According to the revised announcement that was published on 23rd May 2017, an organization will be considered as a Startup: if it is incorporated in India as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership corporation (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008); and for ten years from the date of its incorporation/ registration; in any case, on account of Startups in the biotechnology division, the period will be as long as 10 years from the date of its incorporation/ registration; and if its annual turnover for any of the financial years since incorporation/ registration has not surpassed Rs. 100 crores; and if that it is working in the direction of innovation, development or improvement of items or procedures or services, or if that it is a scalable business model with a high capability of employment generation or wealth creation.
An organization created by splitting up or reconstruction of existing commerce will not be considered a ‘Startup‘.
Get a quote from Kanakkiyal in less than 24 hours.
Certificate of Incorporation or Partnership Registration Certificate
PAN Card of all shareholders and Directors. Foreign nationals must provide a valid passport.
Brief Write up on how the business is working towards: innovation, employment, wealth creation
Website OR Company Profile Deck (Any One)
Startup India is a scheme available for every stakeholder in the Startup network to interact amongst one another, exchange knowledge as well as create successful partnerships in a highly dynamic environment.
Yes, provided the corporation incorporated in India and fulfil all specified criteria to become eligible for registration
Up to 10 years from the date of incorporation/registration or valid until its turnover in any previous year does not exceed Rs. 100 crores, whichever is earlier.
No. According to the current notification dated 11.04.2018, in order to claim Tax benefit or exemption under the income tax act, one is required to apply separately after getting the startup recognized
Startup Recognition Certificate is issued by the Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade).
Click the button and enter your details in the appearing form. We will contact you within 24 hours to schedule a free consultation call and discuss your needs.
Get a quote from Kanakkiyal in less than 24 hours.