{"id":794,"date":"2019-07-01T11:54:56","date_gmt":"2019-07-01T11:54:56","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=794"},"modified":"2019-08-12T16:11:51","modified_gmt":"2019-08-12T10:41:51","slug":"startup-india-scheme-registration-eligibility-procedure","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/","title":{"rendered":"Startup India Scheme: Registration, Procedure &#038; Eligibility"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Benefits_of_the_Startup_India_Plan\" title=\"Benefits of the Startup India Plan:\">Benefits of the Startup India Plan:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#How_can_a_startup_be_established_in_India\" title=\"How can a startup be established in India?\u00a0\">How can a startup be established in India?\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Process_of_registration_under_Startup_India_Scheme\" title=\"Process of registration under Startup India Scheme:\u00a0\">Process of registration under Startup India Scheme:\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_1_Incorporating_the_business\" title=\"Step 1: Incorporating the business:\">Step 1: Incorporating the business:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_2_Register_with_Startup_India_portal\" title=\"Step 2: Register with Startup India portal:\">Step 2: Register with Startup India portal:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_3_Documents_to_be_Uploaded\" title=\"Step 3: Documents to be Uploaded:\">Step 3: Documents to be Uploaded:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_4_Determination_for_availing_tax_benefits\" title=\"Step 4: Determination for availing tax benefits:\">Step 4: Determination for availing tax benefits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_5_Make_sure_that_you_have_satisfied_the_following_conditions\" title=\"Step 5:\u00a0 Make sure that you have satisfied the following conditions:\">Step 5:\u00a0 Make sure that you have satisfied the following conditions:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Step_6_Getting_your_recognition_number\" title=\"Step 6: Getting your recognition number:\">Step 6: Getting your recognition number:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#Conclusion\" title=\"Conclusion:\u00a0\">Conclusion:\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Startup India is a scheme introduced by the Indian government to help entrepreneurship flourish all over the country. By providing financial aid and creating job opportunities, The scheme aims at boosting the progress of entrepreneurship in India. This scheme was first introduced on 15th August 2015 by Mr. Narendra Modi, Prime Minister of India.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-798 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/startup.jpg\" alt=\"startup india registration\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/startup.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/startup-300x171.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/startup-20x11.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_the_Startup_India_Plan\"><\/span><b>Benefits of the Startup India Plan:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Below listed are some of the benefits of a startup India introduced by the Government of India:-\u00a0\u00a0<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> With nine labor laws and environmental laws, the startups will be allowed only to self-certify compliance. Also, inspections will not be carried out for a duration of three years, in the case of the labor laws,\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The companies can register in startup India program via mobile application by uploading all necessary documents required for the registration process. Not only this, the clearances for filing compliances, several approvals and registrations can be done single-handedly too.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The process of filing patents is made easier and well simplified for startups. And a rebate of 80% will be allotted to the Startup in the patent application. The facilitator fees will be upon the government, while the startup has to bear only the statutory fees.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> The program sets up seven new research parks for motivating and encouraging research and innovation among the students who aim to become an entrepreneur, by providing several schemes and facilities in the R&amp;D section.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Startups and well-experienced entrepreneurs will be given priority, which was not possible earlier. This was because the applicants have very less or insufficient experience and turnover. But it was the past, now the public appropriation norms are made more flexible and simplified for startups and entrepreneurs.\u00a0<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"How_can_a_startup_be_established_in_India\"><\/span><b>How can a startup be established in India?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One can establish a startup and register under Startup India by providing or uploading relevant documents and by following the procedure or process as explained down below.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Process_of_registration_under_Startup_India_Scheme\"><\/span><b>Process of registration under Startup India Scheme:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Step_1_Incorporating_the_business\"><\/span><b>Step 1: Incorporating the business:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">First, the business has to be made a legal entity by incorporating itself as a Private Limited Company or a Limited Liability Partnership or a Partnership firm. After incorporating the firm, several registration &amp; certificates are required to be obtained, like GST Registration, Shop &amp; Establishment, Profession tax, TAN and PAN, PF and ESIC, Etc.