Let us understand Startup India Scheme
To promote startups, to generate employment and to create a wealth, Government of India initiated a Startup India Scheme under guidance of Prime Minister Narendra Modi in 2016. The main motto behind this scheme is to develop an environment to boost entrepreneurship across the country. Many entrepreneurs has great ideas to start a business but failed due to lack financial support. Considering this as a biggest barrier, government providing financial aid to let entrepreneurs implement their ideas in reality and generate employment across the nation. Approximately Rs. 2500 Crore of fund is allotted by GOI for startups.
Contact Matriye now and get your company registered as startup promptly without any legal hassles.
Let us understand Eligibility for Startup Registration
Check these eligibility norms before registering your company as a startup
- Company must be registered as private limited company or a limited liability partnership.
- Company should not be older than five years with total turnover less than 25 Crores.
- Company should have valid approval from the Department of Industrial Policy and Promotion (DIPP).
- Company must be funded by an Incubation fund, Angel Fund or Private Equity Fund to seek approval from DIPP.
- Incubation fund, Angel Fund or Private Equity Fund who are funding the company must be registered with SEBI (Securities and Exchange Board of India).
- A valid recommendation by incubation is must.
- Company must engage itself in innovation through its products or services.
- Company also needs to obtain a patron guarantee from the Indian patent and Trademark Office.
Process of Startup Registration
- Use https://startupindia.gov.in for log in and visit registration page on the same website to avail benefits of Startup India Scheme.
- Keep your legal information ready and start filling by entering your legal entity
- Proceed to next step by entering your Incorporation / Registration No.
- Proceed to next step by entering your Incorporation / Registration Date.
- Enter details of your PAN
- Enter communication details like address, Pin code & state.
- Fill the details of authorized partners or representative
- Fill the details of directors having valid DIN and DSC
- Attach / Upload essential documents as mentioned on portal
- File Incorporation / Registration certificated of your company
Investment:
- 5500*
Professional fees
Advantages of Registering a Company as Startup
Companies that are registered as Startup are permitted to submit self-certify compliances. For the period of first three years they are required to submit very less compliances as compared to other company formats.
Entrepreneurs can easily register their companies as startup even using mobile application. To enhance employment through startups government also initiated a single window clearance for approvals, registrations and other supportive things.
If any startup wishes to register a patent for their innovative ideas and work, they just need to bear statutory fees as government will bear 80% of the fees for filing a patent application.
The main motto behind Startup India programme is innovation and development using technology. Thus companies registered as startup receives great support for their R&D activities.
