Steps for DPIIT Startup India Registration

Startup India is a pathbreaking initiative of the government of India aimed at building a strong ecosystem of new-age startups & entrepreneurs which can sustain & boost economic growth in the country.

To fulfil the objectives of the startup India scheme government has made an action plan and started various programs such as:

• Simplification and Handholding
• Funding Support and Incentives
• Industry-Academia Partnership and Incubation

DPIIT recognized Startups would also have to face far fewer regulations and hassle while operating their businesses.

Startup India DPIIT Sample Report

• 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: Companies that have been granted DPIIT status are not required to put up an E.M.D. (earnest money deposit) to participate in tenders on public procurement platforms.

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.

The following documents are needed to be submitted to get DPIIT recognition for startups.

1. Certificate of Incorporation
2. Companies P.A.N. Card
3. Director's Aadhar & P.A.N. card
4. Passport-size photograph of the directors
5. Website or companies profile deck (if available)
6. Photo & video of products/services
7. Authorization Letter
8. Brief write-up on how the business is working towards:
• Innovation in the industry
• High potential for wealth creation
• High potential for employment generation

1. Incorporate a business

The foremost step before applying under Startup India is that the applicant should be eligible, which means their entity should be registered as a legal business entity under the company registration Act 2013.

2. Profile creation on the startup India portal

Interested business entities must create profiles on the portal before opting for DPIIT recognition.

You can follow the following steps to create the profile.

1. Visit the Startup India website and navigate to the sign-up icon
2. Fill required details, such as your name & mobile number
3. 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 & fill in the details , such as the entity details and details of the authorized person and also upload the self-certification document.

DPIIT recognition is obligatory for businesses to avail the benefits of various government programs for MSMEs and entrepreneurs.

The professional charge for getting DPIIT recognition under Startup India initiatives is 3,999 rupees only & the total time it would take in the process would be 15-20 business days.

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.

As a nation, India is experiencing its most prosperous period for startups ever. However, the government is crucial in making India a technology powerhouse. By facilitating connections between new businesses and available resources, the Indian government is helping to close the gap that has traditionally existed in the country. It is the right time to grab the opportunity and grow your business in India as a startup.