Start Up Registration
MEANING OF START UP
A start-up is a new business in India founded by one person or a group of people who want to create a popular product or service.
It provides a diverse range of products or services that are novel and not provided by another company.
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Our Process
MEANING OF START UP
A start-up is a new business in India founded by one person or a group of people who want to create a popular product or service.
It provides a diverse range of products or services that are novel and not provided by another company.
START UP INDIA
The government of India encourages startups in India because they benefit the Indian economy and attract talented entrepreneurs who aid in the development of an economy.
This has increased the popularity of startups in India.
It increases employment in the country and promotes long-term economic development.
- One (Color) Photograph
- Self-attested PAN card & Adhar Card copy
- Self-attested copy of any one of the Identity Proof like Driving License, Passport or Voter ID.
- Self-attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill/ Mobile Bill or Electricity Bill.
- For the Company Address proof Electricity Bill, Telephone Bill, Mobile Bill or Gas Bill AND Rent Agreement (If Rented) & NOC for doing Business & for taking Registration.
- Documents Verification
- Apply for DSC & Obtain
- Draft Application Ready sent for approval
- Final Application Submitted
1. The requirements for business registration
Register a business as:
3. The startup company should strive for product or process innovation, development, or improvement.
4. Startup businesses can be formed for a period of seven years from the date of incorporation/registration; however, startups in the biotechnology sector can be formed for a period of ten years from the date of incorporation/registration.
5. A business entity formed by the reconstruction of an already existing business will not be considered a 'Start-up.'
6. Get permission from the Department of Industrial Policy and Promotion.
7. Obtain a certificate from the Indian Patent and Trademark Office.
8. Innovative ideas and plans are required.
9. Funding information must be registered with SEBI.
Register a business as:
- Companies Act of 2013, Private Limited Company
- The Limited Liability Partnership Act of 2008 defines a limited liability partnership.
- Partnership Firm under the Partnership Act, 1932
3. The startup company should strive for product or process innovation, development, or improvement.
4. Startup businesses can be formed for a period of seven years from the date of incorporation/registration; however, startups in the biotechnology sector can be formed for a period of ten years from the date of incorporation/registration.
5. A business entity formed by the reconstruction of an already existing business will not be considered a 'Start-up.'
6. Get permission from the Department of Industrial Policy and Promotion.
7. Obtain a certificate from the Indian Patent and Trademark Office.
8. Innovative ideas and plans are required.
9. Funding information must be registered with SEBI.
Startup India has waived the requirements and altered the registration process. The following documents are not required to be filed for registration:
- Recommendations letter
- Funding letter
- Sanction Letters
- Certificate of MSME
- Certificate of GST
According to DIPP, recognised start-ups receive the following benefits:
1. Exemption from Tax
1. Exemption from Tax
- Companies that register as startups are eligible for exemption benefits under Section
- 80IAC under the Income Tax Act and Section 56 relief for Angel Tax Relief
- Government. Furthermore, PSUs that participate in public procurement jobs in the form of tenders can benefit from Startup tax breaks.
- breaks
- Currently, the government has allocated Rs 10000 crores in funds to be invested in startups through the AIF, which is managed by SIDBI.
- The government introduces numerous programmes to encourage startups to participate. For instance, bank credit facilitation, sustainable finance schemes, and so on.
- Fee concessions of 50%-80% are available for IPR registration in the form of a patent or trademark application.
- It is simple to close a business. Under the Insolvency and Bankruptcy Code 2016, it only takes 90 days to wind up.
- Filling of LLP Agreement
- Preparation of First Board Meeting
- Opening of Bank Account
- Issue of Share Certificate
- Apply for Commencement of Business
- Appointment of Auditor