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CMA Final · Entrepreneurship and Startup · Idea to Action

Under the Startup India recognition framework, which of the following is a benefit that a DPIIT-recognised startup can seek once it meets the eligibility conditions?

A DPIIT-recognised startup can avail self-certification under specified labour and environment laws and fast-track patent examination with a fee rebate. It does not receive blanket GST exemption, guaranteed government equity funding, or relief from filing annual returns with the Registrar of Companies.

  1. AAutomatic exemption from all GST compliance
  2. BGuaranteed government equity funding for every recognised startup
  3. CSelf-certification under certain labour and environment laws and faster patent examination with fee rebateCorrect
  4. DPermanent exemption from filing annual returns with the Registrar of Companies

Explanation

Recognised startups can use self-certification for specified labour and environment laws and get expedited patent examination with reduced fees. GST and ROC filing obligations are not waived, and government funding is not guaranteed to every startup.

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