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Startup India Registration

Under this scheme the government has taken several vital steps for building a robust startup ecosystem and making India a country of job creators instead of job seekers. Department for Industrial Policy and Promotion (DPIIT) manages the programs under Startup India Scheme.

  • Eligibility Consultation
  • Document Preparation
  • Application Drafting
  • Application filling
  • Government Fees
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Overview of Startup India Registration

Government of India has introduced the Startup India scheme in 2016. The primary motive of this scheme is to promote the growth of start-ups in India. Under this scheme government has taken several vital steps for building a robust startup ecosystem and making India a country of job creators instead of job seekers. Department for Industrial Policy and Promotion (DPIIT) manages the programs under Startup India Scheme. The startup India registration process has broadened the scope of development by creating job opportunities in the Indian economy.

A startup is a recently settled business, normally small, began by one or a group of people. What separates it from other new organizations is that a startup offers another item or service that isn't being given somewhere else similarly. The motives are innovation development.

Definition of Startup

Any company with the following features falls into the category of Startup and is also eligible to avail the benefits of DPIIT

  • Age of the Company

    Company’s Date of Incorporation should not exceed 10 years

  • Type of Company

    Either your company is a Private Limited Company under the Companies Act, 2013 or is registered under Indian Partnership Act, 1932 as a Partnership Firm or is registered under the Limited Liability Partnership Act, 2008 as a Limited Liability Partnership Firm.

  • Turnover Limit

    Business has less than 25 crores per year turnover

  • A New Business Entity

    The business should be new it must not be the result of split or restructure of an already existing business.

  • Innovation Friendly

    The startup should be working towards innovation or development of new products or services or is working in th direction of improvising an existing one.

  • DIPP Certificate

    Obtaining certificate from the Inter-Ministerial Board is essentially required; the Board is set up by the DIPP (Department of Industrial Policy and Promotion).

Benefits Obtained from DPIIT

DPIIT registered companies can avail the following benefits provided under Startup India Registration Scheme:

  • Simplification and Handholding

    With much easier compliance and an exit process for failed start-ups, legal support has also become feasible and smooth.

  • Funding and Incentives

    Exemption is provided on income Tax and Capital Gain Tax, apart from that funds are raised to infuse more capital into the startup.

  • Incubation and Industry Academia Partnership

    Developing number of incubators and innovative labs, events, competition and grants.

Benefits of Startup India Registration

Benefits of Startup India Registration

The government of India offers several benefits to the start-ups working under the umbrella of startup India programme. List of benefits provided under startup India Registration scheme are written below:

  • Tax Benefit

    Startups working under start up India registration scheme can enjoy the benefit of exemption for three years.

  • Self-Certification

    Startups avail the benefit of compliance self-certification with different labour laws and environment laws.

  • Rebate in Patent Filling

    Startups working under startup India registration scheme will get 80% rebate at the time of patent application filling.

  • Rebate in Trademark Filling

    The government assures to provide 50% rebate on trademark filing to those start-ups who are working under this scheme.

  • Business Opportunity

    Startup India is a platform which gives multiple opportunities, recognition and support to all the start-ups who are working hard to carve out a niche for them.

Documents required at the time of Startup India Registration Process

  • A Letter of Recommendation

    It is essential to submit a letter of recommendation accompanying with a registration form. Any of the following can be counted as valid:

    1. A recommendation (related to innovative nature of business) from an incubator accepted in a post-graduate college in India, in a format mentioned under the Department of Industrial Policy and Promotion (DIPP); OR

    2. A letter asking of support by an incubator which is financially aid by the government of India (in relation to the project) as part of any set out scheme with the motive to promote innovation; OR

    3. A recommendation letter (in relation to innovative business nature) from an incubator, identified by the Government of India in DIPP set out format; OR

    4. A funding letter with not less than 20% in equity, by any incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network, properly registered with SEBI that promotes business with innovative nature; OR

    5. A funding letter by Government of India or of any state as part of any set up scheme to encourage innovation; OR

    6. A filed and published patent in the Journal by the Indian Patent Office in those areas which are officially attached with the nature of business.

