{"id":489,"date":"2019-08-21T20:11:32","date_gmt":"2019-08-21T14:41:32","guid":{"rendered":"https:\/\/www.startupgali.com\/learn\/?p=489"},"modified":"2019-08-21T21:09:44","modified_gmt":"2019-08-21T15:39:44","slug":"benefits-of-registration-under-startup-india","status":"publish","type":"post","link":"https:\/\/www.startupgali.com\/learn\/benefits-of-registration-under-startup-india\/","title":{"rendered":"Benefits of Registration under Startup India"},"content":{"rendered":"<p><b>A recognised Startup can avail various benefits including:<\/b><\/p>\n<ul>\n<li><b>Section 80-IAC of Income Tax benefit:<\/b>&nbsp;Income Tax exemption for 3 years post approval from IMB<\/li>\n<li><b>Section 56 of Income Tax exemption benefit:<\/b>&nbsp;Tax exemption on Investment above Fair Market Value<\/li>\n<li><b>Intellectual Property Rights (IPR) Bene\ufb01ts: :<\/b>&nbsp;1.) Fast-tracking of Startup patent applications 2.) Panel of facilitators to assist in \ufb01ling of IP applications 3.) Startups are provided an 80% rebate in \ufb01ling of patents and 50% rebate in \ufb01ling of Trademarks vis-\u00e0-vis other companies<\/li>\n<li><b>Relaxation in public procurements norms:&nbsp;<\/b>Subject to certain conditions, Startups are entitled to avail exemption on: 1.) Prior Turnover and Experience 2.)Earnest Money Deposit<\/li>\n<li><b>Self-Certi\ufb01cation&nbsp;<\/b>for compliance under certain Labour &amp; Environment laws for a period of 5 years from the date of incorporation<\/li>\n<li><b>Access to Fund of funds for startups:&nbsp;<\/b>To provide equity funding support for development and growth of innovation driven enterprises, the government has set aside a corpus fund of 10,000 crores managed by SIDBI<\/li>\n<li><b>Faster exit for startups:&nbsp;<\/b>MCA has noti\ufb01ed Startups as \u2018fast track \ufb01rms\u2019 enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies<\/li>\n<li>Recognised startups may raise&nbsp;<b>External Commercial Borrowings<\/b>&nbsp;up to USD 3 Mn<\/li>\n<li><b>Easier compliances for recognised startups:&nbsp;<\/b>Requirement to hold 2 board meetings in a financial year in place of 4; allowance to get annual return signed by director, in case there is no company secretary and many more<\/li>\n<\/ul>\n<p>These benefits and resources are available to Startup India recognised&nbsp;<b>Private Limited companies, LLPs and Registered Partnership firms.<\/b><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A recognised Startup can avail various benefits including: Section 80-IAC of Income Tax benefit:&nbsp;Income Tax exemption for 3 years post approval from IMB Section 56 of Income Tax exemption benefit:&nbsp;Tax exemption on Investment above Fair Market Value Intellectual Property Rights (IPR) Bene\ufb01ts: :&nbsp;1.) Fast-tracking of Startup patent applications 2.) Panel of facilitators to assist in [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[137,136],"class_list":["post-489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-registration","tag-startup","tag-startupindia-registration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits of Registration under Startup India - StartupGali<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupgali.com\/learn\/benefits-of-registration-under-startup-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of Registration under Startup India - StartupGali\" \/>\n<meta property=\"og:description\" content=\"A recognised Startup can avail various benefits including: Section 80-IAC of Income Tax benefit:&nbsp;Income Tax exemption for 3 years post approval from IMB Section 56 of Income Tax exemption benefit:&nbsp;Tax exemption on Investment above Fair Market Value Intellectual Property Rights (IPR) Bene\ufb01ts: :&nbsp;1.) 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