{"id":16523,"date":"2020-09-18T14:23:50","date_gmt":"2020-09-18T08:53:50","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=16523"},"modified":"2021-10-28T14:55:45","modified_gmt":"2021-10-28T09:25:45","slug":"process-of-startup-india-registration-online","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/process-of-startup-india-registration-online\/","title":{"rendered":"Process of Startup India Registration: A Step by Step Guide"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Undoubtedly, start-ups are the key performance indicator of the developing economy of a country. In India, the brand like Zomato, BookMyShow, Swiggy, and Foodpanda has shown how a startup can reap tremendous popularity in a short span of time. But not all startups are blessed with adequate funding and government backing. That is the reason why most of the startups in India fail to survive in the Indian market. Keeping that disparity in view, the Indian government has launched a brand new scheme under the name- Startups India. The platform is has been established to welcome new business ideas and support aspiring entrepreneurs. In the article, we will explain everything about the Process of <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\/process-of-startup-india-registration-online\/#What_is_a_startup\" >What is a startup?<\/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\/process-of-startup-india-registration-online\/#Process_of_Startup_India_Registration\" >Process 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-3\" href=\"https:\/\/corpbiz.io\/learning\/process-of-startup-india-registration-online\/#Documents_Required_for_Startup_India_Registration\" >Documents Required for Startup India\nRegistration<\/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\/process-of-startup-india-registration-online\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_startup\"><\/span>What is a startup?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A startup is a new business entity that advocates innovation. These entities are more likely to rely on unique business goals, which set them apart from the competition. Nearly all startups initiate with a unique business idea, but most of them last for months due to inadequate resources. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"714\" height=\"413\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-74.png\" alt=\"What is a startup\" class=\"wp-image-16524\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-74.png 714w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-74-300x174.png 300w\" sizes=\"(max-width: 714px) 100vw, 714px\" \/><\/figure><\/div>\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<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_of_Startup_India_Registration\"><\/span>Process of Startup India Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"mt-3 mb-3 embed-responsive embed-responsive-16by9\"><iframe class=\"embed-responsive-item\" src=\"https:\/\/www.youtube.com\/embed\/z_lJ229PbcI\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n\n<p><em><strong>Below is the step by step guide that will let you complete the registration process for Startup India Scheme.<\/strong><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Incorporate\nyour business<\/h3>\n\n\n\n<p>Firstly, you need to turn your business into a legal entity. To do so, you need to register your business as a Private Limited Company or an LLP, or a Partnership firm. The applicant can visit an MCA portal and file an application for <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>company registration<\/strong><\/a>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: Register under\nStartup India<\/h3>\n\n\n\n<p>Visit the Startup India website for registering your company\nunder the Startup India scheme. As soon as you land on this portal, you will\nfind an application for registration. Make sure to go through the form in detail\nand fill it up accordingly. The application will go along with some mandatory\ndocuments in a scanned form.&nbsp; <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 3: Upload\ndocuments in a PDF format <\/h3>\n\n\n\n<p>You need a recommendation letter as well as the registration form. Choose one of the recommendation letters from the following list.<\/p>\n\n\n\n<ul><li>A recommendation letter ( in a format certified\nby the DIPP)&nbsp; from an incubator\n(Post-graduate college); OR<\/li><li>A recommendation letter issued by the\ngovernment-oriented incubator; OR<\/li><li>A letter issued by the incubator backed by the\ngovernment authority, in DIPP format; OR<\/li><li>A recommendation letter issued by the angel\ninvestor or other entity registered with SEBI that advocates the innovative\nnature of business; OR<\/li><li>A letter from the State or Central Government;\nOR<\/li><li>A patent filed and published in the Journal of\nIndian Patent Office in areas affiliated with its nature was promoted.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Step 4: Provide information\u2019s\nRegarding Tax Exemption<\/h3>\n\n\n\n<p>In India, startups don\u2019t need to address any tax liabilities\nfor the first three years. However, these benefits would only become feasible\nwhen the firm is registered under the Inter-Ministerial Board (IMB). <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 5: Stipulates for\nthe Self-certification<\/h3>\n\n\n\n<ul><li>Your firm must be registered as a Private limited company, or <a href=\"https:\/\/corpbiz.io\/partnership-firm-registration\"><strong>partnership firm<\/strong><\/a>, or <a href=\"https:\/\/corpbiz.io\/llp-registration\"><strong>LLP<\/strong><\/a>. <\/li><li>Your business must be a legal entity and incorporated in the country, not before five years. <\/li><li>The turnover of the business must not exceed the RS 100 Cr. mark. <\/li><li>The company must advocates innovative ideas. <\/li><li>Your business must adhere to the uniqueness, and it should not replicate the existing business. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Step 6: Avail Recognition\nNumber<\/h3>\n\n\n\n<p>Upon submitting the application for registration, the portal\nwill render the recognition number with immediate effect. You will get the\nregistration certificate only after when authority scrutinized the uploaded\ndocumentation. Be cautious while uploading the data on the portal, as any\ndisparities in it could lead you to a hefty penalty, which is precisely 50% of\nyour paid-up capital or Rs 25k. <\/p>\n\n\n\n<p>Start-ups approved by DIPP are eligible to avail IPR\nbenefits without requiring any approval from IMB. Consult a lawyer in case if\nyou need a patent or copyright for your business. You will need to address the\nlegal fees. Therefore, you, obtaining an 80% reduction on the registration fees\nfor intellectual property.<\/p>\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\nRegistration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Registration certification or Certificate of\nIncorporation of a business entity <\/li><li>Copy of PAN card <\/li><li>Memorandum of association or Article of\nAssociation for LLP or partnership firm.<\/li><li>Particulars of the directors such as name,\ncontact details, and photographs. <\/li><li>Entity\u2019s social profile or website link. <\/li><li>IPR related information if any. <\/li><li>Fund detail in case an entity avail any funding\nhelp from investors. <\/li><li>List of awards or certificates of recognition,\nif any. <\/li><\/ul>\n\n\n\n<p>Arranging fund is probably the most challenging task for most of the startups. Due to a lack of resources, experience, and cash flow, the business owners often fail to reap FDI. Since startups are inherently more exposed to failures, they often perished in the initial stage. So in order to render fiscal support, the<em><strong> Indian government<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Government_of_India\"><em><strong>[1]<\/strong><\/em><\/a><\/sup> has set up an initial corpus of funds worth Rs 10,000 crore for a period of 4 years. However, the available fund will not be directly routed to startups. Instead, it will be accessible through SEBI registered Venture Funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Startups India Scheme plays a vital role in supporting the economy by creating a considerable number of jobs in all sectors. The scheme is meant to welcome contemporary and innovative business ideas from startups that unable to pursue their business due to inadequate resources. As soon as an entity is registered to this scheme, they will get access to endless government tenders and tax exemption to ensure seamless business growth. Feel free to confront out experts if you need some assistance on the Process of Startup India Registration. <\/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\/documents-required-for-startup-india-registration-online\/\">Know the Complete Rundown of Documents Required For Startup India Registration<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Undoubtedly, start-ups are the key performance indicator of the developing economy of a country. In India, the brand like Zomato, BookMyShow, Swiggy, and Foodpanda has shown how a startup can reap tremendous popularity in a short span of time. But not all startups are blessed with adequate funding and government backing. That is the reason [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":16582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[968],"tags":[1009],"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":24883,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16523"}],"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=16523"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16523\/revisions"}],"predecessor-version":[{"id":37245,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16523\/revisions\/37245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/16582"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=16523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=16523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=16523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}