{"id":2407,"date":"2024-11-24T20:08:20","date_gmt":"2024-11-24T20:08:20","guid":{"rendered":"https:\/\/fastlegal.in\/blog\/?p=2407"},"modified":"2024-11-24T20:08:20","modified_gmt":"2024-11-24T20:08:20","slug":"startup-india-registration","status":"publish","type":"post","link":"https:\/\/fastlegal.co.in\/blog\/startup-india\/startup-india-registration\/","title":{"rendered":"How to Register your Company in Startup India"},"content":{"rendered":"\n<p>To Promote entrepreneurship to boost economy and increase employment , government of India Introduced Startup India Scheme, startup India Registration provides several benefits that has been provided to startups including tax holiday for period of 3 years to recognised startups. <\/p>\n\n\n\n<p>To get recognised as startups , entity has to apply for recognition as startup on <a href=\"https:\/\/www.startupindia.gov.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.startupindia.gov.in\/ <\/a> , once application is submitted it is reviewed for &#8220;Department of Promotion of Industry and Internal Trade&#8221; (DPIIT)  and if found eligible , the entity is registered as startup. Please note  <strong>Income Tax Exemption on profits under Section 80-IAC of Income Tax Act<\/strong> is issued separately. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/fastlegal.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/fastlegal.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-1024x576.png\" alt=\"startup india registration \" class=\"wp-image-2408\" title=\"\" srcset=\"https:\/\/fastlegal.co.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-1024x576.png 1024w, https:\/\/fastlegal.co.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-300x169.png 300w, https:\/\/fastlegal.co.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-768x432.png 768w, https:\/\/fastlegal.co.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-1536x864.png 1536w, https:\/\/fastlegal.co.in\/blog\/wp-content\/uploads\/2021\/07\/Startup-India-Registration-2048x1152.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h1 class=\"wp-block-heading\">Meaning of &#8220;Startup&#8221; <\/h1>\n\n\n\n<h2 class=\"wp-block-heading\">An entity shall be considered as a Startup:<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Upto a period of ten years from the date of incorporation\/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a <a href=\"https:\/\/fastlegal.in\/blog\/partnership-firm\/partnership-firm-registration-rajasthan\/\" data-type=\"post\" data-id=\"584\" target=\"_blank\" rel=\"noopener\">partnership firm<\/a> (registered under section 59 of the Partnership Act, 1932) or a <a href=\"https:\/\/fastlegal.in\/blog\/llp\/llp-registration\/\" data-type=\"post\" data-id=\"136\" target=\"_blank\" rel=\"noopener\">limited liability partnership<\/a> (under the Limited Liability Partnership Act, 2008) in India.<\/li><li>Turnover of the entity for any of the financial years since incorporation\/ registration has not exceeded one hundred crore rupees.<\/li><li>Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.<\/li><li><strong>Provided that<\/strong> an entity formed by splitting up or reconstruction of an existing business shall not be considered a \u2018Startup\u2019.<\/li><li>Explanation: An entity shall cease to be a Startup on completion of ten years from the date of its incorporation\/ registration or if its turnover for any previous year exceeds one hundred crore rupees.<\/li><\/ul>\n\n\n\n<h1 class=\"wp-block-heading\">Government Schemes &amp; Benefits after startup india registration<\/h1>\n\n\n\n<ul class=\"wp-block-list\"><li>Self Compliance under 3 environment and 6 labour laws <\/li><li>Income tax Exemption <\/li><li>Reduced Filing fee for Trademark <\/li><li>Reduced fee for Patent application <\/li><li>Easier Public Procurement norms <\/li><li>Easy Winding up<\/li><li>Reduced Compliance under Companies Act<\/li><li>Other Schemes launched by Government time to time <\/li><\/ul>\n\n\n\n<h1 class=\"wp-block-heading\">Following information are required for Startup India registration :<\/h1>\n\n\n\n<ol class=\"wp-block-list\"><li>Name of Company<\/li><li>Name of Startup<\/li><li>Website address of Company<\/li><li>Name , age qualification of Directors and Promoter \/ Authorized Representative <\/li><li>Current Number of Employees including Founders<\/li><li>Trademark or other IP details <\/li><li>Is the startup creating an innovative product \/ service \/ process or improving an existing product \/ service \/ process ? <\/li><li>Is the startup creating a scalable business model with high potential of employment generation or wealth creation ?<\/li><li>Brief note supporting the options chosen above for innovation, improvement and scalability<\/li><li>Has your startup received any funding?<\/li><li>Any awards\/recognition received by the entity , if yes , provide document in support <\/li><li>What is the problem the startup is solving ? 150 to 200 words \u00a0minimum <\/li><li>How does your startup propose to solve this problem? 150 to 200 words minimum<\/li><li>What is the uniqueness of your solution ? 150 to 200 words minimum<\/li><li>How does your startup generate revenue? 150 to 200 words minimum<\/li><li>App Link \/Pitch Deck etc if any <\/li><li>COI , MOA and AOA of Company <\/li><li>PAN of Company<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Fastlegal Provides help in filing your Startup India Registration application , Place your request below to get in touch with our team members <\/h2>\n","protected":false},"excerpt":{"rendered":"<p>To Promote entrepreneurship to boost economy and increase employment , government of India Introduced Startup India Scheme, startup India Registration provides several benefits that has been provided to startups including tax holiday for period of 3 years to recognised startups.&hellip; <a href=\"https:\/\/fastlegal.co.in\/blog\/startup-india\/startup-india-registration\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[7117,18],"class_list":["post-2407","post","type-post","status-publish","format-standard","hentry","category-startup-india","tag-startup-india-registration","tag-startup-registration"],"_links":{"self":[{"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/posts\/2407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/comments?post=2407"}],"version-history":[{"count":1,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/posts\/2407\/revisions"}],"predecessor-version":[{"id":2409,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/posts\/2407\/revisions\/2409"}],"wp:attachment":[{"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/media?parent=2407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/categories?post=2407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fastlegal.co.in\/blog\/wp-json\/wp\/v2\/tags?post=2407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}