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How to Register your Company in Startup India

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

Fastlegal Team

Fastlegal is an Online Legal Professional Services Provider Company providing Company Registration, LLP Registration, Nidhi Company Registration, Trademark Registration, GST Registration and Return Filing Services.

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