Venture capital is a useful source of risk capital, especially for start-up ventures in the knowledge-intensive sectors. Since such funds enjoy a pass-through status, it is necessary for the government to limit the tax benefit to investments made in truly deserving sectors.
Titus & Co
As of December 2007, there were more than 60 major venture capital funds (VCF) in India. These funds have been attracted by the pass-through status available under the tax laws as well as the educational level and technological expertise of the Indian population.
The Indian government’s efforts to develop venture capital investment in order to promote industrial growth have resulted in various regulatory changes that affect both domestic and offshore investors.
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Titus & Co Advocates is a full service law firm based in New Delhi. The firm can be reached at titus@titus-india.com.
Titus & Co
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R-77A Greater Kailash-I
New Delhi – 110 048
India
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