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Startup India Registration Guide

1) To be recognized as a startup in India, an entity must go through legal requirements and registration processes outlined by the Department of Industrial Policy and Promotion to receive benefits. 2) Eligible startups must be a private limited company, partnership firm, or limited liability partnership less than ten years old with an annual turnover less than 100 crore, working towards innovation or improving products, processes or services. 3) The application process involves submitting an online application with documents of incorporation and a description of the innovative business, then potentially receiving tax benefits, completing a self-assessment, and getting a unique recognition number and certificate if approved.

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42 views1 page

Startup India Registration Guide

1) To be recognized as a startup in India, an entity must go through legal requirements and registration processes outlined by the Department of Industrial Policy and Promotion to receive benefits. 2) Eligible startups must be a private limited company, partnership firm, or limited liability partnership less than ten years old with an annual turnover less than 100 crore, working towards innovation or improving products, processes or services. 3) The application process involves submitting an online application with documents of incorporation and a description of the innovative business, then potentially receiving tax benefits, completing a self-assessment, and getting a unique recognition number and certificate if approved.

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Jughead
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Quick Steps: Startup India

In order to be recognised as a Startup, a person must go through all the legal requirements
attached to it in order to avail the benefits. In India, the Department of Industrial policy and
promotion, take care of all the legal fulfillment and provide a detailed guide as to how to start a
startup and get it recognised by the Government of India to avail the benefits. Before the
process, we need to go through the requirement or eligibility in order to constitute a startup.

Under the vide notification of G.S.R. 127(E) issued by the government (click here), the definition
is provided under Section 1(a), as to what constituted a Startup.
The first criteria is that, a Startup should be incorporated as one of the following:
● private limited company
● partnership firm
● limited liability partnership
Second, the entity shall be considered as Startup Upto a period of ten years from the date of
incorporation/ registration, and turnover restricted to 100 crore for every year.
Thirdly, an entity is working towards innovation, development or improvement of products or
processes or services.
We have to keep in mind that, entity formed by splitting up or reconstruction of an existing
business shall not be considered as Startup.

How to get recognised?


The process of getting your startup recognised by the government department of DPIIT, is laid
down under Section 2.
1. You have to Make an online application to the portal of DPIIT. (Link here). Application
shall carry two things-
● Copy of Certificate of Incorporation or Registration.(Type of business you incorporated).
● Write-up about the nature of business and how it is innovative and unique, how it will
give a chance of employment and its scalability in terms of growth.
The decision then will rest on the authority, as they either accept your application or reject it.
2. After filing the preliminary application, you can choose to avail tax benefit, if the authority
authorises you the same.
3. A Self Assessment in order to clarify what you have entered is true and not forged.
4. After going through all that, you will receive one unique recognition number, and after a
few days, if the application gets accepted by the authorities, you will get your certificate
of recognition.

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