11 Nov 2019, 10:22 — 4 min read
Background: Startup India is an initiative by the government of India whereby eleigible companies can get recognised as ‘startup’ by DPIIT (Department for Promotion of Industry and Internal Trade) in order to access a host of tax benefits, easier compliance, IPR (Intellectual Property Rights) fast-tracking and more. Ripple Nagpal explains the process to register for the Startup India scheme.
Also read: Benefits of registration under ‘Startup India’: Financial, income tax & more
The first step is to incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership.
Private Limited Company
Fill the SPICe Form and file it before MCA (Ministry of Corporate Affairs) to get your registered as Private Limited Company
Limited Liability Partnership
Fill the FiLLiP Form and file it with the MCA
Prepare the Partnership deed and file it before the Registrar of Partnership
Also read: How to form your own startup: A legal perspective
The following entities will be eligible for registration under the Startup India scheme -
An entity shall be considered as a startup -
If you meet the above mention criteria, then only you can get yourself registered as “startup”. For registration, as a startup under the Startup India Scheme, the entire process is online and facile.
Upload the document as asked. Mainly the following documents are required:
For availing the benefits under the Startup India Scheme, the startup should be recognised by Department of Industrial Policy and Promotion (DIPP) and must obtain the certificate from Inter-ministerial Board.
You have to self-certify all the documents that you have uploaded.
After all the above steps are completed, a unique recognition number will be generated and issued. Startup Recognition Certificate will be generated after all the documents are verified.
Also read: 10 legal tips to safeguard your business interests
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Posted byRipple Nagpal
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