On 16th January, 2016, Prime Minister of India unveiled the Government's Start-Up policy. The primary objective of the policy is to promote economic growth and employment opportunities. To promote a culture of starting up, the Prime Minister announced the following among others: Three Year Tax cuts for Start-Ups, which are started after March, 2016; Quick start and quick closure of start-ups. It was announced that one can start in a day and close in 90days; Self-attestations for…