{"id":15974,"date":"2020-09-07T15:12:01","date_gmt":"2020-09-07T09:42:01","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=15974"},"modified":"2021-10-30T16:12:55","modified_gmt":"2021-10-30T10:42:55","slug":"documents-required-for-startup-india-registration-online","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/","title":{"rendered":"Know the Complete Rundown of Documents Required For Startup India Registration"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A startup is a new business entity formed by one or a group of enthusiasts\u2019 entrepreneurs. Such businesses often set up a unique identity and motive for producing something that hasn\u2019t been developed. Most startups advocate innovation and unique ideas, which set them apart from the rest and let them monopolize the market overtimes. To triggers the notion of innovation, entrepreneurship, and employment in the country, the Indian government has initiated a program called Startup India a few years back that advocates such ideas. Having said that, let\u2019s move ahead and look into the Documents required for <a href=\"https:\/\/corpbiz.io\/startup-india-registration\"><strong>Startup India Registration<\/strong><\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Overview_of_Startup_India_Registration\" >Overview of Startup India Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Key_features_of_Startup_India_Campaign\" >Key features of Startup India Campaign<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Documents_required_for_Startup_India_registration\" >Documents required for Startup India registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Steps_to_Approach_to_Govt_Recognized_Incubators\" >Steps to Approach to Govt\nRecognized Incubators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Points_to_Remember\" >Points to\nRemember<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-startup-india-registration-online\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_Startup_India_Registration\"><\/span>Overview of Startup India Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Indian Economy created vast opportunities regarding new businesses for upcoming entrepreneurs. Most of the startups, preferably with intellectual goals, seek these opportunities. Keeping that potential in view, the Government of India has launched a platform, namely Startup India for startups. The main objective of such an initiative is to lay off the foundation where new business ideas can thrive without legal and financial obstacles. It would benefit the businesses in many ways and allow them to reap solid recognition in their specific market. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_features_of_Startup_India_Campaign\"><\/span>Key features of Startup India Campaign <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Introduction of a mobile\napplication for Single Window Clearance. <\/li><li>Corpus fund of Rs 10,000 crore\nadvocates startup\u2019s growth. <\/li><li>The patent registration fee is\nlower as much as 80%. <\/li><li>Refined and less-stringent\nBankruptcy Code for the hassle-free exit. <\/li><li>Three years of relief from tax\non profit and mystifying inspections<\/li><li>No Capital Gain Tax for three\nyears. <\/li><li>Self-certification compliance<\/li><li>Innovation hub for startups\nunder Atal Innovation Mission<\/li><li>New schemes advocating IPR\nprotection to new firms and start-ups. <\/li><li>Encourage innovation,\nemployment and entrepreneurship.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_Startup_India_registration\"><\/span>Documents required for Startup India registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"671\" height=\"560\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-73.png\" alt=\"Startup India registration\" class=\"wp-image-16521\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-73.png 671w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-73-300x250.png 300w\" sizes=\"(max-width: 671px) 100vw, 671px\" \/><\/figure><\/div>\n\n\n\n<ul><li>Email ID and the contact number<\/li><li>Company Details such as category, industry, sector, office address etc.<\/li><li>Details of Directors\/Partners ( Name, contact details, photos, gender)<\/li><li>Authorised Representative detail such Name, contact details, and designation)<\/li><li>A Brief info regarding business operations and product.<\/li><li>Note on innovation.<\/li><li>Description stating product uniqueness<\/li><li>Revenue model.<\/li><li>Overview of a <a href=\"https:\/\/corpbiz.io\/business-plan\"><strong>business plan<\/strong><\/a><\/li><li>Website info<\/li><\/ul>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/\">Benefits of Startup India Registration in India\n<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Details of the product or the services\nprojected to be offered by the applicant<\/h3>\n\n\n\n<p>The applicant shall submit a brief\ndescription of a business idea in a written form to the authority. The\ndescription should convey the innovative aspect of the product and services. It\nis done to convince the authority about the feasibility of an idea.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Incorporation\ncertification <\/h3>\n\n\n\n<p>Incorporation Certificate is a Legal\ndocument that renders a legal status to the business entity. In other words, it\nis a proof of the existence of the company. To avail COI, the applicant needs\nto file an online application on the Ministry of the Corporates Affairs\u2019 online\nportal. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Letter of\nFunding from Angel investor<\/h3>\n\n\n\n<p>A recommendation letter from a\nrenowned and SEBI-driven angel investor can help startups start their dream\nbusiness. An Angel investor is a private investor who often makes investments\nin startups in the initial stage. Such entities usually invest in new businesses\nafter interpreting data-driven projection on profit. