Policy Radar

SEBI has updated minimum corpus requirements for Category II AIFs to ₹20Cr (up from ₹10Cr). Impacts all seed-stage funds with investors below this threshold.

CBIC clarified that SaaS products consumed outside India qualify as export of services. Ensure your invoices include 'Place of Supply: Outside India' to claim zero GST.

All payment aggregators must complete PA licensing by March 31, 2026. If you accept payments via third-party aggregators, ensure your provider has a valid PA licence.

DPIIT has opened the Q2 2026 startup recognition window. Apply before June 30 to access Section 80IAC tax benefits and procurement fast-tracking.

RBI has simplified FEMA reporting for startups receiving foreign investment via automatic route. Single-window filing now available via RBI portal.

Budget 2026 deferred ESOP tax to the point of sale (not exercise) for DPIIT-recognised startups. File the required declaration form with your CA before April 30.

All 4 labour codes are now notified. Startups above 10 employees should review Wages Code, Industrial Relations Code, and Social Security Code compliance requirements.

DPIIT-recognised startups can now file patents at 80% discount via the IP Facilitation Centre. Processing time reduced to 18 months from 36+.