Regulation Of Startups And Unicorns Under Indian Corporate Law
- IJLLR Journal
- 1 day ago
- 1 min read
Harshit Tirthankar, BA LLB, SOA National Institute of Law (SNIL), Bhubaneswar.
ABSTRACT
Over the past decade, the startup space and more importantly the unicorns in India have together totally altered the way the Indian economy grows, the way we think of innovation and how corporate governance functions. These new companies show off entrepreneurial energy but also throw up regulatory puzzles because they grow so fast, use odd business models, rely on VC and foreign money. This paper focuses on the extent to which Indian corporate laws has attempted to keep pace with startups - from incorporation norms to the Startup India Initiative, board responsibilities, dual class shares quirks and tax/compliance woes. I'll analyse whether the laws strike the right balance of promoting innovation and safeguarding investors, and I'll suggest how the laws might change in future.
Keywords: Indian corporate law, Startups, unicorn, regulatory frameworks, corporate governance, Startup India Initiative, dual class shares, foreign investment, compliance.
