Start Up Recognition

Introduction

Under the Start-up India Action Plan, start-ups that meet the definition as prescribed under the G.S.R. notification 180 (E), are eligible to apply for recognition under the program. The Start-ups must provide supporting documents, at the time of application.

What is defined as a Start-Up?

  • Up to 5 years from its date of incorporation / registration
  • Incorporated as either a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership
  • Turnover for any fiscal year has not exceeded INR 25 crore
  • Entity should not have been formed by splitting up or reconstruction a business already in existence
  • Working towards innovation, development, deployment or commercialization of new product, processes or services driven by technology or intellectual property

The Benefits Registering your Start-up

  • SELF CERTIFICATION
    and compliance under 9 environmental & labour laws
  • STARTUP PATENT APPLICATION
    fast track & up to 80% rebate in filling patents
  • PUBLIC PROCUREMENT
    fast track under the criteria of “prior experience/turnover” for start-ups in all Central Government ministries/departments
  • WINDING UP COMPANY
    in 90 days under insolvency & Bankruptcy code 2016
  • INR 10,000 CRORE FUND
    of funds for investment into start-ups through Alternate Investment Funds
  • guarantee fund for start-ups through National Credit Guarantee Trust Company / SIDBI over 4 years
  • TAX EXEMPTIONS
    on Income tax for 3 years
  • TAX EXEMPTIONS
    on capital gains & on Investments above Fair Market Value

Click here for the Start-Up Recognition registration http://www.startupindia.gov.in/registration.php

Powered by keepvid themefull earn money