START UP Registration
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‘.
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Documents Required for Company Registration
Certificate of Incorporation or Partnership Registration Certificate
Brief Write up on how the business is working towards: innovation, employment, wealth creation
PAN Card of all shareholders and Directors. Foreign nationals must provide a valid passport.
Website OR Company Profile Deck (Any One)
ELIGIBILITY FOR STARTUP INDIA REGISTRATION
Private Ltd. Co./LLP/Partnership Firm
Company is Offering Innovative products or service OR
Registered for not more than 10 years
Company is having a business model with high potential of employment eneration OR
Turnover does not exceed Rs. 100 crore
Company is having a business model with high potential of wealth creation
Frequently Asked Questions
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.
- After the completion of 10 years from the date of incorporation or registration.
- In case the turnover for any previous year surpasses Rs. 100 crore
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).
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