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Step_2_Register_with_Startup_India_portal\"><\/span><b>Step 2: Register with Startup India portal:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Next, you can register your business as a startup by Log On to the Startup India website i.e. <\/span><a href=\"https:\/\/www.startupindia.gov.in\"><span style=\"font-weight: 400;\">https:\/\/www.startupindia.gov.in<\/span><\/a><span style=\"font-weight: 400;\">\u00a0 by filling the registration form with all details and credentials of your business and by providing all the necessary documents, which should be uploaded in PDF format only. The list of documents need to be uploaded are as follows:\u00a0<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Step_3_Documents_to_be_Uploaded\"><\/span><b>Step 3: Documents to be Uploaded:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><em><b>a) A letter of support or recommendation:<\/b><\/em><\/p>\n<p><span style=\"font-weight: 400;\">Along with the recommendation form, a letter of recommendation is also required. It should be any one of the below shown,\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As specified by the Department of Industrial Policy (DIPP), a letter of recommendation\u00a0 (regarding the firm&#8217;s innovative nature) in the specified format, has to be submitted along with registration form, from an incubator being established in a post-graduate college in India. Or else,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0As specified by the Government of India, a letter of support from an incubator, being funded (in relation to the project) will be enough. Or else,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A letter of recommendation from an incubator recognized by the government in a format specified by the Department of Industrial Policy (DIPP). Or else,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A letter of funding by an incubation Fund\/Private Equity Fund\/ Accelerator\/Angel fund\/ Angel Network with minimum 20% in equity, endorsing the innovative nature of the business and registered duly with the SEBI. Or else,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0As a part of some specified scheme initiated to promote and support innovation, a letter of funding by any State Government or the Government of India.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0By the Indian Patent Office, a patent filed and also published in the journal, in the areas which are affiliated or related with the nature and scope of the business being promoted.\u00a0<\/span><\/li>\n<\/ol>\n<p><em><b>b) Registration\/Incorporation Certificate.<\/b><\/em><\/p>\n<p><span style=\"font-weight: 400;\">The certificate of incorporation of the company\/partnership firm\/private limited company is then required to upload (in PDF format only).\u00a0<\/span><\/p>\n<p><em><b>c) Description of your business in brief.<\/b><\/em><\/p>\n<p><span style=\"font-weight: 400;\">A brief description showing how innovative your products and services are must be provided. Don&#8217;t ever forget that the product should necessarily be original, innovative in nature and must feature some new methods or remaking of any old methods or processes.\u00a0 Especially if you are looking for income tax exemption for three years.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/aktassociates.com\/start-your-business-in-india\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-805 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/start-your-business-in-india.png\" alt=\"start your business in india\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/start-your-business-in-india.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/start-your-business-in-india-300x64.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/07\/start-your-business-in-india-20x4.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Step_4_Determination_for_availing_tax_benefits\"><\/span><b>Step 4: Determination for availing tax benefits:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The startups are exempted for a duration of 3 years or more from any income tax payment. Startups only after certifying by the Inter-Ministerial Board (IMB) can enjoy this benefit or advantage. Moreover, the Intellectual Property Rights (IPR ) related benefits can only be obtained after just getting recognized by Government of India and DIPP, without needing any additional certification from IMB.\u00a0 Then just clicking &#8220;Yes&#8221;, you can share the application with the Inter-Ministerial Board.\u00a0\u00a0<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Step_5_Make_sure_that_you_have_satisfied_the_following_conditions\"><\/span><b>Step 5:\u00a0 Make sure that you have satisfied the following conditions:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Registration of your company as a legal entity, in the sense a Partnership firm, Limited Liability Partnership or a Private Limited Company.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Registration or Incorporation of your business should not be done in India before five years.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The yearly turnover must not be more than 25 crores.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The business must be carrying out significant upgrading of technology and always Innovating something new and original.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The new startup business must not be a remake or reconstruct of any old or existing business.\u00a0\u00a0<\/span><\/li>\n<\/ol>\n<h4><span class=\"ez-toc-section\" id=\"Step_6_Getting_your_recognition_number\"><\/span><b>Step 6: Getting your recognition number:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">The recognition number will be received, once all of your documents are examined and the certificate of recognition is assigned. One must be careful while uploading the documents. As if any wrong document is uploaded or any essential document is not uploaded or any document is found out not to be genuine, then a fine of 50% of paid-up share capital of the startup with a fine not less than 25,000 will be charged upon the applicant. That&#8217;s why it is always advised to upload all the documents in the mentioned format and very carefully after due consultation.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As above, we have seen the process of establishment of a startup and the registration process of the startup under the Startup India Programme along with various benefits allotted by the scheme too. This campaign highly supports the economic growth of the country by invoking several potential startups and aspiring entrepreneurs across the country. As a result of which, many shining entrepreneurs and startups are now coming up in the light. Anyways, that was the registration process and some benefits we saw regarding Startup India. Even so, if you have any doubts or questions in your mind about this, then happily contact us through the comments as below.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Startup India is a scheme introduced by the Indian government to help entrepreneurship flourish all over the country. By &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Startup India Scheme: Registration, Procedure &#038; Eligibility\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/startup-india-scheme-registration-eligibility-procedure\/#more-794\">Read more<span class=\"screen-reader-text\">Startup India Scheme: Registration, Procedure &#038; Eligibility<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Startup India Scheme: Registration, Procedure &amp; Eligibility\u00a0<\/title>\n<meta name=\"description\" content=\"Startup India is a scheme introduced by the Indian government to help entrepreneurship flourish all over the country. 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