The Government of India, under the management of the Ministry of Commerce and Industry, launched the Startup Registration India Stand-up India program in 2015 to elevate and expand Indian start-ups in order to enhance the Indian economy and promote entrepreneurship. If you want to do Online Startup India Registration you must take the assistance of Online Ca services.
Eligibility of Online Startup India Registration
To be considered a Startup Registration, you must meet the following requirements:
- Being formed or registered in India for less than seven years, with biotech enterprises having a max of ten years.
- In any of the previous financial years, annual turnover did not reach Rs 25 crores.
- Aims to contribute to the creation, deployment, or commercialization of new products, processes, or services that are based on technology or intellectual property.
- It is not formed by the dismantling or reconstruction of an existing firm.
- It must be certified by the Inter-Ministerial Board established for this purpose.
- It can be formed as an LLP, a registered partnership firm, or a Pvt limited company.
Documents required for Online Startup India Registration
- Incorporation Certificate or Certificate of Partnership Registration.
- Brief Explanation about how the company is pursuing innovation, employment, and wealth growth.
- PAN Card for the company.
- Company Profile Card OR Website (Any One).
Procdure for Startup India Registration
Step 1: Incorporating the business
For Online Startup India Registration the applicant must form an LLP, a Pvt Limited Company, or a Partnership firm to operate his or her business. Additionally, the applicant must complete the fundamental registration requirements.
Step 2: Filing with Startup India
To register as a Startup, go to Startup india Registration official website and fill out the online registration form, along with all of the essential company information and the uploading of required documents for Startup registration.
Step 3: Uploading of Major Documents
You must upload all the important documents like the Letter of Recommendation and Business description in brief
Step 4: Recieve Tax Benefits
Startups are free from paying income tax for the first three years. Startups must, however, be recognized by theI MB in order to receive such incentives.
Step 5: Lastly, get the recognition number
A certificate of recognition will be provided once the applicant has self-certified conditions and all of the documents have been confirmed by the appropriate authority. All legitimate and valid documents must be uploaded, according to the applicant for Startup Registration. Any incorrect document uploaded will lead in the applicant paying a penalty of 50% of the Startup’s paid-up capital, or a minimum fine of Rs. 25,000.
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Conclusion
The government’s Startup India programme is an important step in supporting India’s startup ecosystem. Do take Startup Registration seriously and operate your business easily. The Online Startup India Registration process for startups in India is also straightforward and sensible. However, in order to get the most out of the scheme, it is recommended that you get Business Consultancy from industry specialists like Caonweb. They are the best Tax consultant near me service providers in India. Enjoy all the government’s benefits in the Startup india Registration process.
Frequently asked Question
Can OPC register under Startup India?
Yes, Advantages under the Startup india Registration initiative are available to one-person companies
OPCs will no longer be restricted in terms of paid-up capital or turnover and will be able to convert into any other type of business at any moment.
Documents required for startup India registration?
In the case of a company or LLP, a Certificate of Incorporation is required, as well as a Registration Certificate and a PAN. Details on the Directors/Partners ( Name, Photo, Gender, Mobile No. Email ID, Full Address).Company Information (Industry, Sector, Category, Regd. Office Address, etc.)A synopsis of the company, its products/services, and any noteworthy inventions. Authorized Representative Information ( Name, Designation, Mobile No. Email ID). Product’s Revenue Model and Uniqueness. Website-If there is one, please provide it.
How do I register for a startup in India?
In India, the startup registration process can be completed entirely online. Here’s how the online startup registration procedure works:
Submit an application to Startup India. Incorporate the scheme with supporting documents such as the Certificate of Incorporation/Registration. Alternatively, get professionals to perform it for you to save time and headaches. Simply click here to receive an immediate response.
Who is eligible for startup India?
There is a various company who can registers as startup Private Limited Company under Companies, LLP and Patnership firm.
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Chartered Accountant by profession, CA Sakshi Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.