Start-Up India Registration
In an effort to support and expand Indian start-ups, the Indian government launched the Start-up India Stand-up India campaign on January 16, 2016, under the direction of the Ministry of Commerce and Industry.directors.
Overview
The objective behind the start-up India Initiative is to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Department for Industrial Policy and Promotion (DPIIT) gives the approval for start-up India registration.
The Start-up India Initiative is focused on major objectives
Simplification and Handholding: Easier compliances to newly incorporated start-ups so that they can focus on the business operation, Exist support in case of failures, Legal Support, etc.
Funding & Incentives: Exemptions on Income Tax and Capital Gains Tax for eligible startups.
Incubation & Industry-Academia Partnerships: Creation of various incubators and innovation labs, competitions, events, and grants.
There is an eligibility criterion to apply for start-up India registration.
Benefits of Start-Up India Registration
Self-Approval:
Through a simple online process, startups will be able to self-certify compliance for three environmental laws and six labor laws. For five years, no inspections will be carried out in relation to labor regulations.
Applications for Patents and IPRs:
Startups will have their patent applications reviewed more quickly.
advice on various forms of intellectual property as well as details on preserving and advancing property in other nations.
Startups will only be responsible for paying the statutory costs because the Central Government will cover the full cost of the facilitators for whatever number of patents, trademarks, or designs that a startup may submit.
Exemption from taxes:
During the first ten years after incorporation, eligible startups may be excluded from paying income tax for three consecutive fiscal years.
Exemption under Section 56:
According to Section 56(2)(VIIB) of the Income Tax Act, investments made into qualified startups by Accredited Investors, Non-Residents, AIFs (Category I), and listed firms having a net worth of more than 100 crores or a turnover of more than INR 250 crore are exempt.
Company Closure:
Within ninety days of submitting an application for insolvency, startups with straightforward debt structures or those that satisfy specific income requirements* may be wound up.
Checklist/Requirements
- Below is a list of the paperwork needed to register with Start-Up India.
- Your startup’s certificate of incorporation or registration.
- Information about the Directors.
- Proof of concept, such as a pitch deck, website link, or video (for a startup in the validation, early traction, or scaling stages)
- Details of patents and trademarks (Optional)
- PAN Number
Process of Start-Up India Registration
Step1: incorporate your business (PLC/LLP).Register with Start-up India inÂ
Step 2: Create an account with Start-up India
Step 3: Acknowledge DPIIT
Step 4: Acquire a Recognition Number
Key Deliverables
- Start-up India registration certificate (Subject to approval)
- Login Credentials
Why Choose Us
Friendly to Entrepreneurs
Our pros will offer you all of the promised deliverables within the allotted period, and we make the procedure so quick and simple that you won’t even feel the headache of all the paperwork.
Skilled Experts
Every one of our experts is trained and skilled in that specific field. ensuring that no errors are made when filing with the authorities in order to prevent the company from incurring penalties for errors.
One Place to Go for All of Your Needs
We assist you at every stage of your company’s development, including incorporation, accounting and taxation, secretarial compliance, and legal support.
Economical
Since cost is a major factor in any business’s growth stage, we don’t surprise our clients with extra fees; instead, you pay what is shown in the original plan.
