Startup India Registration

All Startup companies with innovation & unique corporate ideas can get the Startup India Certificate to provide by DPIIT.

Startup India Registration

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What is the Startup India Registration certificate?

The Startup India scheme is becoming very popular day by day in India, It helps to develop the Indian economy and also attract skilled entrepreneurs and businessmen. The Government of India started this program under the leadership of PM Narendra Modi. This initiative is very beneficial for creating entrepreneurs and also generating employment in our country.

The DPIIT (Department for Promotion of Industry and Internal Trade) is one of the Government departments that had initiated the Startup India scheme which would help the new business to forward and contribute to the Indian economy.

The DPIIT (Department for Promotion of Industry and Internal Trade) Recognition is one type of proof of identification provided by the Indian Government. The Indian Government provided the DIPP number (The Department of industrial policy and promotion), This DIPP number helps the startups for registering the StartUp India scheme where they can get a number of benefits from this scheme for their StartUp. To boost the Indian economy and also increase the confidence in the youths for becoming an entrepreneur and encourage entrepreneurship, The Government of India started the StartUp India Certificate of Recognition in 2015. The government is taking the initiative to increase business development as it also helps to boost the Indian Economy. This Startup program is helpful for those who have innovative ideas but they don't have the financial condition to start the business. This Startup India Registration certificate is helpful for the many innovative ideas to spread their business.

The Startup India certificate needs for every person that is doing the startup in any field, This certification actually contains intellectual property rights including Trademark Registration, Patent, and copyright registration. It will also provide some benefits with that certificate that are also beneficial for your new startup company.

Eligibility For Getting The Certificate:-
Benefits of Startup India Registration

This startup that clears all criteria of the eligibility will be approved for the "DPIIT StartUp Recognition (The Department for Promotion of Industry and Internal Trade)" this StartUp can get the following benefits

1. Tax exemption
  • Tax exemption under the 80 IAC After getting the approval for the recognition certificate for the startup they have the tax holiday/exemption for the 3 consecutive financial years out of its first 10 years since incorporation.
  • Post acquiring recognition a Startup may apply for exemption of tax under section 80 IAC which is an Act of Income Tax. Post getting approval for Tax exemption, the Startup can avail of tax holiday for 3 continuous financial years out of its initial first ten years since the establishment of the organization.
  • The object should be verified as a Startup.
  • Just a Private Limited company or a Limited Liability Partnership is available the exemption of tax under Section 80IAC.
  • The Startup should have been incorporated after 1st April 2016.
Startup India:

Exemption of tax under Section 56 which is of the Income Tax Act (Angel Tax) Post gaining honor a Startup may an application for Angel Tax Exemption.

Acceptability Guidelines for the exemption of tax under Section 56 which is of the Income Tax Act:
  • The object should be a Department for Promotion of Industry and Internal Trade (DPIIT) recognized Startup.
  • The aggregate number of paid-up share resources and share premium of the Startup after the proposed issue of a share, if any, does not exceed INR 25 Crore.
Who is not eligible for the Startup India Registration:-

If the organization is a Sole Proprietorship and if its annual turnover exceeds INR 100 crores and if the company is 10 years older then it is not eligible for the Startup India Registration Certificate.

2. Self Certification
  • Self Certification compliance can be done for the 6 Employers and Labour Laws and 3 Environmental laws.
  • For the laws that had been imposed on the laborers, There will be no audit or inspection conducted for the 5 years. The Inspection will be done for any issues like the verifiable complaints of violation against the company.

    • The Startup can self-certify through the startup India portal with given below 6 labor laws that are

    - Employees’ State Insurance laws - Gratuity Laws - Provident Fund Laws - Contract Labour laws - Other Constructions Workers’ laws - Inter-State Migrant Workmen laws - The Startup India team or professional assistance in order to self-certify labor laws compliances.
  • For the environmental Laws, The Startup Falls under the white category in that the pollution index having up to 20 they would be able to self certify compliance and only irregular checks would happen in such cases.
3. Patents
  • StartUps shall be provided an 80% refund in filing the patents.
  • The patent application filed by the startups shall be fast-tracked for a review so that their value can be obtained fastly.
4. Easily Exiting from the Company.
  • Startups that has simple debt structures or those meeting certain income designated models can be wounded up within 90 days of filing an application for bankruptcy.
  • A professional shall be delegated for the Startups, who shall be the charge of the organization. The liquidator shall be liable for the swift closure of the business, sale of assets, and repayment of lenders in accordance with the distribution waterfall set out in the IBC.
The Validity of StartUp India Certificate:-

The Validity of the Indian startup recognition certificate is for the 10 years from the registration of the company the validity is also ended when your company crosses the 100 Crores turnover earlier.

Process of Startup India Registration in India
Documents Required for the Startup India Registration
  • Company registration Certificate, that provides when you register your company.
  • You have to provide the Memorandum of Association certificate and the Article of Association certificate of the company.
  • PAN (Permanent Account Number) Of the company.
  • Aadhaar Cards of the company directors and other personal information about the directors of the company.
  • Mobile numbers, Email ID and you must have to provide them some basic information.
  • The short description of your innovative business plan is that you must have to explain how your product is beneficial for the people and how it can be helpful for generating the economy.
  • The address proof of the office.
  • You have to provide some other relevant information about the company.
Documents Required for the Startup India Registration

FAQ

Startup India is a program that was initiated by the Government of India in 2015 that recognizes and considers the new organization as a startup. If your organization is 5 years old though it can be considered as a startup. In this program, the entrepreneurs come with an idea and establish their organizations as a startup in India. The Government has initiated this program to encourage the new entrepreneurs to establish their business. Due to this Startup India program, one can start a small business with his idea and contribute to the Indian Economy.
A Letter of support is a document that is mandatorily submitted with the enrollment form of the Startup India Registration if you want to avail of the tax exemption.
Yes, We provide this service online and it is available all over India and anyone that wants to start his business and has an idea that can be executed in the business can apply for the Startup India Registration Certificate.
It is an online service so you would not need to be present physically for any of the processes of the certification. You would just have to apply it online by submitting the necessary documents and the further work would be done by us.
The documents that are necessary for the proof of business are:-
1. Company Incorporation Certificate.
2. MSME registration which is also known as Udyog Aadhar Certificate.
It is advised to provide only one mobile number in the Registration Form and the number must be of the authorized representative as the portal and the mobile application send an OTP for the complete authentification and registration process.
Yes, the investors can invest their capital in your startup if they like your idea and the execution process of your startup. The Government organizations also help the startup for financial help and there are loans that are provided to the startups for the initial funding for the newly established organization.
We are the best organization that provides this certification and helps the new entrepreneurs to enter in the market as the new entrepreneurs contribute to the Indian Economy to boost it.
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