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Startup India Recognized Company
Startup India Registration under DIPP
The Government of India has come up with different schemes and plans to promote startups. The stated vision is to transform India from a nation of job seekers to job creators. To fulfill this vision the GOI has launched the scheme viz Startup India registration under DIPP (Department of Industrial Policy and Promotion) under the Ministry of Commerce and Industry.
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Exemption from Income Tax
The entity registered in the Startup India Scheme can avail exemption from paying income tax for 3 consecutive years during the first 10 years from the date of incorporation of the entity. To benefit from this advantage after obtaining recognition, the Startup must submit a separate application to the Inter ministerial Board of the IMB.
Exemption from Angel Tax
Startups are funded primarily through angel investments. But this investment is taxable. To increase funding for startups, the government has exempted registered startups from the tax levied on angel investments. Tax exemption is granted up to the full amount of paid up share capital and share premium does not exceed Rs. 25 Crore after the proposed share issue.
Reduced IPR registration fees
The recognized Startup will be eligible to claim a rebate in Trademark and Patent application fees. Such an entity will be able to claim 50% rebate in Trademark application fees and 80% rebate for Patent applications. As well as the patent application will be processed on a fast track basis.
Government Tenders
To apply for government tenders, the applicant must fulfill the criteria specified. It must be such as the requirement of minimum capital or turnover or experience, etc. But if the entity is a Startup then it can apply for specified tenders even it does not fulfill such requirements.
Fund of Funds
The government has set up an establishment called fund of funds which will help startups in availing funds.
Interconnection among startups
The government organizes the Startup fest where all the registered startups can interact with each other. They can exchange information and can create brand value.
Fast track Exit
The registered entity will be processed on a fast track basis for winding up within 90 days from the date of application.
Documents Required ForDipp registration
Increase credibility with more flexibility
Certificate of Incorporation or registration certificate
PAN card
MOA & AOA in case of company and Partnership deed for LLP & Partnership firm
List of all directors/members/partners along with their email id and photograph
URL link of a website and social profile of the entity.
URL link of social profile of directors/members/partners
Information related to IPR in the name of the entity If it has registered any IPR or it is in the process of registration
Information related to funds if the entity has availed any fund from investors
If the entity has received an award or certificate or recognition then such information needs to be provided
FAQ's
Take your business to the next level! Superior services!! Proven results!!
A trust is an arrangement between 3 parties; one is trustee who controls the property for the benefit of another person who is known as the beneficiary. The person who creates the trust will be known as settlor.
In case if it’s found that any certificate has been obtained on the basis of false information, the DPIIT board reserves the correct to revoke such certificate or approval.
The company or LLP or any other entity is ceased to be a startup after the expiry of 10 years from the date it is formed or if the turnover of the startup exceeds INR 100 crore.
Once online filing is done, the certificate would be issued by government online and applicant can download the same on the startup portal. Certificate can be printed and laminated by the entity on its own.