Updated on July 06, 2024 06:09:39 PM
The government of India has started an ambitious Startup India program to support and encourage new businesses. Program goals include fostering startup creativity, development, and Scalability.
The program's benefits include tax breaks and access to government assistance for enterprises within their first ten years of operation. The government's goals include creating a robust industrial environment & encouraging a culture of entrepreneurship among the younger generation.
To use these resources and guidance, enterprises must first register with the DPIIT for startups in India recognition.
This article will briefly cover the startup registration process, benefits and other aspects of the registration.
Startup India Certificate [Sample]
The Department for the Promotion of Industry and Internal Trade (DPIIT) has determined the following criteria to be appropriate for categorizing businesses under startups.
1- The originality of the entity:- To meet the criteria for DPIIT registration, the startups must have been separate entities, meaning they cannot have been created by splitting an already existing company.
2- Type of business structure:- If a company is not registered under the following business structure as per the companies act 2013. Such entities will need help to avail the benefits of the startup India program.
3- Annual Turnover of the company:- The company's annual Turnover should be at most 100 crore rupees for any calendar year since its incorporation.
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 & the scalable entity:- The most critical aspect of a business is Scalability and innovation. These aspects are essential for any business activity. Before recognizing a new entity under the startup India program, DPIIT takes it under consideration because startups need to have a clear idea for DPIIT registration on the Startup India portal.
The applicant must first evaluate their eligibility for Startup India registration before applying. To conduct business legally, they must register their entity under the following business structure of the companies act 2013.
Only the businesses registered under the above categories can be considered for the startup India recognition.
Next, a user must create a profile on the startup India portal by filling out an online form and submitting the necessary details, such as an email address and one-time password (OTP), to validate the identification.
After successful profile creation, the candidate can take advantage of the subsequent.
Startups must apply for DPIIT approval after the profile has been created from the control panel; you may access the startup recognition application. To move on with the procedure, you will need to provide information such as your company's data as requested.
The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.
Note: Businesses with DPIIT registration are exempted from Earnest money deposition (EMD) during public bidding and procurements on etendering portals such as GeM portal.
The professional price for gaining DPIIT recognition under Startup India programs is 3,999 rupees only & the entire time it would take in the process would be 20-25 business days.
| Particulars | Fees |
|---|---|
| Our Professional Charges | 3,999 Rupee |
| Time Taken in Process | 20-25 Days |
Registration for a new business in India is quick and painless when you use the right tools. Our three-step process makes registering your company as a startup in India easy under DPIIT guidelines.
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get your Startup India Certificate in 20-25 working days
This moment in India's history marks the beginning of a period of unparalleled prosperity for the country's budding entrepreneurs. The government plays a crucial role in making India a technology superpower.
The Indian government's Startup India program acts as an intermediary between startups and the kinds of possibilities they might not be able to access on their own. Therefore the new businesses need to register themselves with DPIIT to take advantage of govt schemes & guidance.
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The registration process for startup India is straightforward. You must 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 20-25 days to complete the whole process by DPIIT.
Per the GSR 127-E guidance & rules, proprietors are not eligible to opt for DPIIT startup India registration.
As per the rules, these are the following types of companies that can get benefits of startup India registration.
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