Startup India Registration

About Startup India Registration

START UP INDIA REGISTRATION

At A2Z FINEDGE, we specialize in providing comprehensive taxation compliance and filing services for businesses aiming to register under the Start-Up India initiative. With our team of experienced Chartered Accountants (CA), Company Secretaries (CS), MBAs, lawyers, and advocates, we ensure a smooth and compliant registration process for startups looking to leverage this transformative government scheme.

 

What is Start-up India ?

 

Start-up India is an initiative by Government of India to support the support start-ups and innovations in India to build strong and inclusive ecosystem for innovation and entrepreneurship in India. It has been launched by the government in January 2016.

Eligible companies can be recognised as Start-ups by the Department for Promotion of Industry and Internal Trade (DPIIT), which is part of the Ministry of Commerce and Industry, Government of India. Start-up becomes eligible for a range of benefits outlined under the Start-up India scheme on obtaining DPIIT recognition.

Benefits of Start-up India

 

üEasy Funding : Start-ups facing challenges in accessing finance due to their lack of experience and security. A 10,000 Crores rupees fund is set-up by government to provide funds to the start-ups as venture capital. The government is also giving guarantee to lenders to encourage banks and other financial institution for providing venture capital.

üGovernment Tenders : Start-ups under this scheme are eligible to apply for government tenders without any “prior experience/turnover” criteria that are applicable for normal companies.

üPatents & Trademarks : Start-ups that need to secure patents for innovations or trademarks for their business can access facilitators from a government-approved list. This listed facilitators charge lower fees and statutory charges. 80% rebate on patent filing fees.

üTax Holiday : DPIIT recognized start-ups will be exempted from Income tax for 3 Years. Moreover, early-stage start-ups can apply for exemption under Section 56 of the Income Tax Act regarding Angel Tax.

üLegal Compliances : Start-ups can self-certify compliances under specific labour and environmental laws which reduce compliance burden and related costs. Moreover, start-ups categorized under “white industries” by the Central Pollution Control Board are exempt from certain environmental clearances.

üInvestors : People investing their capital gains in the venture funds set up by the Government will get exemption from capital gains which helps start-ups to attract more investors and start-ups have an option to choose between the Venture Capitalists.

üExit Strategy : A start-up can close its business  within 90 days of application for winding up which facilitates hassle-free exit strategy.

 

Eligibility Criteria for Application

 

Business Structure :	Age and Incorporation :	Revenue Criteria :
Start-up shall be Private Limited Company or registered as a Partnership Firm or limited Liability Partnership (LLP)	Incorporated or registered in India up to 10 Years from its date of incorporation. Entity shall not be formed by splitting up or reconstruction of an existing business.	Annual turnover not exceeding Rs. 100 Crores for any of the financial years since incorporation / registration.
Business Approach :	Certification Requirements :	Compliances :
The Start-up is working towards innovation, development or improvement of products or processes or services or if it is scalable business model with a high potential of employment generation and wealth creation.	The start-up must acquire a start-up India certificate from the Department for Promotion of Industry and Internal Trade (DPIIT).	Entity must comply with various legal requirements by Companies Act, Income Tax Act, Goods and Service Tax Acts and other applicable laws and regulations.

 

Document Requirements for Registration

 

§  Incorporation Documents:

Certificate of Incorporation or Partnership Deed.

Memorandum of Association (MOA) or Articles of Association (AOA).

§  Business Plan:

Detailed description of the business, including vision, objectives, and operations.

§  DIPP Certificate:

Department for Promotion of Industry and Internal Trade (DIPP) recognition application

§  Details of Directors/Partners:

Identity proof (Aadhaar card, PAN card).

Address proof (utility bill, bank statement).

§  Intellectual Property Information:

Proof of patent, trademark, or design registration, if applicable

§  Funding Details:

Information about investments received, if any.

Registration Process of Start-up India Scheme

 

1.      Incorporation of Business :

This involves submitting of registration application along with necessary documents and applicable fees to appropriate authority as per the structure of your business. Appropriate authority in case of Private Limited Company or LLP is Registrar of Companies (ROC) and in case of Partnership Firm, it is Registrar of Firms.

2.     Register For Start Up India :

Once your business is incorporated, you can register as start-up under Start-up India Scheme. The government of India has launched a mobile app and the website for easy registration of for start-ups. Fill up a simple form on the website and upload certain required documents. The entire process is online.

