Startup India

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List of Information and Documents required for Startup Registration

Posted on by Fastlegal Team

If you are planning to register your company as startup in India, you need to provide information and documents for your startup at statupindia.gov.in once you signup for registration. Startup recognisation provides benefits to entities, including benifits for IP registrations etc.

Documents required for Startup Registration

Following information and documents required for Startup India registration :

  1. Name of Company
  2. Name of Startup
  3. Website address of Company
  4. Name , age qualification of Directors and Promoter / Authorized Representative
  5. Current Number of Employees including Founders
  6. Trademark or other IP details
  7. Is the startup creating an innovative product / service / process or improving an existing product / service / process ?
  8. Is the startup creating a scalable business model with high potential of employment generation or wealth creation ?
  9. Brief note supporting the options chosen above for innovation, improvement and scalability
  10. Has your startup received any funding?
  11. Any awards/recognition received by the entity , if yes , provide document in support
  12. What is the problem the startup is solving ? 150 to 200 words  minimum
  13. How does your startup propose to solve this problem? 150 to 200 words minimum
  14. What is the uniqueness of your solution ? 150 to 200 words minimum
    15.How does your startup generate revenue? 150 to 200 words minimum
  15. App Link /Pitch Deck etc if any
  16. COI , MOA and AOA of Company
  17. PAN of Company

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How to Register your Company in Startup India

Posted on by Fastlegal Team

To Promote entrepreneurship to boost economy and increase employment , government of India Introduced Startup India Scheme, startup India Registration provides several benefits that has been provided to startups including tax holiday for period of 3 years to recognised startups.

To get recognised as startups , entity has to apply for recognition as startup on https://www.startupindia.gov.in/ , once application is submitted it is reviewed for “Department of Promotion of Industry and Internal Trade” (DPIIT) and if found eligible , the entity is registered as startup. Please note Income Tax Exemption on profits under Section 80-IAC of Income Tax Act is issued separately.

startup india registration

Meaning of “Startup”

An entity shall be considered as a Startup:

  • Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
  • Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
  • Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
  • Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.
  • Explanation: An entity shall cease to be a Startup on completion of ten years from the date of its incorporation/ registration or if its turnover for any previous year exceeds one hundred crore rupees.

Government Schemes & Benefits after startup india registration

  • Self Compliance under 3 environment and 6 labour laws
  • Income tax Exemption
  • Reduced Filing fee for Trademark
  • Reduced fee for Patent application
  • Easier Public Procurement norms
  • Easy Winding up
  • Reduced Compliance under Companies Act
  • Other Schemes launched by Government time to time

Following information are required for Startup India registration :

  1. Name of Company
  2. Name of Startup
  3. Website address of Company
  4. Name , age qualification of Directors and Promoter / Authorized Representative
  5. Current Number of Employees including Founders
  6. Trademark or other IP details
  7. Is the startup creating an innovative product / service / process or improving an existing product / service / process ?
  8. Is the startup creating a scalable business model with high potential of employment generation or wealth creation ?
  9. Brief note supporting the options chosen above for innovation, improvement and scalability
  10. Has your startup received any funding?
  11. Any awards/recognition received by the entity , if yes , provide document in support
  12. What is the problem the startup is solving ? 150 to 200 words  minimum
  13. How does your startup propose to solve this problem? 150 to 200 words minimum
  14. What is the uniqueness of your solution ? 150 to 200 words minimum
  15. How does your startup generate revenue? 150 to 200 words minimum
  16. App Link /Pitch Deck etc if any
  17. COI , MOA and AOA of Company
  18. PAN of Company

Fastlegal Provides help in filing your Startup India Registration application , Place your request below to get in touch with our team members

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How to Start Online Course Business in India

Posted on by Fastlegal Team
How to Start Online Course Business in India 1

Starting an online course is one of the most popular thing that people are doing on internet these days.

Under the online course you provide video course on some of the important topics like digital marketing, Facebook ads Android app development web development affiliate marketing legal courses and many other topics.

Starting your own online course needs some efforts for development of website, marketing campaigns, payment gateways and a business that provides a bank account in the name of your company and your video courses.

