Page 99 - Quick Insights Book 2022

Chap. 27 – Startups

or any timeline-based exit options or subsequent & wishes to facilitate the creation of ideas and inventions that
changes in capital structure in future. Structuring benefit society. The accounting profession has a deep reach
of ESOPs (Employee Stock Option Plans), Sweat and connects to the MSME sector as SMPs are the trusted
Equity Pool or Community Stock Options Pool are financial advisor of MSMEs providing a variety of services
also key to the subject. including project financing, working capital management, asset
management, export promotions advice, budgetary forecasts,
As per the Economic Survey 2021-22, India has become the financial modelling, preparing standard operating procedures,
third largest ecosystem for Startups in the world after US assessing the design and operative effectiveness of internal
and China with total 83 unicorn startups by 2021.
controls besides regular accounting, auditing and taxation
Chartered Accountants can play a pivotal role in improving services.
the financial health of the Startup Ecosystem.
Members may visit to explore opportunities available at the
website maintained by ICAI at https://startup.icai.org/
ICAI SUPPORT

ICAI aims to coordinate, synergise and leverage the various
strands of excellence driving innovation and entrepreneurship

Important Links
• Members may refer https://www.Startupindia.gov.in/content/sih/en/government-schemes.html for various central government
schemes available for Startups.

86 Quick Insights on Professional Opportunities for Chartered Accountants