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Vatsal Gaur
Corporate Lawyer | Entrepreneur | Angel Investor | Board Advisor
Vatsal Gaur is a seasoned lawyer and a partner at King Stubb and Kasiva, a prominent law firm in India, specializing in Corporate and M&A, Private Equity, Venture Capital, Blockchain, and Web3 practice areas.
With an extensive background in prestigious law firms like Khaitan & Co, J. Sagar Associates, and HSA Advocates, Vatsal has a wealth of experience in M&A, private equity, and venture capital transactions, particularly in the tech sector.
Apart from his legal expertise, Vatsal is actively involved in various startup initiatives, as a mentor for incubator programs, a member of industry organizations like CII and Bombay Chamber of Commerce, and a charter member at TiE Delhi NCR.
He is a notable figure in the media, regularly contributing to business publications, and frequently participating as a panelist or speaker at corporate events and business forums.
In addition to his legal practice, Vatsal holds ownership interests in Reblock Technologies, a blockchain development studio, and The Happiness Room, a metaverse development studio, both ventures reflecting his interest and investments in Web3, blockchain, and ESG startups.
Vatsal Gaur is a law graduate from National Law University, Jodhpur, with a specialization in corporate governance, and has also undertaken programs in global leadership.
His diverse professional background, from working in top law firms to owning and advising startups, showcases his versatile skills and interests in the legal, tech, and entrepreneurial domains.
Highlights
💡Angel Tax is Withdrawn 🆙
▶️ The notorious Section 56(2)(viib) of the Income Tax Act would tax the difference between issue price of unlisted shares and their fair market value as income in the hands of the company.
▶️ Several startups suffered as a result of this provision, often times, leading to founders even setting up companies overseas.
🆕 The section will no longer be operational from April 1, 2024 (once the Finance Bill gets passed). This means that all startups who raise capital at a premium shall not be subject to this Angel tax from April 1, 2024 onwards (April 1, 2025 mentioned in the Finance Bill is for the relevant assessment).
Future Outlook:
➡️ What remains to be seen now is how existing cases where notices were served on several founders and companies will be dispensed with.
➡️ The finance ministry would do well to notify the administrative departments to dispose off pending proceedings and to not initiate new ones even for cases before April 1, 2024 to create a level playing field between companies that have raised capital prior and after such date.
#angeltax #tax #financebill
Was nice to share some thoughts with Akshata G. and Financial Express (India) on SEBIs new proposed fixed price mechanism as an alternative to reverse book building for voluntary delisting schemes.
Read on to know more: https://lnkd.in/g25YCj_D
#SEBI #delisting #law
