Cabinet nod to Abolition of Foreign Investment Promotion Board

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to the abolition of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to process...

Angel Tax-Central Government-taxscan

Government eases Norms for Angel Funds

A framework for registration and regulation of angel pools under a sub-category ”Angel Funds” under Category I-Venture Capital Funds have been provided in SEBI (Alternative Investment Funds) Regulations, 2012 on 16.09.2013. Subsequently, in the board...