Startup India Registration service for Indian Startups

Eligible Startup Company, LLP or Registered Partnership Firm registered in India

  • Incorporated after 1st April 2016
  • Turnover not exceeding Rs 25 crores in any previous year

Our Professional Fee @ Rs 12,000 + GST

 

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Startup India Registration service for Indian Startups

Startup India Recognition at a glance

Startup means an entity, incorporated and registered in india on or after 1st April 2016,

  • As a Private Limited Company or Limited Liability Partnership or Registered as a Partnership Firm.
  • With an annual turnover not exceeding Rs. 25 crore for any of the financial years since incorporation/registration.
  • 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.
  • An entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.

An entity shall cease to be a Startup,

  • On completion of 7 years (or 10 years in case of Biotechnology sector) from the date of incorporation/registration.
  • If its turnover for any previous year exceeds Rs. 25 crore

Benefits of Startup India Registration

Self Certifications
Eligible for Self certification and compliance under environmental & labour laws.
Startup Patent Application
Fast track registration process & up to 80% rebate in filling patents.
Govt Fee Concession
In many cases 50% Govt fee concession available. Example in Trademark application.
Public Procurement
Fast track under the criteria of "prior experience/turnover" for startups in all Central Government ministries/departments.
Govt. Funding Opportunity
Government allotted Rs 10,000 crores funds for investment into startups through Alternate Investment Funds. SIDBI is managing this fund.
Credit Guarantee
Rs. 2,000 crores credit guarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years.
Tax Exemption
1) Income Tax exemption for 3 years, 2) Capital gain tax and Angel tax.
Easy Winding up
Windup company in 90 days under insolvency & Bankruptcy code 2016.

Documents Requirement for Startup India Registration

  • Certificate of Incorporation / Registration Certificate
  • PAN Card
  • Company Details ( Industry, Sector, Category, Office Address etc)
  • Directors/Partners Details ( Name, Gender, Mobile No. Email ID, Full Address)
  • Details of Authorised Representative ( Name, Designation, Mobile No. Email ID)
  • Startup information and Activities ( as specified by DIPP)

Our Professional Fee

Startup India Registration

Recognition Certificate by DIPP ( MInistry of Commerce and Industry)

Rs. 14160

Apply For Tax Benefit certificate

Only for Startups Get Recognition Certificate

Customise Fee

Our Service Package inclusion for Startup India Registration

Consultation
First, Get Consultation from our Consultant to know the eligibility requirements, documents and process of registration.
Preparing Application
Once we collect your documents, Startup information and activities, our process starts to prepare your application as per norms of the DIPP.
Preparing Write-up
based on the information provided by you, we prepare a write-up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services or its scalability in terms of employment generation or wealth creation.
Application Submission
Once your application is completed in all respect, we proceed to file your application with DIPP ( MInistry of Commerce and Industry).
Update Status
We Track the application status and update Client time to time.
Registration Certificate
Once the department examine and approve your application, your Registration Certificate is Issued.
The whole process takes approx 7-10 days

How to Apply for Tax Exemption Certificate U/s 80-IAC of Income Tax Act

As per Revised Rule vide Notification dated 11th April '2018 issued by Ministry of Commerce and Industry ( Department of Industrial Planning and Promotion) - 

A Startup being a Private Limited Company or Limited Liability Partnership (LLP) incorporated after 1st April 2016 but before 1st April 2021 may, for obtaining a certificate for the purpose of section 80-IAC of the Income Tax Act, make an application in Form-I along with documents  specified theirein to the Board and the Board may after calling for such documents or information and making such enquires, as it may deem fit -

Either

i) Issue Tax Exemption Certificate.

or

ii) Reject the application by providing reasons.

How to Apply for Tax Exemption Certificate U/s 56 (2) (viib) of Income Tax Act (Angel Tax)

As per Revised Rule vide Notification dated 11th April '2018 issued by Ministry of Commerce and Industry ( Department of Industrial Planning and Promotion) - 

ELIGIBILITY CRITERIA:-

A Startup being a Private Limited Company recognised as Startup shall be eligible to apply for approval for the purpose of Section 56(2)(viib) of the Income Tax Act ( popularly known as ANGEL TAX), if the following conditions are fulfilled:-

(i)   the agreegate amount of paidup share capital and share premium of the startup after the proposed issue of share capital does not exceed Rs 10 crores.

(ii)   the investor/proposed investor, who proposed to subscribe to the issue of share of the startup has

         a) the average returned income of the Rs 25 Lakhs or more for the proceeding three financial years, or

         b) the networth of Rs 2 Crores or more as on the last date of the proceeding financial year, and

(iii)   the startup has obtained a report from a merchant banker specifying the fair market value of share in accordance with rule 11UA of the Income Tax Rule, 1962.

APPLICATION & APPROVAL PROCESS:-

The application for approval under this para shall be made in Form-2 to the Board and shall be accompanied by documents specified therein.

And Board may after calling for such documents or information and making such enquires, as it may deem fit -

Either

i) Grand approval for the purpose of Section 56(2)(viib) of the Act, specifying the relevent details, including details of investors, amounts of premium on which shares are to be issued and the latest date by which the shares are to be issued; 

or

ii) Decline to grant the said approval after providing reasons.

Startup India Registration service for Indian Startups
FAQs
    • Our Professionals possess deep exposure in preparing application and write-up. It helps you smoothly file your application with DIPP.
    • Yes. We do serve our clients PAN India from our Branch Offices and Associate Startup Consultants in Major Cities.
      For startup India registration, we manage to do centrally from Delhi NCR Office.
    • Yes. Provided the Company incorporated in India and fulfil all Specified criteria to become eligible for registration.
    • upto 7 years (or 10 years in case of Biotechnology sector) from the date of incorporation/registration or
      valid till Its turnover in any previous year does not exceeds Rs. 25 crores.
      Which ever earlier.
    • No.As per recent notification dt 11.04.2018, to claim Tax benefit/Exemption under income tax act, you need to apply separately after getting your startup recognised.
    • Normally it takes 7-10 days.
    • Startup Recognition Certificate issued by Ministry of Commerce and Industry ( Department of Industrial Planning and Promotion).