COMPONENTS OF STARTUP INDIA
Simplification & Handholding Compliance regime based on self-certification: The idea is to reduce the regulatory burden on startups, so that they can focus on their core business and keep the cost of compliance low. The regulatory regimes will thus be made simpler and flexible; inspections more meaningful and simple. Startup India Hub: Creation of a
- Published in COMPONENTS OF STARTUP INDIA, Funding support & Incentives
Clarification on #Loans and Advances to #Employees: Section 186 Company ACT 2013
Clarification on #Loans and Advances to #Employees: Section 186 of the Companies Act, 2013 imposesrestriction on companies from giving loans to any person more than a threshold level. The Ministry ofCorporate Affairs vide General Circular No. 04/2015 dated 10.03.2015, clarified that loans and/or advances to their employees, other than managing and whole time directors, are not governed by the requirements