First, regulatory authorities should work closely with start-ups and investors to establish clear guidelines and best practices for valuation. Transparency is paramount and start-ups must maintain comprehensive records of their valuation methodologies.
Income Tax Department sleuths raided the residence of a trader in the neighbouring Shamli district and seized nearly Rs 2.5 crore in cash, an official said on Friday.
According to the department’s Commissioner Yogesh Nayyar, Rs 2,35,00000 in cash was seized from the residence during the raid on Thursday, besides documents about undeclared assets.
The officer said some of the documents relate to ‘benami properties’.