Startup India Registration

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What is Startup India Recognition?

The Startup India campaign, launched by the Government of India in 2015, aims to foster a robust ecosystem for innovation and encourage the startup culture in India. The initiative focuses on providing funding support, simplifying the registration process, and promoting partnerships between academia and industry. Since the launch of this scheme, India has emerged as the third-largest startup ecosystem globally, with an annual growth rate of 12% to 15%.

The scheme has also encouraged women entrepreneurship and inclusivity, with efforts to align domestic policies with global trends.

Startup India registration offers various benefits such as tax exemption for three years, reduced trademark registration fees, and patent registration.

Eligibility Criteria to Apply For Startup India Registration

The entity seeking Startup India registration must be registered as a private limited company, partnership firm, or limited liability partnership.
In any of the preceding financial years, the turnover of the startup should not exceed INR 100 Crores.
A company can be recognized as a startup for up to 10 years from the day of its registration.
To be eligible for startup India registration, the entity should focus on innovation and improvement of existing products, services, or processes, with the potential to generate employment and create wealth. However, an entity formed by splitting up or reconstruction of an existing business will not be considered a startup.

Who is Not Eligible For Startup India Registration?

A Sole Proprietorship Firm
A Firm which is older than 10 years.
A firm having turnover more than 100 crore
A firm which was founded according to the notary partnership agreement.

Benefits under DPIIT Startup India Initiative

Self-Certification

The implementation of self-certification aims to alleviate the regulatory burden on startups and enable them to concentrate on their core business activities.

Benefits:

The Startup India registration process has made it possible for startups to self-certify their compliance with six labor laws and three environmental laws through a simple online procedure.

Under the environmental laws, startups classified under the “white category” by the Central Pollution Control Board (CPCB) are authorized to self-certify their compliance, with random checks conducted as necessary.

As for the labor laws, startups will not be subjected to inspections for a period of five years, unless a credible complaint of violation in writing is received and verified.
Labour Laws:

The Payment of Gratuity Act, 1972
The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
The Employees’ State Insurance Act, 1948
The Contract Labour (Regulation and Abolition) Act, 1970
The Building and Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996
The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979

Environment Laws:

The Air (Prevention & Control of Pollution) Act, 1981
The Water (Prevention & Control of Pollution) Act, 1974
The Water (Prevention & Control of Pollution) Cess (Amendment) Act, 2003

Eligibility:

Startups recognized by DPIIT are those that were incorporated within the past 10 years.

Registration Process:

go to the Shram Suvidha Portal of the Ministry of Labour and Employment.
Create an account on the Shram Suvidha Portal, and then proceed to log in.
Once you have logged in successfully, select the “Is Any of your Establishment a Startup?” link.
Adhere to the provided guidelines.

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Documents required for Startup India Registration.

Certificate of Incorporation/Registration Certificate.
PAN Card of the entity.
Details of Directors or Partners.
Details of Authorised Representative.
The uniqueness of the product or revenue model.
Details about the company’s industry or sector, registered office address, and other relevant information.
Details about the company’s industry or sector, registered office address, and other relevant information.
A concise overview of the business, product, or service along with any notable features of innovation.