FAQs on Startup India Initiative

startupDepartment of Industrial Policy and Promotion (DIPP) has issued Frequently asked questions (FAQs) on Startup India initiative for:

  1. Startups
  2. Incubators providing Recommendation/ Support/ Endorsement Letter to Startups
  3. Funding Bodies providing Recommendation/ Support/ Endorsement Letter to Startups

These FAQs, inter alia, provide:

  • Proprietorship/public limited company not eligible as startup;
  • One person company, being a private limited company, eligible to be recognized as a startup;
  • An existing entity meeting criteria of startup can get itself recognized for various benefits. The tax benefits proposed under the Finance Bill 2016 to be available from 01 April 2016;
  • The process of registration to be real time;
  • No fee is prescribed by the Government, however, the incubators considering the efforts involved may charge a fee.

 

Click here for FAQs

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