Startup India Registration

Under this scheme the government has taken several vital steps for building a robust startup ecosystem and making India a country of job creators instead of job seekers. Department for Industrial Policy and Promotion (DPIIT) manages the programs under Startup India Scheme

Overview of Startup India Registration

Startup India Registration was launched by Prime Minister Mr.Narendra Modi. The Startup India registration was launched in January 2016 to promote entrepreneurship. The main focus area of the Startup India Registration Scheme is to support innovation, boost startup and Economic development in India. The government has taken many steps to promote startups such as tax exemption and ease to raise funds. A startup is a recently settled business, normally small which is started by single or group of people. What separates it from other new organizations is that a startup offers another item or service that isn’t being given somewhere else similarly. The motives are innovation development.

Why Startup India?

  • To Boost up Banking Sector/ Finance
  • To Promote Startup
  • To Promote Entrepreneurship
  • To Limit State Policy dependency for new business
  • To Promote SC/ST- Women Entrepreneurship
  • To encourage the people who want to start their own business

Type of Companies under Startup India

Either your company is a Private Limited Company under the Companies Act, 2013 or is registered under the Indian Partnership Act, 1932 as a Partnership Firm or is registered under the Limited Liability Partnership Act, 2008 as a Limited Liability Partnership Firm.

A New Business Entity

The business should be new; it must not be the result of a split or restructure of an already existing business.

DIPP Certificate

obtaining a certificate from the Inter-Ministerial Board is essentially required; the Board is set up by the DIPP (Department of Industrial Policy and Promotion). To access tax benefits and easier compliance, companies have to be recognized as Startups by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India initiative. Startups recognized by DIPP can avail intellectual property rights (IPR) related benefits such as IPR fast-tracking and more without requiring any other license from the Inter-Ministerial Board.

Easier Public Procurement Norms

  • The DPIIT recognized startups will get an opportunity to list the product on Government e-Marketplace
  • DPIIT recognized startups are exempted from submitting Earnest Money Deposit
  • Exemption from Prior Experience/Turnover is provided for Start-ups in all Central Government ministries and departments.

Easy winding up of Company

According to the Insolvency and Bankruptcy Code, 2016, the company can be wound up within 90 days of applying for insolvency

Funds of Funds

The startups will be eligible for Rs.10000 crore funds of funds from the Alternative Investment Funds.

Credit Guarantee Fund

The startups can avail Rs.2000 crore Credit Guarantee fund through the National Credit Guarantee Trust Company or SIDBI over 4 years.

Self Certification

After obtaining the DPIIT Certificate of Recognition for Startups, the entity will be allowed to self- certified compliance under 3 Environmental Laws & 6 Labor Laws.

Why Taxlegit

Taxlegit is India’s largest professional platform of lawyers, chartered accountants, and company secretaries- with years of experience behind. We execute legal work for over 1000 companies and LLPs every month. We have a team of our legal professionals.

What is a Startup?

A startup is a recently opened business, normally small which is started by a single or group of people. The term startup refers to a company in the first stages of operations. Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand. Startup India is a revolution scheme that has been started to help the people who want to start their own business. This scheme works towards the innovation, development, deployment & commercialization of new product or process or services driven by technology or intellectual property.

Benefits of Startup India Registration

  • Tax Benefit
  • Tender Participation
  • Opportunity of Government Funding
  • Participate In Various Government Scheme
  • To Participate In Start- Up Grand Challenges
  • Easy Winding Up
  • Connect Networks
  • Self-Certification
  • Rebate in Patent Filling
  • Rebate in Trademark Filling
  • Business Opportunity
  • BRC Certification – For Packaged Food, Ready To Eat Food

Turnover Limit

The Company should have an annual turnover which shall not exceed Rs. 100 crore since its incorporation for any of the financial years.

Innovation Friendly

The startup should be working towards innovation or development of new products or services or in the direction of improvising an existing one. The business model should be high potential with the purpose to create wealth & generate employment.

Start-Up Patent Application

The DPIIT recognized startups are required to pay only 80% of the fees on Patents, trademark, copyrights and design, and the fast-tracking of a patent application will be available for startups.

