What is startup registration?

The Government of India’s flagship programme, Startup India, was introduced in January 2016. The government of India has launched this programme in an effort to strengthen the ecosystem that supports entrepreneurs and innovation in the country. The government hopes to promote economic growth that is sustainable and increase job possibilities in India through this programme. In order to fulfil the needs of this project, the Indian government has unveiled the Startup India action plan.

In 1995, the Department of Industrial Policy and Promotion was founded. It operates under the direction of the Indian government’s Ministry of Commerce and Industry. The department oversees the creation of policies and the execution of marketing and development initiatives for the expansion of the industrial sector. Additionally, this division is in charge of the promotion and protection of intellectual property rights and other related projects.

What are the required documents for startup registration in India?

The required documents for startup India registration are as follows:

1. A PAN and a certificate of incorporation or registration
2. A phone number and email address
3. Company Information ( Industry, Sector, Category, Regd. Office Address etc)
4. Details of the Directors/Partners ( Name, Photo, Gender, Mobile No. Email ID, Full Address)
5. Authorized Representative’s Information ( Name, Designation, Mobile No. Email ID)
6. A brief overview of the company, its services and products, and its advances
7. The product’s uniqueness and business model
8. Web page, pitch deck, video, and patent ( anyone)

What is the startup registration process in India?

The procedure for startup registration in India is as follows:

Step One: Your company must first be incorporated as a Limited Liability Partnership, a Private Limited Company, or a partnership firm. You must adhere to all standard business registration requirements, such as submitting an application and receiving a certificate of incorporation or partnership registration.

By submitting a registration application to the Registrar of Companies (ROC) in your area, you can incorporate a Private Limited Company or a Limited Liability Partnership (LLP). By submitting an application for your company’s registration with the local registrar of firms, you can create a partnership firm. The registration application must be submitted to the Registrar of Companies or Registrar of Firms along with the necessary paperwork and fees.

Step Two: After that, the company needs to register as a startup. Everything is straightforward and done online. Click the “Register” button as displayed below while you are on the Startup India website.

Step Three: After providing your name, email address, mobile number, and password, press the “Register” button.

Then, enter the OTP that was sent to your email along with additional information (such as the type of user, name, startup stage, etc.) and press the “Submit” button. The Startup India profile is established after these facts are entered.

After creating a profile on the website, companies can apply for a variety of challenges, incubator/mentorship programmes, and acceleration programmes, as well as have access to resources including learning and development programmes, government programmes, state policies for startups, and free services.

Step Four: Making a request for Department for Promotion of Industry and Internal Trade (DPIIT) Recognition is the next step after creating a profile on the Startup India website. With this recognition, startups are better able to take advantage of benefits like easy company winding, access to Fund of Funds, tax exemption for three years in a row, and tax exemption on investments that are more expensive than fair market value. Other advantages include relaxation of public procurement rules, and self-certification under labour and environmental laws, and self-certification.

To receive DPIIT Recognition, log on to the Startup India website using your registered profile (account) credentials and select the “DPIIT Recognition for Startups” button under the “Schemes & Policies” tab.

Step Five: You must fill out the “Startup Recognition Form” with information about the entity, the full address (office), the authorised representative, the directors, the partners, the information needed, the startup activities, and the self-certification. Enter data in each field by clicking the ‘+’ symbol on the form’s right side.