Startup India
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Startup India Registration by DPIIT with pitchdeck and Ledgers accounting software.
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- Startup India
- Recognition
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Pricing Summary
Market Price :₹11,899
Bmcsindia: ₹4899 All Inclusive
₹4151 + ₹748 GST
You Save :₹7,000(59%)
Government Fee :Included
Startup India Recognition
Startup India is an ambitious initiative by the Indian Government designed to foster a robust ecosystem for cultivating innovation and nurturing startups within the country. The primary objective is to catalyze sustainable economic growth and create significant employment opportunities on a large scale.
The objectives of the Startup India Movement are outlined below. The action plan envisages supporting the startups and more:
- Enhanced infrastructure, including incubation centres
- IPR facilitation, including easier patent filing
- The better regulatory environment, including the tax benefits, easier compliance, improved setting up of a company, fastest mechanism and more.
- A goal to increase the funding opportunities
- Provide a vast networking database for the entrepreneurs and other stakeholders in the startup ecosystem.
Eligibility Criteria
The startup must meet the following eligibility criteria to avail the DPIIT Certificate of Recognition:
- Period of Existence of Entity: The Period of existence and operations of the company should not exceed 10 years from the date of formation
- Type of Entity: The DPIIT Certificate of Recognition is provided for the company which is incorporated as a Private Limited Company, a Limited Liability Partnership (LLP) or a Registered Partnership Firm.
- Annual Turnover: To get the DPIIT Certificate of Recognition, The firm should have an annual turnover of Rs. 100 crore for any of the fiscal years since its federation
- Original Entity: To avail the DPIIT Certificate of Recognition, the company should not have been incorporated by splitting up or recreating an already existing entity.
- Innovative & Scalable Entity: The entity should be working towards development or improvement of a product, process or service.
- The entity should have a scalable business model with high potential for the creation of wealth and employment. The firm should have the potential to generate employment or create wealth.
Procedure to get DPIIT Certificate
The entity should follow the straightforward steps outlined below to obtain the DPIIT certificate of recognition.
Incorporation of the Business
As previously mentioned, the entity must initially establish the business as a Private Limited Company, Partnership firm, or Limited Liability Partnership (LLP). Contact Bmcsindia.Com to initiate your company registration.
Registering Business with the Startup India Scheme
The business needs to be registered with the Startup India Scheme to get the DPIIT certificate of recognition.
Apply for Start-up Recognition
To secure the DPIIT Certificate of Recognition for startups, the applicant unit should visit the Start-up India Recognition portal and complete the registration process.
Provide the following details in the Start-up Recognition application :
- Entity Details: Nature of Entity, Industry, Sector, Categories and Company Incorporation Number and Registration Date
- Full Address of the Entity
- Details of the Authorized Representative
- Directors or Partner Details
- Details of Intellectual Property Right
- Details of funding
- Recognition received by the entity
Get the Startup Recognition Number
The DPIIT Certificate of Recognition for Startups will be issued after a thorough examination of the application and the submitted documents.
Upon approval from the ministry and the allocation of a unique startup recognition number, the startup becomes eligible for tax benefits and registration.
Benefits for DPIIT Recognized Startups
The disadvantages of a Partnership Firm incluThe startups can avail the following benefits after obtaining the DPIIT Certificate of Recognition for Startups:de:
Self Certification
Once the DPIIT Certificate of Recognition for Startups is obtained, the entity gains the privilege to self-certify compliance under three Environmental Laws and six Labour Laws.
Start-Up Patent Application
For DPIIT-recognized startups, there is a significant benefit – they are only required to pay 80% of the fees for Patents, trademarks, copyrights, and designs. Additionally, startups have the advantage of fast-tracking their patent application.
Easier Public Procurement Norms
- The DPIIT recognized startups will get an opportunity to list the product on Government e-Marketplace.
- DPIIT recognized startups are exempted from submitting Earnest Money Deposit
- Exemption from Prior Experience/Turnover is provided for Start-ups in all Central Government ministries and departments.
Easy winding up of Company
In accordance with the Insolvency and Bankruptcy Code, 2016, a company can be liquidated within just 90 days of applying for insolvency.
Funds of Funds
Startups will have access to a significant opportunity as they become eligible for a Rs. 10,000 crore fund of funds provided by the Alternative Investment Funds.
Credit Guarantee fund
Startups have the option to access a Credit Guarantee Fund of Rs. 2,000 crore over a span of four years through the National Credit Guarantee Trust Company or SIDBI.
Tax Exemptions
- After obtaining the Certificate of Recognition, the startup can apply for Tax exemption under section 80 IAC of the Income Tax Act.
- The DPIIT recognized startups can apply for Angel Tax Exemption.
- After obtaining the clearance for Tax exemption, the DPIIT recognized startups are exempted from income tax for 3 consecutive fiscal years out of its first ten years since formation.
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Proprietorship vs Limited Liability Partnership (LLP) vs Company
| Features | Proprietorship | Partnership | LLP | Company |
|---|---|---|---|---|
| Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
| Ownership | Sole Ownership | Min 2 Partners Max 50 Partners | Designated Partners | Min 2 Shareholders Max 15 Directors Max 200 Shareholders 1 Director 1 Nominee Director |
| Registration Time | 7-9 working days | |||
| Promoter Liability | Unlimited Liability | Limited Liability | ||
| Documentation | Partnership Deed | LLP Deed Incorporation Certificate | ||
| Governance | – | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
| Transferability | Non Transferable | Transferable if registered under ROF | Transferable | |
| Compliance Requirements | Income tax filing if turnover is more than Rs.2.5 lakhs | ITR 5 | ||
Frequently Asked Questions
BMCS India offers comprehensive business consultancy services, including strategy development, market research and analysis, financial advisory, operational optimization, and organizational transformation. We provide customized solutions to help businesses address challenges and achieve their growth objectives.
BMCS is the top most business management consultant all around the world. Our team of experienced consultants leverages industry knowledge, market insights, and proven methodologies to provide tailored solutions that align with your business goals. Whether you need assistance with market entry, strategic planning, process optimization, or talent management, we collaborate closely with you to understand your unique needs
BMCS India has expertise across various industries, including but not limited to technology, healthcare, manufacturing, retail, finance, and hospitality. Our consultants have worked with diverse clients, enabling us to understand industry-specific challenges and devise strategies that meet your sector's requirements.
To engage our services, you can reach out to us through our contact form, email, or phone. Our team will schedule an initial consultation to discuss your business objectives, challenges, and requirements. Following this consultation, we will provide a tailored proposal outlining the scope of work, deliverables, timeline, and pricing for your approval.
Absolutely! We work with businesses of all sizes, ranging from startups and small enterprises to multinational corporations. Our services are flexible and customizable to meet your specific needs, ensuring that you receive the level of support required to achieve your business objectives, irrespective of your company's size.
At BMCS India, we understand the importance of client confidentiality. We adhere to strict data protection protocols and maintain the highest level of confidentiality. Our consultants sign non-disclosure agreements, and we have robust internal systems in place to safeguard client information. Rest assured, your sensitive data is handled with the utmost care and confidentiality.
Yes, we can help your business expand internationally. Our team has experience and expertise in supporting companies with market entry strategies, feasibility studies, partner identification, and localization strategies in various global markets. We leverage our network of international partners to provide you with valuable insights and guidance throughout the expansion process.
To get started with BMCS India, simply reach out to us through our contact information on our website. We will be glad to schedule an initial consultation to understand your business requirements and discuss how our services can benefit you. From there, we will work together to develop a tailored plan to drive your business success.