Doing business in India

Startup India Notifications

Startup India is an initiative of the Government of India[16th of January, 2016], intended  for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

S.No. Action Point (As Per Action Plan) Relevent Notification
1 Overall
  • Revised norms for Angel Tax exemption under section 56 of Income Act (16th January 2019)
  • Angel Tax exemption under section 56 of Income Tax Act  (11th April 2018)
  • Revised Definition for Startup and procedure for recognition(23th May 2017)
  •  Definition for Startup and procedure for recognition
  • Notification related to  Constitution of inter-Ministirial Board
  • RBI notification on foregin exchange Management for Startups Startup India
  • RBI introduces Regulatory Relaxations for Startups
  • Incentives for Startup under the Apprenticeship Act
  • RBI Guidelines on ECB for Startups
  • Foreign VCs can invest in startups (irrespective of sectors) without RBI approval
2 Compliance Regime based on self-certification (Action Point 1)
  • Advisory on increase in self-certification duration from 3 years to 5 years
  • New Category of White Industries
  • Self-certification formats for compliance under the Labour Laws
  • Notifications on Self-Certification issued by the States/UTs
3 Legal Support and Fast-tracking Patent Examination at lower costs (Action Point 4)
  • Scheme for Facilitating Startups Intellectual Property Protection (SIPP)
  • List of Facilitators for Patent
  • List of Facilitators for Trademark
4 Relaxed Norms of Public Procurement for Startups (Action Point 5)
  • Relaxed Norms of Public Procurement for Startups
  • EMD Exemption for Startups in Public Procurement
  • Clarification Regarding Relaxed Norms of Public Procurement for Startups
5 Faster Exit for Startups (Action Point 6)
  • Excerpts from the Insolvency and Bankruptcy Code 2016
6 Providing Funding Support through a Fund of Funds with a Corpus of INR 10,000 crore (Action Point 7)
  • Status Report of Fund of Funds for Startups
7 Tax Exemption on Capital Gains (Action Point 9)
  • Excerpts from Finance Bill,2016
8 Tax Exemption to Startups for 3 years (Action Point 10)
  • Excerpts from the Finance Act, 2016
9 Notification related to Tax Exemption on Investments above Fair Market Value (Action Point 11)
  • Notification related to Tax Exemption on Investments above Fair Market Value
10 Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilization (SETU) Program (Action Point 13)
  • Guidelines for setting up of Tinkering Laboratories under Atal Innovation Mission – ‘Atal Tinkering Laboratories
  • Guidelines for setting up of Incubation Centres under Atal Innovation Mission – ‘Atal Incubation Centres
  • Guidelines for Scale-up support to Established Incubation Centers under Atal Innovation Mission
11 Launching of Innovation Focused Programs for Students (Action Point 18)
  • Guidelines for National Initiative on Developing and Harnessing Innovation (NIDHI)
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