What is Start Up India Registration?


Startup India is an initiative by the Government of India launched in January 2016. This initiative is taken by the government of India to boost the ecosystem for supporting innovation and startups in India. Through this scheme, the government is looking forward to drive sustainable economic development and enhance employment opportunities in India.
A startup is a small business started with the objective to solve a problem. These are the companies which are generally operated by the founders or a single person. These companies are generally offering those services which the founders think are not available or are available in an inferior quality. Startups provide jobs opportunities to the people which helps in the economic development of the society.
Recognition of a startup shall be up to 7 years starting from the date of incorporation. Secondly, a startup must not exceed the threshold of 25 crores.


Startup means an entity, incorporated and registered in india.


1. As a Private Limited Company or Limited Liability Partnership or Registered as a Partnership Firm.
2. With an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.
3. Working towards innovation, development or improvement or of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
4. An entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.
5. Shall not be more than 10 years old for Startup recognition OR not incorporated before April 2016 to claim Tax Exemption certificate.
An entity shall cease to be a Startup.
1. On completion of 10 years from the date of incorporation/registration.
2. If its turnover for any previous year exceeds Rs. 100 crore.


Rietway Consutants Start Up Registration Package


The Services which are included in our package are as Follows:
✅ Documents preparation
✅ Preparation of Application
✅Application Filing
✅ Start Up India Certificate


Documents Requirement for Startup India Registration


1. Certificate of Incorporation / Registration Certificate and PAN
2. Company Details ( Industry, Sector, Category, Regd. Office Address etc)
3. Details of Authorised Representative ( Name, Designation, Mobile No. Email ID)
4. Email ID and Mobile number
5. Directors/Partners Details ( Name, Photo, Gender, Mobile No. Email ID, Full Address)
6. A Brief about business and products/services and notes on innovations
7. Revenue model and Uniqueness of the Product
8. Website/Pitch Deck/Video/Patent ( anyone)


Benefits of Startup India Registration


1. Tax Exemption
Once your company get Startup recognition, you can further apply for Income Tax Exemption benefits available u/s 80IAC and U/s 56 relief for Angel Tax relief (Tax on Share Premium).

2. Tender Participation
In many Tenders, Govt. and PSU gives relaxation for Startups to Participation in public procurement job through tenders. Relaxation in Prior experience, EMD or Turnover criteria.

3. Govt. Funding Opportunity
Government allotted Rs 10,000 crores funds for investment into startups through Alternate Investment Funds. SIDBI is managing this fund. Startups can apply under this quota.

4. Participate in various Govt. Scheme
Government issues day to day various schemes for startup to participate. For example, sustainable finance scheme, bank credit facilitation, raw material assistance, etc.

5. Participate Startup Grand Challenges
Many reputed companies encourage startup entrepreneurs for their solutions. Here gives an opportunity for startup to participate in the scheme and win funding. Recently, Whatsapp, Mahindra, Aditya Birla, many more companies organising such financial assistance scheme with Startup India.

6. IPR Govt. Fee Concession
In IPR Registration 50%-80% Govt. fee concession available. Example in Trademark, Patent application.

7. Self Certifications
Eligible for Self-certification and compliance under 9 environmental & labour laws.

8. Easy Winding UP
Windup company in 90 days under insolvency & Bankruptcy code 2016.

9. Connect Networks
Search and find various startups and connect with them. Get Mentorship, connect with investors and industries.

10. GEM Portal Seller Registration and Bid
Startup India (DIPP) require for registration at GEM Portal of govt. https://gem.gov.in/



STARTUP PROCESS


1. Know the eligibility requirements, documents and process of registration First step is to create an account with startup India portal with unique Email ID and Mobile no. An OTP is send to registered email id for verification.To be noted Email ID and Mobile number must not be registered earlier.Startup India Portal run by Department for Promotion of Industry and Internal Trade (DPIIT) ( earlier DIPP).
2. Preparing Application as per norms of the DIPP.
3. Preparing write up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services or its scalability in terms of employment generation or wealth creation.
4. Once Application is completed in all Respect , File the Application with DIPP ( MInistry of Commerce and Industry).
5. Track the Application Status.
6. Once the department examine and approve the application, Registration Certificate is Issued and send on email by department.
The whole process takes approx 2-3 working days.
DPIIT ( Department for Promotion of Industry and Internal Trade) ( earlier DIPP) under Ministry of Commerce and Industry is the approval authority of Startup recognition.


FAQ on Start Up India Registration


Q. Can Public Limited Companies Apply For Start Up?
A. No, only Private Limited Company or Limited Liability Partnership (LLP) or a Registered Partnership Firm having registered office in India and not more than 10 years old or turnover below Rs 100 crores.

Q. What to do when you get mail of 'Correction Required' from DPIIT ( earlier DIPP)?
A. Login to portal and resubmit with corrected data as required. Maximum 3 attemps you may allowed to correct data.

Q. What happen when your 3 attempt of correction is lapsed?
A. Application is suspended for 3 months. After that again you can re apply.

Q. Can a foreign company register under Startup India hub?
A. Any entity having atleast one registered office in India is welcome to register on the hub as location preferences, for the time being are only created for Indian states. However, we are working on international relations and will soon be able to enable registration for stakeholders from the global ecosystem.

Q. How do Investors add value to Startups?
A. Investors particularly venture capitalists (VCs) add value to startups in a lot of ways: 1. Stakeholder Management: Investors manage the company board and leadership to facilitate smooth operations of the startup. In addition, their functional experience and domain knowledge of working and investing with startups imparts vision and direction to the company.
2. Raising Funds: Investors are best guides for the startup to raise subsequent rounds of funding on the basis of stage, maturity, sector focus etc. and aid in networking and connection for the founders to pitch their business to other investors.
3. Recruiting Talent: Sourcing high-quality and best-fit human capital is critical for startups, especially when it comes to recruiting senior executives to manage and drive business goals. VCs, with their extensive network can help bridge the talent gap by recruiting the right set of people at the right time.
4. Marketing: VCs assist with marketing strategy for your product/service.
5. M&A Activity: VCs have their eyes and ears open to merger and acquisition opportunities in the local entrepreneurial ecosystem to enable greater value addition to the business through inorganic growth.
6. Organizational Restructuring: As a young startup matures to an established company, VCs help with the right organizational structuring and introduce processes to increase capital efficiency, lower costs and scale efficiently.