Startup India Certificate
Benefits of this program
- Simplified Registration: Easy registration setup for startups on Startup India portal.
- DPIIT Recognition: Eligible startups gain DPIIT recognition and further render various benefits out of it.
- Tax Exemption for 3 Consecutive Years: Recognized startups get income tax exemption for 3 consecutive years within their first 10 years of their incorporation given they are incorporated after April 2016.
- Section 56 Exemption: Investments from listed companies and accredited investors are exempt under Section 56(2) (VIIB) of the Income Tax Act.
- Self-Certification: Startups can easily self-certify compliance for six labor and three environmental laws. IPR Support:
- - Fast-tracked patent applications.
- - Expert guidance from facilitators with Government coverage on facilitation costs.
- - 80% rebate on patent filing fees.
- Easy Winding Up: Operations can be closed within 90 days under the Insolvency and Bankruptcy Code, 2016.
- Access GeM: Recognized startups can register on Government e-Marketplace as seller to government entities.
- Tender Benefits: No prior experience/turnover required for manufacturing startups in government tenders + Exempted from Earnest Money Deposit (EMD).
- Funding Support: Financial assistance via Startup India Seed Fund Scheme.
- Networking: Access to mentorship, networking events, and investor platforms.
Eligibility
To be a part of Startup India Scheme, startup must comply with the following eligibility criteria:
Startup Age: Startup should be operational for no more than 10 years since the date of incorporation.
Company Type: Startup must be registered as a Private Limited Company, Registered Partnership Firm, or LLP company.
Turnover: The annual turnover of the startup must not exceed Rs.100 crores in any financial year since the time of incorporation.
Scalability: The startup must aim to develop and improve a product, process or service, or have a potentially scalable business model with significant capacity to create employment and generate wealth.
DPIIT Recognition: Startup must be recognized by DPIIT in order to render the Tax Exemption and compliance benefits under startup India Scheme.
Startup India Registration Process
Here are the detailed steps to register and obtain the Startup India Certificate:
1. Incorporate Your BusinessChoose a Structure: Select what suits best for your business. You can register your company as Private Limited Company, LLP, or Partnership Firm.
Submit Application: File registration with the Registrar of Companies (ROC) for Private Limited/LLP or Registrar of Firms for Partnership.Whatever you choose, as a completion of the registration you will receive a Cerrtificate of Incorporation or partnership registration as a proof of legal establishment of your business. Professionals at BharatEdge can help you navigate through the entire process of company registration.
2. Register with Startup India3. Get DPIIT Recognised4. Recognition number and Certificate: The real Deal To register a startup in India and obtain DPIIT recognition, the following documents are required:
1. Company Incorporation/Registration Certificate
2. Funding Proof (if applicable)
3. Authorisation Letter from the company’s representative
4. Proof of Concept (website, pitch deck, or demo video)
5. Patent/Trademark Details (if any)
6. List of Awards or Recognitions
7. PAN (Permanent Account Number)