3.     DPIIT Registration :

As mentioned earlier, DPIIT recognition grants start-ups many advantages. So the next important step is to obtain recognition from DPIIT. Follow the following steps :

-          Sign in with your registered profile credentials on the start-up India Website.

-          Apply for DPIIT Recognition’ option located under the ‘Recognition’ Tab.

-          Select either ‘Apply as Company or LLP’ or ‘Apply as Partnership Firm’

-          You will be navigated to the National Single Window System (NSWS) website, if you choose ‘Apply for Company or LLP’. Here, companies and LLPs must register and add the ‘Registration as a Start-up’ form to begin the DPIIT registration process.

Successfully completing this step will officially recognise your start-up under DPIIT.

4.     Obtain Your Start-up India Recognition Number :

Once you apply for registration, you will immediately receive preliminary acknowledgement of your application which is DPIIT recognition number.

The official Start-up India Certificate of Registration will be issued after the relevant authority completes the review of all your submitted documents. This Start-up India certificate is recognition under the Start-up India initiative, confirming that your start-up meets all the necessary compliance and eligibility criteria.

FAQs

 

1.    What is the definition of a start-up under Start-up India Scheme ?

·         A Start-up is defined as a company that registered as a private limited company or limited liability partnership (LLP) or partnership firm, working towards innovation, development or improvement of products or services or processes, having a turnover of less than INR 100 Crores. The company should be less than 10 years old.

 

2.   How can a start-up register for the Start-up India scheme ?

·         Start-ups can register by visiting the official Start-up India portal (www.startupindia.gov.in) and filling out the registration form with necessary details and documents.

 

3.   What are the requirements to avail tax benefits under the scheme ?

·         The start-up must be recognized by DPIIT and must meet specific criteria as defined for Start-up under Start-up India Scheme.

 

4.   How does the Patent and Trademark System work ?

·         Start-ups can avail a fast-tracked patent application process with a 80% rebate on patent filing fees and 50% rebate on trademark filing fees. The process is designed to reduce the time it takes to get intellectual property protection.

 

5.   What support is available to Women Entrepreneurs under the Scheme ?

·         The government encourages women-led start-ups by providing mentorship, funding support, and creating network of women entrepreneurs to help grow and scale their businesses.

 

6.   What is the process for applying for an easier exit policy ?

·         Start-ups can exit through a simplified process by submitting an application to the concerned authority in case of insolvency. This process allows for faster liquidation o f the company.

 

7.   Can Foreign Entrepreneurs apply for the start-up India Scheme ?

·         Yes, foreign entrepreneurs can apply for the scheme provided they meet the same criteria for the scheme as Indian entrepreneurs.

 

8.  Can an existing business apply for the start-up India scheme ?

·         Only new ventures meeting criteria are eligible to apply. However, existing businesses that are innovating or pivoting towards new products or services can also be considered.

 

9.   How long will the start-up India scheme run ?

·         The scheme was launched in 2016 and is ongoing, with no set end date as it is designed to create long term impact on the start-up ecosystem in India

Differences

 

Start-Up India V/S MSMEs Registration :

Start-Up India

MSMEs Registration

ü  Start-up India entities are temporary organizations that aim to create or disrupt markets with new products or services.   ü  Start-up India entities are registered entities that are not more than 10 years old.   ü  Start-up India entities can access benefits like tax exemptions, funding opportunities, and incubator/accelerator support.   ü  Entity has very limited options for business structure under Start-up India Scheme.

ü  MSMEs are independently owned and operated businesses that sell known products to local customers.     ü  MSMEs are registered based on investment and turnover criteria.     ü  MSMEs can access benefits like priority lending, credit support, government schemes, and subsidies.     ü  Any structure of entity can obtain registration under MSMEs.

 

Why Choose Filings Corner?

·         Expert Guidance: Our team ensures accurate documentation and compliance with Start-Up India guidelines.

·         End-to-End Support: From business incorporation to tax exemption applications, we handle it all.

·         Tailored Solutions: Customized services to meet your unique business requirements.

·         Timely Execution: Efficient processes for quick and hassle-free registration.

Contact Filings Corner today to kickstart your journey with the Start-Up India initiative and unlock the potential for growth and innovation!

Market Price : 8999/- Our Price : 2999/-

Required Documents