Startup-India Registration - DPIIT
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The Department for Promotion of Industry and Internal Trade under the Startup India Scheme introduced the Startup India registration to promote innovation within businesses.
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Introduction
Startup-India Registration
Formerly known as DIPP registration, this scheme brings out that startups can leverage by registering their business as a DPIIT recognised startup. This scheme is envisioned at transforming India into a job-provider rather than a job seeker. Only an entity which is registered as a Private Limited Company or a Limited Liability Partnership (LLP) or a Registered Partnership Firm can opt for startup India Registration. All businesses opting to apply must be innovative, bringing an improvement in existing products or services, and capable of generating wealth and employment. These criteria are mandatory for DPIIT registration. If your PLC or LLP fulfills all these criteria, apply for Startup India Registration online today!
Why choose cognizant Advisors for DPIIT Startup Registration?
- A team of expert Lawyers, CAs and CS to guide you through each step;
- We understand your requirements first and then act;
- We don’t just fill the form, we also create the startup india login for you; and
- Lastly, we also resolve queries raised from the DPIIT portal
Benefits
Why Should You Register Startup-India Registration ?
Government Tenders
Registering an entity under the DIPP recognition scheme enable Startups to apply for Government tenders. One of the requirements of having minimum prior experience/turnover for filing the government tender by the companies is not applicable to the companies registered under the StartUp India scheme. Startups recognised under DIPP have been exempted from submitting Earnest Money Deposit (EMD) while filing government tenders.
Faster Exit
The startup entities registered under Ministry of Corporate Affairs (MCA) i.e A Private Limited Company and an LLP will be wound up on a fast track basis. Under the Insolvency and Bankruptcy Code,2016, Startups with simple debt structure or those meeting certain income specified criteria can be wound up within 90 days of filing an application for insolvency.
Interaction platform for Startups
Networking is an essential key for any entrepreneur to get recognition in the market and among other industry peers. After registering under the DIPP scheme, the startups get a platform to meet other startups, well-known speakers, investors etc. at various fests and summits organized by Government at a huge scale. Startups recognised under DIPP can register on Government e-Marketplace as a seller and sell their products and services directly to Government Entities.
Self Certification
Startups can self certify the compliance under 6 Labour Laws and 3 Environmental Laws for 5 years from the date of incorporation.
Process
Startup-India Registration In Easy Steps
Eligibility for DPIIT registration
FORMATION OF ENTITY
Your business entity should be registered as either one of these:
– Private Limited Company
– Limited Liability Partnership
– Registered Partnership Firm
TURNOVER
The turnover for your entity cannot exceed Rs. 100 crores in any previous years.
EXISTENCE
Your entity must be newly formed. It must not exist for a period of more than 10 years.
INNOVATION
Startup India Recognition Certificate is only given to those entities that are working towards an innovation or an improvement to an existing product or service.
Document Checklist
Documents Required for DPIIT Recognition
PAN Card
A Copy of PAN card of the entity
Social Link
URL of website & Mobile App of an entity (if any) and Social Profile’s (LinkedIn and/or twitter) of Directors, DP’s and members.
COI
Certificate of Incorporation from MCA/Registration Certificate from ROF
IPR Registration
If the entity has applied or registered any IPR then the Information related to such application or registration.
Constitutional documents
MOA & AOA in case of company and Partnership deed in case of LLP or Partnership Firm
Awards/Certificate
Information relating to any Awards/Certificate/ Recognition received by the entity.
