Are you a Startup?
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Up to 7 years and for biotechnology startups up to 10 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 or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation
Why Register?
SELF CERTIFICATIONand compliance under 9 environmental & labour laws-
STARTUP PATENT APPLICATIONfast track & up to 80% rebate in filling patents -
PUBLIC PROCUREMENTfast track under the criteria of "prior experience/turnover" for startups in all Central Government ministries/departments -
WINDING UP COMPANYin 90 days under insolvency & Bankruptcy code 2016
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INR 10,000 CRORE FUNDof funds for investment into startups through Alternate Investment Funds -
INR 2,000 CRORE CREDITguarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years -
TAX EXEMPTIONSon Income tax for 3 years -
TAX EXEMPTIONSon capital gains & on Investments above Fair Market Value