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Some Important Government Schemes for Start-ups in India

Corpbiz offers the following services from their experts to boost your business.

Venture Capital Scheme

This Scheme is for financial support in the form of an interest-free (0%) loan provided by the SAFC (Small Farmer's Agri-Business Consortium) to qualifying projects to fulfil the shortfall in the capital requirement for the project implementation.

100% Tax Exemption u/s 80-IC of the Income Tax Act:

The eligible Start-ups with strong execution in their plan and possible innovation to benefits the public at large can apply for 100% tax subsidiary for 10 years.

EPCG Scheme:

The Zero Duty EPCG Scheme is for exporters of electronic products. This EPCG Scheme allows the import of capital goods or products for pre-production, production, and post-production.

Small Business Innovation Research Initiative (SBIRI):

This Scheme of the Department of Biotechnology (DoB), Ministry of Science & Technology, was launched in 2005 to boost PPP or Public-Private-Partnership efforts in the country.

STP Scheme or Software Technology Park Scheme:

This Scheme is a 100% Export Oriented Scheme for the development & export of computer software, including the export of professional services using communication links or physical media.

PRISM Scheme:

Promoting Innovations in Individuals, Start-ups & MSMEs Scheme aims to support individual innovators, which will enable them to achieve the agenda of comprehensive development.

Different Types of Companies in India

Private Limited Company Registration:

Private Limited Companies in India are best for businesses that require Private Company Registration as private entities. In this type of company, a group of shareholders distribute the liability amongst themselves to help protect their personal assets. The total capital of this type of business is the total of all the shares held by each member of the company. Also, the business & personal assets of the members are considered separate, allowing for better security & protection. The shares of such type of company cannot be publicly transferred or traded.


LLP stands for Limited Liability Partnership is a new & different type of Company in India. LLPs are flexible legal & tax entity that allows partners to benefit from economies of scale by working together while also reducing their liability for the actions of other partners.

OPC or One Person Company:

One Person Company is a company registered by a single person. Before the enforcement of the Companies Act, 2013, a single person or individual could not establish a Company. If a person or an individual wanted to establish their business, then they could opt only for a sole proprietorship as there had to be a minimum of 2 directors & 2 members to establish a company. According to Section 2(62) of the Companies Act, 2013, a Company can be formed with just one Director & one Member. It’s a form of a Company where the compliance requirements are lesser than that of a Private Company.

Public Limited Company:

A Public Limited Company is the best suited business structure for entrepreneurs who are planning for large scale business operations in India. To register a Public Limited Company there should be a minimum of 7 members & there is no such limit on the maximum number of shareholders for commencing a Public Limited Company.

Benefits of Startup Company Registration

Limited Liability Protection to Directors Personal Assets:

Numerous times startups need to borrow money & take things on credit. In case of normal partnerships, Partners personal savings & property would be at risk in case business is not able to repay its loans. In a Pvt. Ltd. Company, only investment in business is lost, and Directors’ personal assets are safe.

Easy to Sell:

Pvt. Ltd. Company is easy to sell, very less cost & paper works is required for selling a Private Limited Company.

Easily Attract Employess:

For startups putting together a robust team & keeping them for long time is a challenge, due to confidence attached to Private Limited Structure, it’s very easy to hire people and motivate them with corporate designations & stock options.

Easy to get Loans and Raise Funds:

Private Limited Company enjoys wide options to raise funds through bank loans, Venture Capitalists, Angel Investors in comparison to One Person Companies and Limited Liability Partnerships.

Give Better Image & Credibility in the Market:

Pvt. Ltd. Company is very popular business structure. Corporate customers, Government Agencies & Vendors prefer to deal with Private Limited Company instead of proprietorship or normal proprietorship.

Comparison Between Pvt Ltd, OPC, and LLP


  • Minimum No of Directors / Partners
  • Minimum Share Capital
  • Credibility
  • Investor Preference
  • Conversion
  • Maintenance of Books of Accounts
  • Annual General Meeting
  • Statutory Audit

Company Registration Work Flow

Name Approval:

Based on the Name and trademark search we will apply for Name Approval from MCA (Ministry of Corporate Affairs )

DIN (Director Identification No):

As per the Companies act we need a minimum of two (2) Co-founders to register a company and hence at least one must be a resident of India.