Tax Exemptions

  • After obtaining the Certificate of Recognition, the startup can apply for Tax exemption under section 80 IAC of the Income Tax Act.
  • The DPIIT recognized startups can apply for Angel Tax Exemption
  • After obtaining the clearance for Tax exemption, the DPIIT recognized startups are exempted from income tax for 3 consecutive fiscal years out of its first ten years since formation.

Eligibility Of Startup India Registration

  • The entity is registered under companies act 2013
  • It is registered under section 59 of partnership act 1932, as a partnership firm
  • It is registered under LLP Act 2002, as a LLP firm.

Documents Required Of Startup India Registration

  • Certificate of Incorporation (COI)/ Registration Certificate and PAN.
  • The registered address of the company or LLP.
  • Directors/Partners photograph
  • Email ID and Mobile number
  • The registered address of the director /partner.
  • Details of Authorized Representative (Name, Designation, Mobile No. Email ID).
  • Revenue model and Uniqueness of the Product
  • A Brief Note about your business product/services

Steps to register yourself on Startup India Portal

  • Step-1; Log on to Startup India Portal https://www.startupindia.gov.in/
  • Step-2; Enter your legal entity
  • Step-3; Enter your incorporation details, registration number, and registration date
  • Step-4; Enter the PAN Number
  • Step-5; Enter your residential address
  • Step-6; Enter your details of an authorized representative
  • Step-7; Enter the details of the director ad partners
  • Step-8; Submit required documents
  • Step-9; Submit an application

Frequently Asked Questions

The main focus area of the Startup India Registration Scheme is to support innovation, boost startup and Economic development in India.
Under Startup India we can register the following;
  • Private Limited Company
  • Partnership Firm
  • Limited Liability Partnership
The business structure of startup should be – Private Limited Company Limited Liability Partnership
Incubators-They are ordinarily organizations that help business people by building up their business, particularly in the underlying stages. Accelerators -bolster beginning time and development-driven organizations.
The DPIIT certificate shows that you are registered under Startup India.
This DPIIT Certificate of Recognition for Startups will be issued after examination of the application and documents submitted
Steps to register for DIPP Certificate
  • Step 1: Incorporation of the business
  • Step 2: Registering business with the startup India scheme
  • Step 3: Documents required to be uploaded online
  • Step 4: Choose if you would like to have tax benefits
  • Step 5: Self-certify your documentation.
It will take 15 days to register under a Private Limited Company.
Only an individual can become a designated partner in an LLP.
When the application is finished, and the startup receives identification, you will get a system-generated certificate of recognition. You will have the option to download this testament from the Startup India portal.
  • Certificate of Incorporation (COI)/ Registration Certificate and PAN.
  • The registered address of the company or LLP.
  • Directors/Partners photograph
  • Email ID and Mobile number
  • The registered address of the director /partner.
  • Details of Authorized Representative (Name, Designation, Mobile No. Email ID).
  • Revenue model and Uniqueness of the Product.
  • A Brief Note about your business product/services.
To avail benefits of government schemes, entity needs to be recognized as a Startup by applying on Startup India Mobile App/portal and obtaining the certificate of recognition.
The registration fee for a startup shall depend on the type of company registration and shall vary from person to person.
Yes, a foreign national can enter into partnership under the LLP Act and register under Startup India.
Yes, One Person Company is eligible to avail benefits under the Startup India Scheme.
Letter of support is a recommendation letter from the angel investors or incubators in which they declare to help the startup by providing funding or loan.
I Use of ‘Startup India’ Logo will be allowed without any permission for the following categories: – All. Central Government Ministries/Departments and Departments of State Governments/UT Administrations for use in programmers directly organized by them.
Following are the steps to register a profile on the Startup India Website.
  • Step-1; Click on register and fill the details are required in the form.
  • Step-2; An OTP will be sent your registered e-mail address, post submitting which your profile get created.
  • Step-3; Select your profile type
  • Step-4; Within 48 hours you will avail the benefits on the startupindia.gov.in
Investing in startups is a risky proposition, but the low requirement for overhead capital combined with high upside potential, makes it lucrative for investors to put their bets on startups.
Yes, an entity without a PAN can be registered as a Startup on our website. However, it is advised that a valid PAN of the entity is provided at the time of registration.
Yes, a foreign national can enter into partnership under the LLP Act and get that LLP registered on our website. It can even get recognized by the DIPP.

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