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What is Startup India Registration? How to do that and Its Benefits

Benefits of Startup India Scheme

We are aware of the world’s current situation and how it is facing the pandemic COVID-19 situation. While facing this situation, the world is facing so much of economic loss.

So to overcome this loss, the prime minister of India, Mr. Narendra Modi, declare a scheme which is Atmanirbhar Bharat, which means that Indian’s should do Startup company Registration to become stable for the economy.

The registration of a startup company in India is very easy. However, it is advisable to contact startup India registration consultants as they know each and every step’s depth. They will also appropriately guide you on what is right and what is wrong according to the law or rules of the government.

In this article, we will see what startup India registration, how we can do it, and its benefits are. So without wasting time, let us dive into it.

What is a startup?

A startup is a recently settled business, typically little, begun by one or a gathering of people. What separates it from other news organizations is that a startup offers another item or administration that isn’t being given somewhere else similarly. The watchword is advancement. The business either builds up another item/administration or redevelops a current item/administration into something better.

How to register your startup with Startup India

Step 1: Incorporate your business.

The very first step is to join your business as a Private Limited Company or, a Partnership firm, or a Limited Liability Partnership. You need to follow all the standard practices to register any business with a certificate of Incorporation/Partnership registration, PAN, and other required compliances.

Stage 2: Register with Startup India 

At this point, the business must be registered as a startup. Also, the process of registration is straightforward and online. For the registration, you will need to go to the Startup India site (https://www.startupindia.gov.in) and fill the form accordingly. You will then need to enter OTP, which you will receive through email, and fill in all other business-related details. Once your profile is registered on the portal, you can take all the advantages of the Startup India scheme, such as the Learning and Development Program, Government Schemes, State Polices for Startups, and pro-bono services.

Stage 3: Get DPIIT Recognition 

The following step in making the Startup India Website profile is to profit Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This acknowledgment encourages the new companies to satisfy benefits like admittance to excellent protected innovation administrations and assets, unwinding in open obtainment standards, self-accreditation under work and climate laws, simple twisting of organization, admittance to Fund of Funds, charge exclusion for three straight years, and expense exception on speculation above honest evaluation.

For getting DPIIT Recognition, click on the ‘Get Recognized’ button in the event that you are another client. On the off chance that you are a current client, click on ‘Dashboard catch’ and afterward ‘DPIIT Recognition.’

Stage 4: Recognition Application

The ‘Acknowledgment Application Detail’ page opens. On this page, click on ‘View Details’ under the Registration Details area. Top of the ‘Startup Recognition Form’ and snap-on ‘Submit.’

Stage 5: Documents to be transferred for registration 

  • Fuse/Registration Certificate of your startup
  • Subtleties of the Directors
  • Evidence of ideas like try out deck/site interface/video.
  • Patent and brand name subtleties (Optional)
  • Container Number

Stage 6: Immediately get acknowledgment number 

That is it! On applying, you will quickly get an acknowledgment number for your startup. The testament of acknowledgment will be given after assessing every one of your reports, which is generally done in 2 days subsequent to presenting the subtleties on the web.

Notwithstanding, be cautious while transferring the archives. On the off chance that on resulting check, it is discovered to be acquired that the necessary record isn’t transferred/wrong library shared or a fashioned report has been assigned, then you will be obligated to a fine of half of your settled up capital of the startup with a base fine of Rs. 25,000.

Advantages OF STARTUP INDIA

→ Tax Exemption under 80IAC

→ Easy ending up of the organization

→ Startups can likewise meet with different new businesses through this stage.

→ Helps in getting Fund from speculators.

→ Can without much of a stretch apply for Government tenders.

→Startups will be permitted to act naturally to guarantee consistency for 6 Labor Laws and 3 Environmental Laws through a basic online strategy.

All the above mention are the benefits of Indian Startup Registration.

Final Word:

If you want to do Indian Startup Registration, then you will need to follow all the above steps for the registration purpose. However, it is advisable to contact startup India registration consultants for the same, and no is best than taxwink.com.

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