Updated on July 06, 2024 06:09:38 PM
The Startup India program is an ambitious initiative launched by the government of India to promote startups. The program is focused on the innovation, growth and scalability of the startup.
Under this initiative, new startups & businesses, at most 10 years, can avail of various benefits of the program, such as tax holidays & access to government funding. Govt aims to build a comprehensive industrial ecosystem and develop an entrepreneurship culture among the new generation.
To avail of all these benefits & guideship, businesses must register with the startup India registration DPIIT and the documents required for registration are updated accordingly by the concerned authorities.
Startup India DPIIT Sample Report
As per the Department for promotion of Industry & Internal trade (DPIIT), the classification of startups is done in the following categories.
1. Originality:- Originality requires not establishing the entity by bifurcating an existing entity to qualify for DPIIT registration.
2. Entities type:-The business entity must be registered under the companies act 2013 as one of the following entity types.
3. Turnover of the company:- The annual turnover of the company shall not be more than 100 crore rupees for any calendar year since its incorporation date.
4. Existence period of the company:- The existence period of the entity should be more than 10 years from the day of incorporation.
5. Innovation and the scalable entity:- The essential aspect of any business is whether the idea is scalable or innovative. Scalability & innovation are important factors for businesses, and DPIIT pays attention to them before recognizing new businesses under startup India recognition.
Before applying for Startup India recognition, the applicant must determine whether or not they are qualified. Their firm must be established as a legal business entity per the company registration act in the following category.
The next step is to create a profile on the portal by filing an online form and uploading the required details, such as email address and OTP, to verify the identity.
Once the profile creation is complete, the applicant will be eligible for the following.
Once the profile is created, the startups must file for DPIIT recognition. To apply for recognition, navigate to the startup recognition form from the dashboard. You must fill in the asked details, such as company details to complete the process.
The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.
The professional charge for getting DPIIT recognition under Startup India initiatives is 3,999 rupees only & the total time it would take in the process would be 20-25 business days.
| Particulars | Fees |
|---|---|
| Our Professional Charges | 4,999 Rupee |
| Time Taken in Process | 20-25 Days |
Note:Businesses with DPIIT registration are exempted from Earnest money deposition (EMD) during public bidding and procurements.
Getting startup India registration with professional utilities is an easy and hassle-free task. You can register your business under startup India in 3 simple steps with us.
Step 1:
Get in touch via call or Contact with us
Step 2:
Provide all the required details & documents
Step 3:
Get approval by DPIIT within 20-25 days
A golden era in the annals of Indian entrepreneurship is now being ushered in the country. However, the government plays an essential part in establishing India as a technical powerhouse on the global stage.
The Indian government, through its Startup India initiative, is playing the role of a bridge to narrow the gap between newly established businesses and the opportunities they otherwise would not be able to pursue without assistance from government entities.
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The process of registration for startup india is very simple. You just have to follow these simple steps to get your registration done with us.
Startups are encouraged by the government by providing them with various benefits through tax holidays & fewer compliances. However, it is optional for startups to get registered in India. But the scheme introduced by govt can help them in promoting their business.
The eligibility criteria for entities for DPIIT recognition are described in GSR notification 127-E.
It takes around 15-20 days to complete the whole process by DPIIT.
As per the GSR 127-E rules proprietor are not eligible to opt for DPIIT startup india registration.
As per the rules these are the following types of company who can get benefits of start-up india registration.
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