Startup India Registration

Obtain self-certification and comply with three environmental laws and six labour laws. For three years, no inspections will be done on labour laws.

a. Labour Laws

• Another Construction Workers' (Employment and Conditions of Service) Act of 1996 regulates the employment and conditions of other construction workers.
• The Inter-State Migrant Workers (Employment and Conditions of Service) Act of 1979 regulates the employment and conditions of migrant workers from other states.
• The Gratuity Payment Act of 1972
• The Contract Labour (Regulation and Abolition) Act of 1970 regulated and abolished contract labour.
• Employees Provident Funds and Other Provisions Act of 1952
• The Employees' State Insurance Act (ESIA) was enacted in 1948.

b. Environmental Laws

• The Water Prevention Pollution Act of 1974 was passed to protect the environment from contamination.
• The Air Prevention Pollution Act of 1981 was passed to prevent and control pollution in the atmosphere.

Section 80-IAC provides an income tax exemption for three years. And exemption u/s 56 of the Income Tax Act of 1961.

Criteria for applying for the 80-IAC (Income Tax Exemption):

• The company should be a well-known startup.
• Only a private limited or an LLP is entitled to a Section 80IAC tax exemption.
• After April 1, 2016, the startup should have been incorporated.
• Section 56 of the Income Tax Act establishes eligibility criteria for tax exemption.
• The entity must be a DPIIT-accredited startup.
• After the proposed share issue, the startup's total paid-up share capital, and share premium do not exceed INR 25 crore.

Under the Bankruptcy Code of 2016 can be wound up in 90 days.

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There seems to be no necessity for an initial deposit, prior turnover, or experience in government tenders.

Alternative Investment Funds for investing in startups.