Today, we are in the golden age of start-ups, where people are excited to take a risk for their dreams and passions. To run a successful company needs more than just a brilliant idea. For the pursuit of their dreams, entrepreneurs and current business owners need money. New business projects (whether for start-up or expansion of operations) often have trouble raising money. Today, several investors also pursue non-traditional investment opportunities to boost their portfolios during economic downturns, where expectations for commercial investment are becoming watertight. A convertible note ("Note") offers an opportunity to serve the needs of both the capital-needing start-up company and the opportunity-seeking investor. As informed by notification from the Ministry of Corporate Affairs dated June 29, 2016, the idea of convertible notes was implemented by amending the meaning of 'deposits' under the Companies (Acceptance of Deposits) Law, 2014.
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