Startup India Scheme

Startup India Scheme


Startup India Scheme
Startup India Scheme is an initiative of the Indian government, the primary objective of which is the promotion of startups, generation of employment, and wealth creation. It was launched on the 16th of January, 2016 by Prime Minister Narendra Modi at Vigyan Bhawan, New Delhi.
Features Of the Scheme
The following features make the scheme a stand-out factor:
    New-entrants are granted a tax-holiday for three years.
    The government has provided a fund of Rs.2500 crore for startups, as well as a credit guarantee fund of Rs.500 crore rupees.

Eligibility For Startup Registration     

    The company to be formed must be a private limited company or a limited liability partnership.
    It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding  25 crores.
    The firms should have obtained approval from the Department of Industrial Policy and Promotion (DIPP).
    To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
    The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
    It must have a recommendation letter by an incubation.
    Capital gain is exempted from income tax under the startup India campaign.
    The firm must provide innovative schemes or products.
    Angel fund, Incubation fund, Accelerators, Private Equity Fund, Angel network must be registered with SEBI ( Securities and Exchange Board of India).

Register Your Company

As have been observed, registration on startup portal can be done only through for the following firms:
    Partnership Firm
    Limited Liability Partnership Firm
    Private Limited Company

Partnership Firm

A partnership firm is registered under the Partnership Firm Act. To start a partnership firm, the concerned parties have to draft a partnership deed where the terms and conditions of the partnership firm will be mentioned.  This partnership deed must be registered with the registrar of firms. We can help you with the formation of a partnership firm. For more details, click here.
Limited Liability Partnership Firm
A Limited liability partnership firm is registered under the LLP Act. Both partnership firm and LLP are very similar, but LLP has more in common with a private limited company like limited liability protection, transferability, etc. For more details on LLP registration, click here.
Private Limited Company
The private limited company is the most popular type of legal entity in India. Know more about company registration here.


Application Procedure

Step 1: Log on Startup India Portal https://startupindia.gov.in/registration.php.
Step 2: Enter your Legal Entity.
Step 3 : Enter your Incorporation / Registration No.
Step 4 : Enter your Incorporation / Registration Date.
Step 5: Enter the PAN Number (optional).
Step 6: Enter your address, Pin Code & State.
Step 7: Enter details of the Authorized Representative.
Step 8: Enter the Details of  Directors and Partners.
Step 9: Upload the essential documents and Self – Certification in the prescribed manner.
Step 10: File the Incorporation / Registration certificate of the company.

Comments

  1. Nithya20 May 2019 at 02:43

    With startups being the biggest booming industry in the present era, this scheme introduced by Modiji is god sent. Thank you Thakare Digital group for putting together the guidelines along with its eligibility and requirements in a uniform way for easier absorption.

    ReplyDelete
  2. Verma22 October 2019 at 06:17

    Informative post. Thanks for the sharing us!



    Startups Funding India is a well-known tech startup funding service provider company in India. If you have any business idea we Invest in startups for your new business.

    ReplyDelete
  3. StevenHWicker22 June 2020 at 11:20

    Thank you for your articles that you have shared with us. Hopefully you can give the article a good benefit to us. Professional SEO Services in Egypt

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  4. sudalai20 October 2020 at 22:35


    the information you have updated is very good and useful,plse update further.
    if you required any info regarding TAX & GSTR please visit

    Digital Signature Services in Delhi|
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    Trademark Registration in Delhi|
    Consultan in Delhi|
    GST Training Institutes in Delhi|
    Income Tax Consultants in Delhi|
    Auditors For IT in Delhi|
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    SSI Registration in Delhi

    ReplyDelete
  5. vajith25 October 2020 at 23:26

    he information you have updated is very good and useful,plse update further.
    if you required any info regarding TAX & GSTR please visit
    LLP company registration in Bangalore
    Startup india registration in Bangalore

    ReplyDelete
  6. Pradeep Rj10 March 2021 at 08:31

    Thanks for sharing, these kind of posts are tweak the audience perception towards startup. Click here to ROC Filing

    ReplyDelete
  7. expertbells7 March 2022 at 00:16

    It was such a great idea about Startup India Registration.

    Thanks for sharing.

    ReplyDelete

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