DPIIT working out scheme enabling accredited investors to fund startups without any hitch
12 March 2019 7:58 PM GMT
DPIIT keen on regime where investors will be able to fund startups without caps.
- The Department for Promotion of Industry and Internal Trade ( DPIIT ) is looking to put in place such a regime so that investors will be able to fund startups without any limit.
- The DPIIT will hold discussions with stakeholders on the proposed framework, which will help startups raise funds from accredited investors without any hitch.
- The latest move is seen as a simple solution to the angel tax issue faced by startups, following on from recent changes put in place to protect genuine investors and startups.
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