{"id":25892,"date":"2021-02-12T16:04:30","date_gmt":"2021-02-12T10:34:30","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=25892"},"modified":"2021-02-12T16:04:33","modified_gmt":"2021-02-12T10:34:33","slug":"procedure-for-start-up-registration-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/procedure-for-start-up-registration-india\/","title":{"rendered":"What is the Procedure for Start-up Registration India?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A\nStart-up is a business that has an association of person or a group of few\npeople that manage to solve the problems related to such business. Basically, the\nformation of such a start-up can be seen on the grounds when the founders of\nany existing company find the problems in the existing system of a company and intend to\nresolve such problems by creating a new company or entity of their own. Moreover, a start-up registration can be done when the founders of the company come up with a potentially great idea or they might come to the conclusion that the start-ups provides services currently exist\u00a0in inferior or does not want to sustain\u00a0it further.<\/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\/procedure-for-start-up-registration-india\/#Eligibility_Criteria_for_Start-up_Registration_in_India\" >Eligibility Criteria for Start-up Registration in India<\/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\/procedure-for-start-up-registration-india\/#How_to_get_Funding_for_Start-ups_Registration\" >How to get Funding for Start-ups 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\/procedure-for-start-up-registration-india\/#Procedure_for_Start-up_Registration_in_India\" >Procedure for Start-up Registration in India<\/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\/procedure-for-start-up-registration-india\/#Concluding_Remarks\" >Concluding Remarks<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_Start-up_Registration_in_India\"><\/span>Eligibility Criteria for Start-up Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The business must be incorporated as:-<\/li><li>Private Limited Company under <strong><em>Companies Act, 2013<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/li><li>Limited Liability Partnership under the Limited Liability Partnership Act, 2008<\/li><li>Partnership Firm under the Partnership Act, 1932<\/li><li>The business turnover does not exceed 25 crores for any financial year since incorporation.<\/li><li>The business is working towards innovation, development, processes or improvement of products and services, or if it is a <strong><em>scalable business model<\/em><\/strong> with high ability for employment generation etc.<\/li><li>Any business will be termed under the definition of a Start-up is for a period of 7 years only from the due date of its incorporation\/registration. While in the case of a Start-up in the sector of Bio-technology, the period shall be up to 10 years from the date of its registration.<\/li><li>The business will be recognized as Start-up is for a period of seven years from the date of its registration; moreover, if Start-ups deals in the biotechnology sector, the period shall be up to 10 years from the date of its registration.<\/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\/process-of-startup-india-registration-online\/\">Process of Startup India Registration: A Step by Step Guide<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_get_Funding_for_Start-ups_Registration\"><\/span>How to get Funding for Start-ups Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the major\nchallenges facing many start-ups is access to finance. Due to lack of\nexperience, security, or existing cash flow, entrepreneurs fail to attract\ninvestors. In addition, the high-risk nature of start-ups, failing to take-off\nas a significant percentage, turns many investors off.<\/p>\n\n\n\n<p>To provide\nfunding support, the government has set up an initial fund of INR 2,500 crore\nand a total fund of INR 10,000 crore over a period of 4 years (i.e. INR 2,500\ncrore per year). The fund is in the nature of &#8216;Fund of Funds&#8217;, which means that\nit will not invest directly in start-up registration, but will participate in\nregistered venture funds in the capital of SEBI.<\/p>\n\n\n\n<p>We can see that the government is making efforts to support start-ups in every way, including the process of registering easier and less time-consuming items. In this way, it is helping young entrepreneurs to develop their entire economy by providing a platform to showcase their innovative<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_for_Start-up_Registration_in_India\"><\/span>Procedure for Start-up Registration in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/Procedure-for-Start-up-Registration-in-India.png\" alt=\"Procedure for Start-up Registration in India\" class=\"wp-image-25923\" width=\"530\" height=\"234\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/Procedure-for-Start-up-Registration-in-India.png 995w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/Procedure-for-Start-up-Registration-in-India-300x133.