Startup India action plan – Full Document

Prime Minister Narendra Modi launches action plan for Startup India. Here are the key points

• Reduction in compliance
• No inspection for the first three years.
• Launch of Startup India Hub. A single point of contact.
• A mobile app to register a company in single day through MCI(Ministry of corporate affairs)
• Simplifying patent filing from months to days.
• Protecting IP(intellectual property) and YP(Youth prperty)
• Rebate of 80% on patent filing charges
• Easier ways to shutdown a startup.
• We are bringing a bill in Parliament to let startups can exit 90 days.
• Rs. 10,000 crore corpus fund for startups through SIDBI and with annual investment milestone of 2000cr
• A credit guarantee fund for startups to facilitate loans through banks
• Tax exemption on capital gains for investors
• Three-year tax exemption for startups registered after april 1st 2016
• encouraging women to build startups.
• Atal Innovation Mission to give an impetus to innovation and encourage the talent among our people.
• A startup fest will be organised to network and encourage startups.

SEE THE COMPLETE ACTION PLAN DOCUMENT HERE http://indianceo.in/wp-content/uploads/2016/01/StartupIndia_ActionPlan_16January2016.pdf