RBI slaps penalty of 90.00 lakh on Vasai Vikas Sahakari Bank (See 'Corp Brief') Kimberly Watson joins Wipro as country head and MD for Canada Swiss Re to acquire 23% stake in Paytm’s general insurance segment for Rs 920 crore Affine to expands presence in Hyderabad & expects to reach a headcount of 1,000 people by end of next year MSME Minister launches SAMBHAV to promote entrepreneurship (See 'Corp Brief') IBC - Once claim is backed by award passed by the MSME Facilitation Council and there is no stay against same, Resolution Professional can not reject claim of applicant on ground that there is no due shown in the books of the corporate debtor against the applicant : NCLT (See 'Legal Desk') SEBI - Failure to appear before Investigating Authority and furnish information violates section 11C(3) : SEBI (See 'Legal Desk') Anurag Mittal, joins UTI Asset Management Company IEX to commence trade in Energy Saving Certificates India Post Payments Bank ties up with HDFC to offer home loans Incubation Centre for Innovation and Entrepreneurship at AIIA (See 'Corp Brief') RBI launches Consumer Confidence Survey (See 'Corp Brief') Phoenix Parentco acquires Parexel International; CCI okays (See 'Corp Brief') The Indian Contract Act - Injunction order restraining alienation of properties can be passed as it causes no inconvenience to defendant whereas equities require that interests of plaintiff be secured : HC (See 'Legal Desk') IBC - Petition filed u/s 7 of code can be admitted when corporate debtor fails to show any valid proof that debt due and payable to petitioner in his individual capacity is paid to him in his individual capacity : NCLT (See 'Legal Desk')

Startup India ecosystem gets big boost

Published: Sep 24, 2021

By TIOLCorplaws News Service

NEW DELHI, SEPT 24, 2021: THE Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is celebrating the Azadi Ka Amrit Mahotsav Week from the 20th of September 2021 to the 26th of September 2021. The role of states in promoting the Startup ecosystem has been pivotal for India's journey towards a leading global Startup hub. In the light of promoting and celebrating the Startup India initiative during the said week, Startup India is coordinating with the below States and Union Territories to organize/participate in startup events.

  1. Uttarakhand

  2. Meghalaya

  3. Andaman & Nicobar Islands

  4. Telangana

  5. Gujarat

  6. Karnataka

  7. Jammu & Kashmir

  8. Haryana

  9. Assam

The aim of the initiative is to foster entrepreneurship on the ground. The activities/programs conducted by the above states in association with Startup India consist of diverse programs, launch of key initiatives, inaugural of startup summits, and launch of startup policies, etc. The programs under the Azadi Ka Amrit Mahotsav Week will have a long-lasting impact on the entire startup ecosystem of India.

The above states are at different stages of the Startup ecosystem, i.e., ranging from emerging ecosystem to best performing ecosystem. To keep the interests of the Startup ecosystem in line, a wide range of themeshave been chosen to conduct these programs as per the ecosystem's needs. The themes vary from - Knowledge on Trademarking and Patents, Investments, Marketing, Mentorship, Regulations, Procurement, Community building, etc. Programs around these themes will equip entrepreneurs with immense knowledge to scale their existing venture to the next stage.