Step by step procedure for development of online course

  • Getting getting full knowledge of the topic for which you want to make an video course
  • Making making making videos for every topic that you want to cover in the online course
  • Video editing
  • Buying a domain name that suits your course
  • Buying an hosting for hosting your website
  • Development development of website with WordPress.org
  • Getting getting the perfect theme for your online course under WordPress
  • Installing plugin for online course on WordPress
  • Uploading the course contents
  • Uploading the video course according to contents
  • Setting up payment gateway
  • Legal registration of your business
  • Bank account for your business
  • Link payment gateway with your bank account
  • Startmarketing your courses online on Facebook Twitter WhatsApp Instagram Google and other blogs
  • Sell your courses to the targeted audience
  • Repeat repeat and Make some other courses too
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9 Essentials for startup journey

Posted on by Fastlegal Team
  1. Having viable business Idea: Entrepreneurs are the people who take the innovation ahead, having business idea is essential to the startup journey and the idea should be such that it is possible to make it viable in the current market. Entrepreneurs may take survey from potential customers.
  2. Having a Good Website: As everything is now internet based, a good website is something where you can start off. Start by creating website, a website must have blog and social media presence to describe the products and services to visitors through contents.
  3. Registration as private limited company: This is essential if you want to go big, private limited company is different legal person from the founders. Founders starts working under legal entity and all the accounts of the business are separately managed. You need payment gateways and other things for which a registered business is essential legal requirement.
  4. Founders Agreement: Yes, this is must, your new project must be having co-founder; let say one for tech and other for operations, one for capital and other for tech etc… founders shares equity ownership and control in the registered business entity.Through founders agreement they divide their roles and responsibilities in startup, this can be through oral mean but a written agreement clearly defines roles of founders in the startup.
  5. Business Operation : Yes Start Doing the Entrepreneur hard work, Do not stop , get your first customer , second third ….so on.. Create better pricing plans. Provide services or sell products raise invoice invoices and invoices. Create systems at every stage.
  6. Sales Tax , Services Tax and Trademark : Now if you have stated making some revenue , don’t wait take services tax registration, if you are providing services or sales tax registration (TIN) if selling products. Apply for trademark ( Check for availability of trademark is essential before launching your startup , search it trough www.ipindia.gov.in ) Applying trademark will protect you from infringement of your mark and you can take legal ready against the person making infringement of your mark.
  7. SALE SALE SALE : Nothing more focus on generating revenue, revenue.. have proper accounts and fun..
  8. Business Legal Compliances (Take it seriously ) : Nothing much file Company Annual Accounts, Annual Returns , Income Tax Returns, TDS returns sales and services tax returns. Yes this should be done on timely basis; otherwise you will be facing lots of additional fee and penalties. Compliance Management System is Essential is necessary for every business entity to survive.
  9. Don’t Mind Cost of Compliance: Yes, Compliance is essential part if you want to grow your business, Not only business that are fully legally complied have big brand images but also have big competitive advantage over others.
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List of Incubators in India to Obtain Recommendation with Regard to Innovative Nature of Business

Posted on by Fastlegal Team

For Registration of an Entity under Startup India  recommendation letter is required to be attached while submitting the registration form , this nature of recommendation with regard to startup may be obtained from any incubator established in post-graduate college in India.

Following are the incubators from which recommendation letter can be obtained with regard to innovative nature of business :

