SUGESTION FOR THE GROWTH OF VC
In order to ensure success of venture capital in India, the following suggestions are offered:
1) Exemption/concession for capital gains:
2) Development of Stock Markets:
3) Fiscal incentives:
4) Private sector participation:
5) Review the existing laws:
6) Limited partnership:
7) Public issue through OTCEI:
NITIN DESAI COMMITTIES RECOMENDATION
The above committee made the following suggestion:
To setup of an Early Stage Venture Fund(ESVF) through public private partnership(PPP) under the support of DSIR (Department of Scientific and Industrial Research)
To provide fiscal incentive by the way of a set-off against taxable income for those individuals who invest in starts-ups which originate from incubation facilities in research institutions.
To extend the same fiscal incentives to those who invest in domestic venture capital funds with a amount less than Rs. 250 crores provided such VCFs would be investing mainly in seed stage companies.
To create Limited Liability Corporation (GLCs) though an amendment on redeemability under the Companies Act.
In order to ensure success of venture capital in India, the following suggestions are offered:
1) Exemption/concession for capital gains:
2) Development of Stock Markets:
3) Fiscal incentives:
4) Private sector participation:
5) Review the existing laws:
6) Limited partnership:
7) Public issue through OTCEI:
NITIN DESAI COMMITTIES RECOMENDATION
The above committee made the following suggestion:
To setup of an Early Stage Venture Fund(ESVF) through public private partnership(PPP) under the support of DSIR (Department of Scientific and Industrial Research)
To provide fiscal incentive by the way of a set-off against taxable income for those individuals who invest in starts-ups which originate from incubation facilities in research institutions.
To extend the same fiscal incentives to those who invest in domestic venture capital funds with a amount less than Rs. 250 crores provided such VCFs would be investing mainly in seed stage companies.
To create Limited Liability Corporation (GLCs) though an amendment on redeemability under the Companies Act.