Besides the rules mentioned in the draft issued in May, the notification has introduced an additional sub-clause addressing Compulsorily Convertible Preference Shares (CCPS).

Source: https://www.thehindubusinessline.com/economy/cbdt-simplifies-angel-taxation-norms-for-dpiit-recognised-start-ups/article67423208.ece

CCPS said that there was concern that in the current climate the "bandwidth" to truly engage in legislative improvement is "minimal".

Source: https://www.heraldscotland.com/news/homenews/23283677.sturgeons-new-care-service-disarray-union-boycott/?ref=rss