It will save a lot of time for founders to focus on work and also ease up the funding process which gets on hold for such statutory filings." ![]() This should help startups ease the processes involved, give laxity in penalties for any delay in GST or such statutory filings, ensure quick resolution of any disputes of compliance-related matters. The government should introduce some flexibility in attracting or remitting foreign funds for companies that are registered under startup (DPIIT programs). However, an increase in economic activity is yet to be seen which is giving revenue pressure for startups. ![]() ![]() On the other hand, Mridu Mahendra Das, Co-founder and CEO, Automovill said: "Post-pandemic the startup ecosystem is booming at a neck break speed in terms of funding and adoption.
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