Startup India Registration In Maharashtra: Online DPIIT recognition
The government of India started the Startup India initiative to encourage entrepreneurship in India. Under this initiative, the government has reduced compliance for entrepreneurs and existing businesses to promote them.
Businesses can avail various benefits such as tax holidays, easy bank loans and access to SIDBI funds of funds (FoF) or startup India seed funds through DPIIT startup India recognition.
To register as a startup, entities must register on the Startup India portal and apply for DPIIT recognition.
Startup India DPIIT Sample Report
Table of Content
- What is Startup India DPIIT recognition
- Benefits of Startup India Registration
- Eligibility Criteria for Startup India Registration
- Document required for Startup India Registration
- Steps for startup in India registration
- Fees for startup India registration
- Procedure to apply with professional utilities
- Conclusion
- Frequently Asked Questions (FAQs)
What is Startup India DPIIT recognition?
DPIIT stands for "Department for Promotion of Industry & Internal Trade", & it acts as the nodal Department for coordinating the efforts of all Central Government Departments & State Governments for carrying this plan forward.
DPIIT is also responsible for recognizing Startups under the Start-up India policy of the Government of India. Once the Startup is recognized it can get various benefits under this Policy.
Benefits of Startup India Registration
- Self-certification
- Easy winding up process
- Exemption from 6 labour laws
- Tax exemption under section 56
- Easier public procurement norms
- Startup patent & I.P.R. application
- Exemption from 3 environmental laws
- Tax exemption under 80 IAC (for 3 consecutive years)
Note: Businesses with DPIIT recognition are exempted from deposition of EMD (Earnest money deposit) in tender participation on public procurement platforms.
Eligibility criteria for Startup India registration in Maharashtra
Under the Startup India Action Plan, startups that meet the definition prescribed under G.S.R. notification 127 (E) can apply for recognition under the program. The program aims to create a robust ecosystem and pick up new-age enterprises.
The following are the eligibility criteria for Startup India registration set up by DPIIT.
Companies age: The entity's operational years and period of existence should be ten years from the date of incorporation.
Companies Type: The Concerning business should be registered with RoC as one of the following types of business under the companies act 2016.
- Private limited Company
- Limited liability Partnership
- One person company
- Partnership Firm
Annual turnover: Annual turnover should be at most 100 crores for the financial years since its inception.
Original entity: The Company should not have been established through the dissolution or reconstruction of an existing enterprise.
Innovative and scalable: It should be working to create & improve products or services and have a company strategy that can be scaled to generate significant wealth and job opportunities.
Documents required
The following documents are needed to be submitted by the entities for recognition of Startup India by DPIIT.
- Certificate of Incorporation
- Companies P.A.N. Card
- Director's Aadhar & P.A.N. card
- Passport-size photograph of the directors
- Website or companies profile deck (if available)
- Photo & video of products/services
- AuthorizationAuthorization Letter
- Brief write-up on how the business is working towards:
- Innovation in the industry
- High potential for wealth creation
- High potential for employment generation
- G.S.T. registration
- MSME registration
- Trademark registration
- Copyrights registration
Other certificates, if available
Steps for Startup India recognition
1. Incorporate a business
The first and foremost step before applying under Startup India is that the applicant should be eligible; that is, their entity should be registered as a business entity under the company registration Act.
2. Creation of a profile on the startup India portal
Business owners must create their profiles on the portal before applying for DPIIT recognition. Follow the following steps to create the profile.
- Visit the Startup India website and navigate to the sign-up portal.
- Fill required details such as your name & mobile number
- An OTP will be sent to your mobile number; enter and submit to create a profile.
3. DPIIT recognition
Once the profile is created, the respected entities are required to avail themselves of DPIIT recognition. Navigate to the startup recognition form; you need to fill in the details, such as the entity details.
DPIIT recognition is obligatory for businesses to avail the benefits of various government programs for MSMEs and entrepreneurs.
Startup India Registration Fees
The professional charge for getting DPIIT recognition under Startup India initiatives is 4,999 rupees only & the total time it would take in the process would be 20-25 business days.
| Particulars | Fees |
|---|---|
| Our Professional Charges | 4,999 Rupee |
| Time Taken in Process | 20-25 Days |
How to apply for Startup India registration with professional utilities
Getting startup India registration with professional utilities is an easy and hassle-free task. You can register your business under startup India in 3 simple steps with us.
Step 1:
Get in touch via call or Contact with us
Step 2:
Provide all the required details & documents
Step 3:
Get approval by DPIIT within 20-25 days
Conclusion
Startups in India are witnessing a golden age in the history of Indian entrepreneurship. Yet the government has a critical role in establishing India as the world's technological giant. Through the Startup, the India initiative government is acting as a bridge to reduce the gap between new startups and opportunities they otherwise can't avail without the help of government entities. You can also explore the registration process in Goa here: Startup India Registration in Goa.
Frequently Asked Questions (FAQs)
How to apply for startup india registration?
The process of registration for startup india is very simple. You just have to follow these simple steps to get your registration done with us.
- Contact us
- Provide details & documents
- Get you approval within 20-25 days from DPIIT
Is it necessary to register startups in India?
Startups are encouraged by the government by providing them various benfetis through tax holidays & fewer compliances. However it is not mandatory for startups to get registered under India. But the scheme introduced by govt can help them in promoting their business.
What is the startup India registration eligibility?
The eligibility criteria for entities for DPIIT recognition is described in GSR notification 127-E.
- Entity should not be older than 10 years
- It should not have annual turnover more than ₹100 crores.
- Origination should be innovate & scalable
How much time does it take in Startup India registration?
It takes around 20-25 days to complete the whole process by DPIIT.
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