investors, an angel investor is a wealthy person who invests his or her own money in a company—usually a start-up—that is in the early stages of development. Angel investors expect to take ownership positions in the companies they support because […]

Memorandum of a Company

Section 4 of the Companies Act, 2013 (1) The memorandum of a company shall state—(a) the name of the company with the last word ―Limited‖ in the case of a public limited company, or the last words ―Private Limited in the case of a private limited company: Provided that nothing in this clause shall apply

Applicability of Income Tax Act, 1961

BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :— Short title, extent and commencement. 1. (1) Income Tax Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on

Definition of Relative under Income Tax Act

Section 2(47) of Income Tax Act defines relative as follows:“relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual Meaning there by, the following person are included in the definition of a relative:1: Husband/Wife of the Individual2: Brother and Sister of the Individual3: