Startup India Registration

Startup India Registration

Startup India Registration

Startup means an entity, incorporated and registered in India as a:

  • Private Limited Company
  • Limited Liability Partnership
  • Section 8 Company
  • Registered as a Partnership Firm

With an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.

Working towards innovation, development, or improvement of products, processes, or services, or if it is a scalable business model with a high potential for employment generation or wealth creation.

An entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.

Shall not be more than 10 years old for Startup recognition OR not incorporated before April 2016 to claim Tax Exemption certificate.

An entity shall cease to be a Startup:

  • On completion of 10 years from the date of incorporation/registration.
  • If its turnover for any previous year exceeds Rs. 100 crore.

Benefits of Startup India Registration:

  • Tax Exemption: Once your company gets Startup recognition, you can further apply for Income Tax Exemption benefits available u/s 80IAC and U/s 56 relief for Angel Tax relief (Tax on Share Premium).
  • Tender Participation: In many tenders, Govt. and PSU give relaxation for Startups to participate in public procurement jobs through tenders. Relaxation in Prior experience, EMD, or Turnover criteria.
  • Govt. Funding Opportunity: Government allotted Rs 10,000 crores funds for investment into startups through Alternate Investment Funds. SIDBI is managing this fund. Startups can apply under this quota.
  • Participate in various Govt. Schemes: Government issues day-to-day various schemes for startups to participate. For example, sustainable finance scheme, bank credit facilitation, raw material assistance, etc.
  • Participate in Startup Grand Challenges: Many reputed companies encourage startup entrepreneurs for their solutions. Here, an opportunity is given to startups to participate in the scheme and win funding. Recently, WhatsApp, Mahindra, Aditya Birla, and many more companies have organized such financial assistance schemes with Startup India.
  • IPR Govt. Fee Concession: In IPR Registration, 50%-80% Govt. fee concession is available. Example in Trademark, Patent application.
  • Easy Winding Up: Wind up the company in 90 days under the Insolvency & Bankruptcy Code 2016.
  • Connect Networks: Search and find various startups and connect with them. Get Mentorship, connect with investors and industries.
  • GEM Portal Seller Registration and Bid: Startup India (DIPP) requires registration at the GEM Portal of the govt. https://gem.gov.in/

Documents Requirement for Startup India Registration:

1 Certificate of Incorporation / Registration Certificate and PAN
2 Email ID and Mobile number for Registration
3 Any one Director's Aadhar Card
4 Directors/Partners Details (Name, Gender, Mobile No. Email ID, Full Address)
5 Details of Authorised Representative (Name, Designation, Mobile No. Email ID)
6 A Brief about business and products/services and notes on innovations
7 Writeup on Market Problems, Solutions of Startup, Uniqueness, and Revenue model
8 Website/Pitch Deck/Video/Patent/any prototype of Solution (any one)
9 No. of Employees Working Authorisation Letter (as per format of DPIIT)

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