  1. Association for Innovation Development of Entrepreneurship in Agriculture (AIDEA)
  2. IKP Knowledge Park – Life Science Incubator (www.ikpknowledgepark.com)
  3. Agri Business Incubator (http://www.agrisciencepark.icrisat.com)
  4. Technology Business Incubator – UOH (www.uohyd.ernet.in)
  5. International Institute of Information Technology (IIIT – H)
  6. Birla Institute of technology and Science, BITS- Pilani (Hyderabad Campus)
  7. Technology Base Incubator Society (TBIS) (udsctbi.org
  8. Shriram Institute for Industrial Research (A Unit of Shriram Scientific and Industrial Research Foundation) (www.shriraminstitu te.org)
  9. IAN Mentoring and Incubation Services (www.IndianAngel Network.com/incubator)
  10. National Design Business Incubator (NDBI) (http://www.ndbiindi a.org)
  11. CIIIE Initiatives, Centre for Innovation, Incubation and Entrepreneurship (CIIE) (www.ciieindia.org)
  12. Comcubator (www.micaedc.org)
  13. Gujarat Foundation for Entrepreneurial Excellence (GFEE – iCreate)
  14. Venture Studio: Center for Innovative Business Design
  15. Centre for Incubation and Business Acceleration (CIBA)
  16. Society for Innovation and Entrepreneurship in Dairying (www.ndritbi.com)
  17. Shri Mata Vaishno Devi University Technology Business Incubation Center Society (SMVDU TBIC)
  18. TBI – International Centre for Innovation, Technology Transfer and Entrepreneurship (IN-CITE)
  19. Composites Technology Park (www.compositeste chnologypark.com)
  20. E-Health TBI (www.ehealthtbi.co m)
  21. Manipal University Technology Business Incubator (www.mutbimanipal .org)
  22. Technovate
  23. Global Incubation Services (GINSERV) (www.ginserv.in)
  24. National Design Business Incubator (www.ndbiindia.org /www.nid.edu)
  25. Startup Village (startupvillage.in)
  26. TBI (http://nitc.ac.in/nitc /misc/tbi/public_ht ml/index.htm)
  27. Technopark TBI (www.technopark.o rg)
  28. Amrita TBI (www.amritatbi.co m)
  29. College of Engineering, Trivandrum
  30. Amal-Jyothi Rural Technologies Business Incubator (amaljyothi.ac.in)
  31. National Centre for Aerospace Innovation and Research (NCAIR) (www.ncair.in)
  32. Society for Innovation and Entrepreneurship (SINE) (www.sineiitb.org)
  33. MITCON Biotechnology Business Incubation Centre (A Division of MITCON Consultancy Services Ltd.) (www.mitcoinindia. com)
  34. Venture Center (venturecentre.co.i n)
  35. D.K.T.E. Society’s Textile & Engineering Institute
  36. BIL-Ryerson Futures (Zone Startups)(www.zonestartups .com)
  37. KIIT – Technology Business Incubator (www.kiitincubator.i n)
  38. TBI (www.discovery.bit s-pilani.ac.in/tbi/)
  39. Startup Oasis Incubation Center (www.startupoasis.i n)
  40. Sathyabama University – Technology Business Incubator (SU-TBI)
  41. Coimbatore Innovation and Business Incubator (CIBI) (www.kctbs.ac.in)
  42. Nanotechnology Research, Innovation Incubation Centre (psgtech.edu)
  43. TCE-TBI Thiagarajar College of Engineering
  44. IITM – Incubation Cell (http://incubation.iit m.ac.in)
  45. TBI (www.tbi-kec.org)
  46.  VIT- Technology Business Incubator (http://www.vittbi.co m/)
  47. Technology Business Incubator Centre for Biotechnology (www.annauniv.ed)
  48. UOM-TBI (www.unom.ac.in/ta ramanitbi.html)
  49. IITM`s Rural Technology and Business Incubator (RTBI) (www.rtbi.in)
  50. BIT-TBI, Sathyamangalam (tbibit@rediffmail.c om www.bittbi.com)
  51. Periyar Technology Business Incubator (info@periyartbi.org www.periayrtbi.org)
  52. SPEC-TBI (www.spectbi.com)
  53. Vel Tech – Technology Incubator
  54. Agri- Business Development- Tamil Nadu Agricultural University
  55. Adhiyamaan College of Engineering
  56. Villgro Innovations Foundation
  57. Information Technology Business Incubator( ITBI), JSSATE- STEP (http://www.jssstep noida.ord/incubator .as)
  58. Amity Technology Incubator (http://www.amity.e du/aii)
  59. TBI – Krishnapath Incubation Society(tbi@kiet.edu, www.tbikiet.com)
  60. SIDBI Innovation and Incubation Centre (SIIC) (www.iitk.ac.in/siic)
  61. Malviya Centre for Innovation Incubation & Entrepreneurship  (www.mciie.org)
  62. TBI- Graphic Era University
  63. IIM Calcutta Innovation Park (IIP)
  64. Shibpur- TBI
  65. Ekta Incubation Centre (www.technologye mbryo.com)
  66. WBUT
  67. Technology Incubation and Entrepreneurship Society ( TIETS) (www.stepiitkgp.in)

Full List along with address and contact details can be downloaded from Startup_India_List_of_Incubators