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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.

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    Documents Required For Startup India

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    • Proof of Funding
    • Documents of Awards
    • Patent documents
    • Incorporation Certificate

     

     

    Procedure to get DPIIT Certificate

    The entity should follow the below-mentioned simple steps to get the DPIIT certificate of recognition.

    Incorporation of the Business

    As stated above, the entity must first incorporate the business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership (LLP).

    Get in touch with LEGASERV CONSULTANT t o register your company.

    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

    The applicant unit need to access the Start-up India Recognition portal for Register with Start-up India to get the DPIIT Certificate of Recognition for Startups.

    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 examination of the application and documents submitted.

    Once the ministry approves the application and provides the unique startup recognition number, the startup can be registered with tax benefits.

    Benefits for DPIIT Recognized Startups

    The startups can avail the following benefits after obtaining the DPIIT Certificate of Recognition for Startups:

    Self Certification

    After obtaining the DPIIT Certificate of Recognition for Startups, the entity will be allowed to self-certify compliance under 3 Environmental Laws and 6 Labour Laws.

    Start-Up Patent Application

    The DPIIT recognized startups are required to pay only 80% of the fees on Patents, trademark, copyrights and design, and the fast-tracking of a patent application will be available for startups.

    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

    According to the Insolvency and Bankruptcy Code, 2016, the company can be wound up within 90 days of applying for insolvency

    Funds of Funds

    The startups will be eligible for Rs.10000 crore funds of funds from the Alternative Investment Funds.

    Credit Guarantee fund

    The startups can avail Rs.2000 crore Credit Guarantee fund through the National Credit Guarantee Trust Company or SIDBI over 4 years

    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.

    Know more about the Startup Tax Exemption under Startup India Initiative

    Fees

    BASIC
    Rs 3,499 only
    • Startup certification with organised DSC

    faqs

    frequently asked question

    To register with Startup India, an entity must meet specific criteria.

    • Applicants must be Indian citizens aged 18 or older.
    • It is recommended that the date of incorporation of the company be at least ten years old.
    • The Company should have been incorporated as a Partnership Firm, Private Limited Company, or a Limited Liability Partnership (LLP)
    • A company’s annual turnover should not exceed Rs.100 crore in any financial year since incorporation.
    • The Company or Entity should have been formed initially by the promoters and not by splitting up or reconstructing an existing business.
    • The startup should have a plan for developing or improving a product, process, or service and have a scalable business model with a high potential for creating wealth & employment.
    • Companies working towards developing a new product or service can avail of benefits under the Startup-is India policy.

    Startup India is a vital government scheme launched on 16th January 2016 to provide financial assistance and mentorship to entrepreneurs. Additionally, it provides entrepreneurs with a platform for networking with industry experts, investors, and other stakeholders. The scheme also encourages research, development, and technology transfer in the country. This scheme helps create more jobs in the country and boost economic growth.

    The easy availability of financing is a critical issue for entrepreneurs looking to expand their Startups. Due to a lack of funding, many business concepts stay on the ground. To address this issue, the Indian government has established a few Schemes through which the government provides financial aid to entrepreneurs. Startups can use these funds for research and development, marketing, and other activities to help them grow their business.

    As One Person Company is a form of a company it can be recognized as a Startup.

    It requires around 7-10 working days , the government officers check all the information and the documents that are provided.

    For the period of 10 years from the date of incorporation up to the turnover the increases the limit of Rs.100 crore in any financial year.

    Once the registration is done you can connect to the other startups, the investors or the incubators on the startup India portal.

    After registering under this scheme the entity will be eligible to avail certain tax benefits, but one has to apply seperately on the portal to avail it.

    The companies are eligible to get recognized as DPIIT Department of Industrial policy and Promotion which gives access to tax benefits, easier compliances, IPR fast tracking and more.

    Private Limited Companies, Limited Liability Partnerships, Registered Partnership firms can obtain Startup recognition certificate.

    Department for Promotion of Industry and Internal Trade grants the startup recognition certificate based on certain conditions.

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