Experienced & Professional Team Timely & Accurate Documentation Transparent Process Affordable & Reliable Services

Startup India Registration

Startup India Registration By Expert Mantra

Expert Mantra offers Startup India Registration, covering Government Fees & Stamp Duty. You’ll receive a complete incorporation kit with share certificates.*

  • Simple and streamlined process

  • Quick and hassle-free registration

  • Guidance from our in-house experts

  • 100% online documentation for your convenience

 

Startup India Registration – Empowering Innovation and Entrepreneurship

Startup India is a flagship initiative launched by the Government of India to create a robust ecosystem that nurtures innovation and supports the growth of startups. The aim is to drive sustainable economic development while generating significant employment opportunities across the nation. Through this program, the government seeks to empower startups to scale up through innovation, creativity, and design-driven solutions.

The key objectives of the Startup India movement include:

  • Developing enhanced infrastructure, such as incubation centres

  • Facilitating Intellectual Property Rights (IPR) processes, including simplified and faster patent filing

  • Creating a supportive regulatory framework with tax benefits, simplified compliance, faster company registration, and efficient approval mechanisms

  • Expanding access to funding opportunities

  • Building a strong networking platform that connects entrepreneurs with investors, mentors, and other stakeholders in the startup ecosystem

Benefits of the Startup India Scheme

The Startup India Scheme offers a wide range of incentives to encourage entrepreneurship and support new ventures. Below are the key benefits:

1. Income Tax Benefits
  • Certified startups, as approved by the Inter-Ministerial Board of Certification, are eligible for an income tax exemption for the first three years from the date of incorporation.

  • Startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) and having total paid-up share capital and share premium not exceeding ₹25 crore (after any proposed share issuance) are also exempt from capital gains tax under Section 56 of the Income-tax Act, 1961–2014.

2. Financial Benefits
  • Significant rebates on Intellectual Property Rights (IPR) costs: 80% on patents and 50% on trademarks.

  • Government-appointed facilitators assist in protecting and commercialising IPRs, with their fees covered by the government.

  • Fast-track examination and processing of IPR applications.

3. Registration Benefits
  • Simplified startup registration through an online portal that also offers networking opportunities and support services.

  • A dedicated problem-solving window provided by the government to assist startups.

4. Funding Benefits
  • Several states offer seed funding for certified startups under the scheme. Eligibility and requirements vary by state.

5. Regulatory Benefits
  • Self-certification allowed for six labour laws and three environmental laws via an online process.

  • For labour laws: No inspections for five years unless a written, credible, and verified complaint is received and approved by a senior official.

  • For environmental laws: Startups classified under the ‘white category’ (as per the Central Pollution Control Board) can self-certify compliance, with only random inspections conducted.

6. Public Procurement Benefits
  • Certified startups with a DIPP recognition number can register as sellers on the Government e-Marketplace (GeM) to participate in government procurement opportunities.

  • Exemptions are granted for earnest money deposits in bids and certain requirements related to prior turnover and experience, subject to meeting quality and technical standards.

7. Faster Exit Benefits
  • Special provisions allow eligible startups to close operations within 90 days.

  • An insolvency professional is appointed to fast-track the process, manage asset sales, settle debts, and ensure compliance with limited liability provisions.

Checklist for the Startup India Scheme

  • To qualify under the Startup India Scheme, a business must meet the following criteria:

    1. Type of Entity – The business must be registered as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP).

    2. Funding Requirement – The business should be financed by an incubation fund, angel fund, or private equity fund for approval by the Department for Promotion of Industry and Internal Trade (DPIIT).

    3. Patent & Trademark Support – The company should have a patron guarantee from the Indian Patent and Trademark Office.

    4. Recommendation Letter – A recommendation from a recognised incubator is required.

    5. SEBI Registration – For startup networks, registration with the Securities and Exchange Board of India (SEBI) is necessary.

    6. Age & Revenue Limit – The company must be newly established or not more than five years old, with an annual turnover not exceeding ₹25 crore.

    7. Tax Benefits –

      • No income tax on capital gains under the scheme.

      • Capital gains are fully exempt from income tax.

    8. Innovation Criteria – The business should focus on innovation, development, or improvement of products, processes, or services.

    9. Scalability – Must have a scalable business model with strong potential for job creation or wealth generation.

Eligibility Criteria for Startup India Registration

To qualify for registration under the Startup India Scheme, a business must meet the following conditions:

  1. Company Registration

    • Must be incorporated as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP).

    • Should be funded by an incubation fund, angel fund, or private equity fund for approval by the Department for Promotion of Industry and Internal Trade (DPIIT).

  2. Patron Guarantee & Recommendation

    • Must have a patron guarantee from the Indian Patent and Trademark Office.

    • Requires a recommendation letter from a recognised incubator.

  3. Company Age & Revenue

    • Should be newly established or not more than five years old.

    • Annual turnover must not exceed ₹25 crore.

  4. Innovation & Scalability

    • Must focus on innovation, development, or improvement of products, processes, or services.

    • Should have a scalable business model with strong potential for job creation or wealth generation.

Documents Required for Startup India Scheme Registration

To apply under the Startup India Scheme, the following documents are typically needed:

  1. Identity Proof

    • Any valid government-issued photo ID.

  2. Address Proof

    • Official documents showing both the individual’s and the company’s registered addresses.

  3. Company Documents

    • Private Limited Company: Memorandum of Association (MOA) and Articles of Association (AOA).

    • Partnership Firm: Partnership Deed.

  4. Patent & Financial Documents

    • Asset and liability statements of both the borrower and the guarantor.

    • The company’s three most recent balance sheets.

  5. Incorporation Certificate

    • Company registration certificate issued by the Registrar of Companies (ROC).

Home
Search
0
Account