  • Registration Certificate

    It is essential for you to upload the certificate of incorporation of your company/LLP (Registration Certificate in case of partnership)

  • A Brief Description of Your Business

    Provide a quick description of the innovative nature of your business.

Eligibility for Startup India Registration

  • The organization to be framed must be a private limited organization or a limited liability partnership.
  • It ought to be new firm or not more seasoned than five years, and the all out turnover of the organization should not surpass 25 crores.
  • The organizations ought to have gotten the approval from the Department of Industrial Policy and Promotion (DIPP).
  • In order to get approval from DIPP, the firm ought to be supported by an Incubation fund, Angel Fund or Private Equity Fund.
  • The firm ought to have gotten a supporter guarantee from the Indian patent and Trademark Office.
  • It must have a proposal letter by an incubation.
  • Capital increase is excluded from income tax under the startup India scheme.
  • The firm should give innovative ideas, products or services.
  • Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network should be registered under SEBI ( Securities and Exchange Board of India).

Startup India Registration Process

A business needs to cover the journey of the below mentioned steps in order to register under the Startup India Scheme.

Startup India Registration Process
  • Business Incorporation Stage

    This progression is for organizations that are neither incorporated nor registered under the proprietorship form of business organization.

    It is compulsory to register either as a Private Limited Company or a Limited Liability Partnership or a Registered Partnership Firm.

    Though, there is no additional registration step is needed under the Startup India program while incorporating any of the above-discussed business forms.

  • Initiate the Startup India Registration Process

    Startup India registration process is available online. Applicant can execute the process of registration by visiting the website of Startup India Scheme.

    1. It is essential for startup to register their company in the portal owned by the Ministry of Labour and Employment “Shram Suvidha Portal”

    2. Register at Shram Suvidha Portal and then login.

    3. Once the login is done, click on the link “Is Any of your Establishment a Startup?”

    4. Follow the instructions to get registered.

    Also, it is mandatory for start-ups to fill the form related to business operations and future goals.

  • Other Details About the Startup In Brief

    Startups require submitting a brief description of the activities their businesses are involved in, ie, product/service or both. They should provide information that proves that their business is innovative.

    Make sure that your business is comprehensively and innovatively involved in solving a problem or is working with regard to improvise the existing service or product.

    To promote and support the startup ecosystem in India, government of India has introduced the startup India program. The registration process of startup India is also easy and rationale.

Frequently Asked Questions

The primary motive of startup India scheme is to promote the growth of start-ups in India. Under this scheme the government has taken several vital steps for building a robust startup ecosystem and making India a country of job creators instead of job seekers.

  • Simplification and Handholding
  • Funding and Incentives
  • Incubation and Industry Academia Partnership

Startup India registration process is available online. Applicant can execute the process of registration by visiting the website of Startup India Scheme.

  • It is essential for startup to register their company in the portal owned by the Ministry of Labour and Employment “Shram Suvidha Portal”
  • Register at Shram Suvidha Portal and then login.
  • Once the login is done, click on the link “Is Any of your Establishment a Startup?”
  • Follow the instructions to get registered.

An organization registered as a Private Limited Company, Partnership Firm or a Limited Liability Partnership can register them under the startup India scheme.

The most favoured business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and often favoured by investors.

Startup incubators are ordinarily organizations that help business people by building up their business, particularly in the underlying stages.

Startup accelerators bolster beginning time and development driven organizations.

Any business organization that has finished 10 years from the date of its registration, and has surpassed the earlier years turnover of 100 crores will stop to be a startup on fulfillment of 10 years from the date of its registration/joining.

When the application is finished, and the startup receives identification, you will get a system-generated certificate of recognition. You will have the option to download this testament from the Startup India portal.

Indeed, according to the law a current organization can register itself as a startup, given that it meets the recommended standards for a startup. They will likewise have the option to profit different duty and IPR benefits that are accessible to new companies.

Putting resources into a startup is an unsafe recommendation, yet the low necessity for overhead capital joined with high upside potential, makes it worthwhile for investors to put their finances on new companies.

Yes, it is possible to download a system generated verifiable certificate of recognition, once the registration is successful.

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