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Letter\nof recommendation <\/h3>\n\n\n\n<p>Any entities who wish to setup up a\nnew startup in India were required to avail the recommendation letter from the\ngovernment recognized incubators. To serve this purpose, you might need to\napproach some apex institutions in India. Following is the list of the renowned\ninstitution in India which can offer recommendation letter to the startups\nagainst the prescribed fees. <\/p>\n\n\n\n<ul><li>Confederation of the Indian\nIndustry. <\/li><li>Indian Drug manufacturers\nassociation. <\/li><li>National research Development\nCorporation. <\/li><li>Maharashtra center for\nentrepreneurship development.<\/li><li>Indian angle network. <\/li><li>Indian paper manufacturer\nassociation <\/li><li>Center of excellence, ISB<\/li><li>Society of Indian Automobile\nmanufactures. <\/li><li>Kerala institute for\nentrepreneurship development<\/li><li>The All India Plastic\nManufacturers Association <\/li><li>Cement\u2019s manufacturers\nAssociation.&nbsp; <\/li><li>Indian Electrical and\nelectronic manufacturer association. <\/li><li>All India Biotech association<\/li><li>Biotechnology Industry research\nassistance council <\/li><li>Indian software product\nindustry round table. <\/li><li>National Association of\nsoftware and service companies.&nbsp;&nbsp; <\/li><li>PHD Chamber of chamber and\ncommerce.<\/li><li>Federation of Indian chamber of\ncommerce and industry.<\/li><\/ul>\n\n\n\n<p>We hope everything has been cleared\nregarding the Documents required for Startup India registration to you to this\npoint. Let\u2019s move on to the next sections. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Approach_to_Govt_Recognized_Incubators\"><\/span>Steps to Approach to Govt\nRecognized Incubators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following are the steps for\napproaching the govt recognized incubators to avail the recommendation letter.<\/p>\n\n\n\n<ul><li>The first and foremost step to avail recommendation letter is to register the entity as <a href=\"https:\/\/corpbiz.io\/llp-registration\"><strong>LLP<\/strong><\/a>\/Partnership firm\/<a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>Private limited company<\/strong><\/a>. <\/li><li>After being transformed into a legal entity, the next step is to approach the bank and open the current account for seamless business transactions. <\/li><li>Next, apply for tax registration such as <strong><em>Service tax or VAT<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Value-added_tax\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. <\/li><li>After catering to the above requirement, approach to incubators either via the official website or meet their officials in person. <\/li><li>Next, submit a fee to the incubators based on the government norms.\u00a0 <\/li><li>Finally, avail the recommendation letter. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Fees charged by the incubators\nfor furnishing letter of recommendation <\/h3>\n\n\n\n<p>The majority of renowned incubators\ncharge a max fee of 5000\/ for furnishing the letter of recommendation for the\nstartup India scheme. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Points_to_Remember\"><\/span>Points to\nRemember <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>To avail tax benefits under\nsection 56 of the Income-tax Act, the startup should be registered under a\nprivate limited company. <\/li><li>Also, the startup should\npossess DPIIT registration to avail of such tax benefits. The applicant needs\nto visit the startup India portal to serve such a purpose. <\/li><li>Startups that made investments\nin transport vehicles and immovable properties above INR 10 Lakh won\u2019t be able\nto reap tax benefits. <\/li><li>To avail tax benefits under\nsection 80 IAC, the applicant needs to fill to an application on the Startup\nIndia portal. The application goes along with the documents like MOA, board\nresolution, copy of the annual account, and ITR. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp; <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Startup India scheme has certainly opened up a door of development for upcoming entrepreneurs and startup seeking funds to excel. With a corpus of 10000 Cr in place, the government is eyeing on strengthening the root of the Indian economy by promoting innovation and research through this initiative. Furthermore, the scheme is also quite useful in shedding off unnecessary compliances and requirements for the new business. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/registration-mistakes-made-by-startups\/\">An Outlook on Registration Mistakes made by Startups\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A startup is a new business entity formed by one or a group of enthusiasts\u2019 entrepreneurs. Such businesses often set up a unique identity and motive for producing something that hasn\u2019t been developed. Most startups advocate innovation and unique ideas, which set them apart from the rest and let them monopolize the market overtimes. To [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":15979,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[968],"tags":[975],"acf":{"service_id":"250"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":10576,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15974"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=15974"}],"version-history":[{"count":10,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15974\/revisions"}],"predecessor-version":[{"id":37363,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15974\/revisions\/37363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/15979"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=15974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=15974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=15974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}