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/Procedure-for-Start-up-Registration-in-India-768x340.png 768w\" sizes=\"(max-width: 530px) 100vw, 530px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Incorporate your Business<\/h3>\n\n\n\n<p>Initially,\nyou need to get incorporation of your business as a private Limited company or\na Limited Liability Partnership or in a Partnership firm. You have to follow\nthe procedure that helps you filling up to get the registration for your business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Register under Start-up India<\/h3>\n\n\n\n<p>After the\nsuccessful completion of your first stage of incorporation for your business, you\nhave to get enrolled your firm or company listed under the Start-up India\nScheme of government as a Start-up. For such you have to fill the form\navailable on the website of Start-up India and upload the required documents\naccordingly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Documents Need to Annexed in\nPDF Format<\/h3>\n\n\n\n<p>There is a\nrequirement of a recommendation letter along with the registration form. You\ncan avail types of such recommendation letter provided below and required a\nsingle letter of recommendation of any type.<\/p>\n\n\n\n<ul><li>A known incubator from any of the post-graduate\ncollege in India authorized recommendation letter under the duly approved\nformat of DIPP. The said letter must be about the innovative nature of the\nbusiness; or<\/li><li>Recommended letter from the incubator that the\nGovernment of India fund as part of any specified plan to promote innovation; OR<\/li><li>A letter from any of the Incubators, recognized\nby the Government of India, in DIPP format.<\/li><li>A letter of funds of less than 20% is registered\nwith SEBI Incubation Fund, Private Equity Fund, Angel Fund, Accelerator,\nPrivate Equity Fund, which supports the innovative nature of the business.; OR<\/li><li>A recommendation &nbsp;by the Central or any State Government of\nIndia; OR<\/li><li>A patent which is filed and published in the Journal\nof Indian Patent Office in areas connected with the nature of promoting\nbusiness.<\/li><li>Required to upload the certificate of\nincorporation of your company or LLP, or the registration certificate for a\npartnership company.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">If You Need Tax Exemption, You Have to Mention at the time\nof Start-up Registration<\/h3>\n\n\n\n<p>The Start-ups in India allowed with the relaxation for not paying the Income tax for a period of three years from the date of its registration. In case you wish to avail such benefits, your company must be Inter-Ministerial Board (IMB) certified. It is where companies registered with DIPP get relaxation as the registration is enough to get the benefits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Get Your Recognition Number<\/h3>\n\n\n\n<p>On <a href=\"https:\/\/corpbiz.io\/startup-india-registration\"><strong>Startup India registration<\/strong><\/a> application, you will get a recognition number immediately. You get a certificate of registration or incorporation only after the authority has verified all your uploaded documents.<\/p>\n\n\n\n<p>You should be\nattentive and careful while uploading the data, as any mistake can cost a huge\nfine of 50% of your paid-up capital or Rs 25,000 at the very least.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concluding_Remarks\"><\/span>Concluding Remarks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To apply your\nluck in start-ups business, you must know about the start-ups provisions and\nregulations provided by the government of India and approach accordingly with\nthe specified steps. Since the government of India has allowed the start-ups to\navail benefits in the income tax for a fixed tenure but people who does not\nhave knowledge are still deprived to avail such benefits.<\/p>\n\n\n\n<p>Connect with the experts for the same. Kindly associate with the <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> expert to know more about the procedure for start-up registration India<\/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\/benefits-of-startup-india-registration-in-india\/\">Benefits of Startup India Registration in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Start-up is a business that has an association of person or a group of few people that manage to solve the problems related to such business. Basically, the formation of such a start-up can be seen on the grounds when the founders of any existing company find the problems in the existing system of [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":25922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[968],"tags":[1525],"acf":{"service_id":"250"},"authorName":"Komal Singh","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/processed.jpeg","authorDescription":"Komal Singh is a Legal scholar, having diverse experience in scripting research papers, articles &amp; dissertations, which serves her main interest &amp; competent in drafting legal documents. She has polished her skills in dealing with the matter related to consumer affairs and now building intelligible Legal Content for Corpbiz.","postViews":6882,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25892"}],"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\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=25892"}],"version-history":[{"count":10,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25892\/revisions"}],"predecessor-version":[{"id":25928,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25892\/revisions\/25928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/25922"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=25892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=25892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=25892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}