All about Startup India
In the year 2016, Start Up India scheme was initiated by Government of India. The main objective of this scheme was to promote startups, generation of employment, and wealth creation. This scheme was recognized by Department for Industrial Policy and Promotion(DPIIT), in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.
Advantages of Start Up India Scheme
- Tax benefits
- Easy Registration procedure
- Lower compliance
- IPR protection
- Self-Certification under Labor and Environmental Laws
Documents Requirement
- Certificate of Incorporation / Registration Certificate
- Pan Card
- List of Directors, Designated Partners and Partners
- List of Members
- Passport Size Photograph and Contact Details
- Brief on Business Idea – Regarding Innovative Idea of Business
- Other Relevant Information (e.g. URL, Social Link, Awards Certificate, IPR Registration) – if any
FAQ
An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be considered a “Startup” –
a) Upto 5 years from the date of its incorporation/ registration, and
b) If its turnover for any of the financial years has not exceeded INR 25 crore, and
c) It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. The entity should not have been formed by splitting up or reconstruction of a business already in existence. A proprietorship or a public limited company is not eligible as startup. A one person company, being a private limited company is entitled to be recognized as a ‘startup’. For additional information, refer notification G.S.R. 180(E) dated February 17, 2016.
a) Upto 5 years from the date of its incorporation/ registration, and
b) If its turnover for any of the financial years has not exceeded INR 25 crore, and
c) It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. The entity should not have been formed by splitting up or reconstruction of a business already in existence. A proprietorship or a public limited company is not eligible as startup. A one person company, being a private limited company is entitled to be recognized as a ‘startup’. For additional information, refer notification G.S.R. 180(E) dated February 17, 2016.
An entity would cease to be a ‘startup’ upon expiry of:
a) 5 years from the date of its incorporation/ registration, OR
b) If its turnover for any of the financial years has exceeded INR 25 crore; OR
Startups would be required to intimate DIPP of any such cases within a period of 21 days.
a) 5 years from the date of its incorporation/ registration, OR
b) If its turnover for any of the financial years has exceeded INR 25 crore; OR
Startups would be required to intimate DIPP of any such cases within a period of 21 days.
Our Service Areas
- Startup Registration in Delhi
- Startup Registration in Noida
- Startup Registration in Gurgaon
- Startup India Registration in Delhi
- Startup Company Registration in Gurgaon
- Startup India Registration in Noida
- Startup India Registration in Gurgaon
- Startup Company Registration in Delhi
- Startup Company Registration in Noida