For the first time, the consolidated FDI policy (released on August 28, 2017) lists start-ups as a separate section. This shows that start-ups are on the government’s top agenda. The policy allows start-ups to raise foreign money from VC funds and other investors through instruments such as convertible notes. Start-ups can issue equity or equity-linked instruments to foreign VC investors.
Rakesh Nangia, Managing Partner and Neetu Singh, Director- Direct Taxation contributed an article on “MORE POWER TO INDIAN START-UPS” for Financial Express- Opinion page