"Startup India Registration"
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A startup is a newly established business, usually small, founded by one or more people. A startup differs from other new businesses in that it provides a new product or service that is not available elsewhere in the same way. The key word here is "innovation." The company either creates a new product or redevelops an existing product or service into something better.
The Startup India Scheme is a 2016 initiative launched by the Government of India. The primary goal of Startup India is to promote startups, generate employment, and create wealth. Startup India has launched several programs aimed at developing a robust startup ecosystem and transforming India into a country of job creators rather than job seekers. The Department of Industrial Policy and Promotion is in charge of these programs (DPIIT).
We, Law Samadhan, respect your ambition and courage because we know, you put your – Idea, Product, Planning, and Investment of your precious Time and Money in starting your Startup. So rest assured, you are in the right place And best legal and corporate service are just a click away.
3 years of income tax exemption is given to startup provided that they are certified by the inter – ministerial board of certification.
After getting certified, startup can list themselves on India’s e-procurement portal and can apply for govt. tenders
Startup certification also help to reduce the cost and time for a startup to acquire a patent. govt. bear the entire fee of patent or trademark that startup may file and rebate of 80% on patent and 50% on trademark is give (only statutory fee will be payable).
Startup can be wound-up in 90 days of filing the application for insolvency and this allow our new entrepreneurs to reallocate resource
Regulatory benefits are granted under self-certification under this there will be no more inspection in case of labor laws and only random checks will be carried out in case of environmental laws However, there can be inspection in case of only credible and verified complain of violation
Incorporation or Registration Certificate
PAN of your company
Brief of your company’s objective in regards to scalability or innovative
Constitutional document of your company (Like MOA &AOA and partnership deed in case of partnership firm or LLP)
Details of Directors / Partners and Authorized representative
To apply for Startup India registration, visit the official website of Startup India and fill out the online application form. You will also need to upload the required documents and pay the registration fee.
It typically takes around 2-3 weeks to get Startup India registration once the application is submitted.
Startup India registration is valid for a period of 5 years from the date of recognition.
Yes, a startup can be de-recognized from the scheme if it fails to meet the criteria or if it is found to have provided false or misleading information during the registration process.
Yes, foreign nationals and companies can apply for Startup India registration, but they must comply with the Foreign Exchange Management Act (FEMA) and the Foreign Direct Investment (FDI) policy of India.