GJM & Co.

Up-Start for Indian Start-ups: To Get 10-Year Waiver from Regulatory Filings Indian government has proposed recently to let start-ups issue sweat equity and grant additional exemptions, as the government is determined to ease norms for them under the Companies Act with a view to boost entrepreneurship in the country. According to the news, the ministry of corporate affairs plans to allow start-ups to issue 50% of their paid-up capital as sweat equity and extend the period of exemptions from other regulatory filings for up to 10 years instead of five now. They will be exempted for 10 years from a rule that bars private companies from raising deposits exceeding 100% of their paid-up share capital.   Exemptions already given to start-ups for 5 years will be available for 10 years, in line with the revised definition by the Department for Promotion of Industry and Internal Trade. The DPIIT expanded the definition of start-ups earlier this year to state that entities wo...

Outsourcing preferred, as businesses evolve! Today’s business owners are facing greater expectations when it comes to financial transparency and government compliance. All too often, businesses are juggling day-to-day responsibilities alongside more complex and time-consuming tasks such as finance, accounting, compliance, internal audit, and risk management. They are simply trying to do more with fewer resources. Increasingly, businesses, both large and small, are turning toward outsourcing as their preferred solution—with accounting being one of the primary outsourced tasks. In fact, many business owners are finding that outsourcing provides a unique opportunity to receive accounting support from talented professionals without the added overhead associated with in-house resources. As someone who’s working hard to drive efficiency and growth, and is responsible for directing your business and its operations – how do you make decisions? How do you create a well-informed,...