The Department of Industrial policy and promotion was set up in 1995. It is operated under the Ministry of Commerce and Industry, Government of India. The department takes care of policy formulation and implementation of the promotional and development measures for industrial sector growth. This department is also responsible for intellectual property rights and other initiatives regarding their promotion and protection. Recognition of a startup shall be up to 7 years starting from the date of incorporation. Secondly, a startup must not exceed the threshold of 25 crores. Remember once your startup ceases to be eligible, you should intimate this to DIPP within a period of 21 days.
Features of Startup India Registration
These are some features are :
New-entrants are granted a tax holiday for three years.:
The government has provided a fund of Rs.2500 crore
for startups, as well as a credit guarantee fund of Rs.500 cr rupees.
Documents Required
Business Entity
Document Required for Startup India Registration:
Incorporation Certificate
MOA/AOA ( Bye Lawy’s I and MOA if NGO)
GST number (If applicable)
Entity current account canceled Check
Audit Report (Balance Sheet, Company ITR, if applicable)
Annual Report (Balance Sheet, if applicable)
Address Proof (Rent Agreement..)
Electricity Bill
Udyog Aadar of entity (if available)
Other Licenses of entity (If applicable and entity took already for government scheme like Startups, DIPPT, MSME, etc.)
Founder and Partners Documents required for each entity :
Aadar card
PAN Card
Voter ID/Driving Licenses / Passport
Email ID, Mobile Number, Education qualification
President address (if present address different from permanent address)
Two passport photo of each
Bank statement of all at least 3 Month, with bank address, account number, and IFCC code (if applicable)
Note- Company CIN details if director/partner/Member in any other company or entity.
Process
register your startup with Startup India:-
Incorporate your business
Register with Startup India
Documents to be uploaded (in PDF format only)
Answer whether you would like to avail tax benefits Immediately get the recognition number