Registered office Selection:

As an Entrepreneur, you can select your current residence as a Registered office for the proposed company whether it's rented or owned by you does not matter.

Incorporation Form Filling to MCA:

After you upload all Documents on the website or upload via the Corpbiz Mobile app, We will file the Incorporation form to the MCA and within 3-4 Days you will receive an Incorporation certificate, PAN, and TAN

Bank account Opening:

We have tie-ups with a Leading scheduled bank in India. Our network partner will connect you in your city and they will help to open the bank Account.

Purchase Annual Compliance Package:

You can purchase an annual compliance package to meet the regulatory requirement of India and our team of CA/CS will continuously be in touch with you. You can track company compliance, tax filing status, and many more by using the Coprbiz Mobile app.

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Start-up Incubation Program

Congrats. You have now registered a Company in India, now you can expect all to do by using our platform. We offer incubation and Start-up coaching program for selected start-ups helping them to raise funds and build a sustainable growth strategy. We support startups in all 28 States of India. We have a dedicated global desk, We register, Manage business in over 100+ Countries.

Post Registration Support

Corpbiz has over 1000+ in-house CA, CS, and Lawyers. Along with collaboration with 10+ Banking Partners for 1000+ Locations near you. You can easily manage company Compliance, Banking, and tax issues from our App or by logging in to our website.

Tax, Compliance, and Accounting

Corpbiz has made entrepreneur life easy and growing. We have a dedicated desk for startup compliance, Tax Reporting, CA & Legal services. Everything about your business can be managed from our App and website.

Unlimited Access to 3000+ Startup Documents and Business Formats

Get unlimited access to all startup Documents, Formats. HR Documents, Sales & Marketing formats, and Company policy draft. All business Documents are ready and just one click away.

Annual Reporting to MCA & Tax Dept.

We have developed a dedicated team of CA and CS for Annual returns to the Ministry of corporate affairs, GST dept, and Income tax dept. You only need to subscribe to our annual package and maintain the company without wasting much time on compliance and accounting issues. Everything you can manage from the cloud.

Fundraise Support and Investor Relation

Coprbiz has established a dedicated CFO desk to support Startups in Growth funding and help them to meet the working capital requirement, build investor relations and help startups to create better corporate structures and develop Business dashboards.

Frequently Asked Questions

There are various types of business entities in India like Partnership Firms, Sole-Proprietorship, Companies, Co-operative Societies, etc. It depends on various factors like the availability of capital resources, the scale of the business, ownership, etc.

Yes, there is no restriction on a person resident outside India or NRI or Foreign National for becoming a Director in a Private Limited Company, but at least 1 Director on the Board must be an Indian Resident.

The minimum requirement of Directors for OPC is one additionally, there is a requirement of one number and nominee.

Yes, so long as the annual compliance is met, the Private Limited Company will continue to exist. If you don't comply with the requirements, it will go dormant until it strikes off from the Register altogether.

There is no minimum capital for starting a Private Limited Company.

Yes, a salaried person can become the director in a Private, LLP or OPC company.

Yes, An LLP can be converted into a Private Limited Company. You can contact us to get the process started for the same.

Yes, the company can be registered at the owner’s home address. A copy of the latest utility bill is required to be submitted.

The process is completely online, so there is no need to be physically present during the process.

If you have all the required Documents on hand, the whole process will take no more than seven days to complete.

Yes, a minimum of 2 directors are required for a Private Limited Company.

You can check the status of the company registration on the official website of MCA.

Yes, every company must compulsorily conduct statutory audits of its books.

AoA lays down the internal rules & regulations of the company, whereas MoA contains the 5 vital details about the company such as Company Name, Registered Office, Liability of Members, Object for which the company is established & capital details.
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It is Mandatory to Get PAN for your Company

All individuals/corporate bodies(including foreign citizens/entities) indulging in business operations and generating income in India must have a PAN. PAN serves as the tax identity of your company. Furthermore, it is used by the income tax department to keep track of financial transactions.


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