CSEET · Economic and Business Environment · Entrepreneurship Scenario
Which of the following is a feature of the Start-up India Action Plan relating to compliance?
The Start-up India Action Plan lets start-ups self-certify compliance under certain labour and environment laws for a stated period, reducing regulatory burden. It does not exempt them from the Companies Act, require yearly inspections or compel registration on a stock exchange.
- ASelf-certification of compliance under certain labour and environment laws for a stated periodCorrect
- BComplete exemption from the Companies Act for ten years
- CMandatory inspection of every start-up each year
- DCompulsory registration with a stock exchange before commencing business
Explanation
The Action Plan allows start-ups to self-certify compliance under specified labour and environment laws, reducing the regulatory burden in early years. It does not exempt them from the Companies Act, mandate annual inspections or require exchange registration.
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