Startups get up to 10 yrs for converting debt investment into equity

The government has extended the timeline up to ten years for startups to convert debt investments made in the company into equity shares, a decision which is likely to give a relief to budding entrepreneurs to deal with the impact of Covid-19 pandemic, according to a press note of the DPIIT.

from Economy-News-Economic Times https://ift.tt/fua87RM
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