Argues that taxes on unlisted securities are nearly 2.4x those of listed ones, even as investments into unlisted firms and startups were leading asset and job creation
The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India
The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn
The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation
