Start-up India scheme is implemented by the Department of Industrial Policy & Promotions (DIPP), Government of India. It aims at nurturing the ecosystem for start-ups.
Eligibility/Requirements for Start-up registration
1. It must be a Private Limited Company / LLP / Registered Partnership firm.
2. The turnover should be less than Rs.100 crores in any of the previous financial years.
3. The business is working towards innovation, development, or improvement projects and should be the potential to generate employment / create wealth.
However, an entity formed by splitting up or reconstruction of an existing business shall not be considered a Startup.
4. The business will be recognized as Start-up is for a period of 10 years from the date of its incorporation/ registration.
Document required for Start-up Registration
1. Certificate of Incorporation/ Registration
2. PAN Card
3. Company Details
4. Directors /Partners Details
5. Details of Authorised Representative
6. Revenue model and Uniqueness of the Product
7. A Brief about business and products/services and notes on innovations
8. Proof of concept like Website link / Pitch Deck / Video ( anyone )
9. Patent & Trademark details (if any)
Benefits of recognized start-up
· SIDBI Funds.
· Tax exemption.
· Easy winding up of the company.
· Government funding opportunity & participation in various Govt. schemes.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram
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