Overview About Startup India Registration certificate
Startup is a government initiative designed to empower and promote startups across India. The goal is to create an environment where these budding businesses can flourish, with the government offering a range of incentives and support. One crucial aspect of this program is the registration process, which allows startups to access the benefits and recognition that come with it.
Benefits of Startup India Registration Certificate-
- Startups shall be allowed to be self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online procedure.
- In the case of labour laws, no inspections will be conducted for a period of 5 years. Startups may be inspected only on receipt of credible and verifiable complaint of violation, filed in writing and approved by at least one level senior to the inspecting officer.
- In the case of environment laws, startups which fall under the ‘white category’ (as defined by the Central Pollution Control Board (CPCB)) would be able to self-certify compliance and only random checks would be carried out in such cases.
- 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
- The Payment of Gratuity Act, 1972
- The Contract Labour (Regulation and Abolition) Act, 1970
- The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
- The Employees’ State Insurance Act, 1948
- The Water (Prevention & Control of Pollution) Act, 1974
- The Water (Prevention & Control of Pollution) Cess (Amendment) Act, 2003
- The Air (Prevention & Control of Pollution) Act, 1981
Objective of Startup India Registration Certificate-
The main aim of securing a Startup India registration certificate is to tap into a host of benefits and support mechanisms provided by the Indian government to nurture and empower startups. This certificate signifies a startup’s eligibility within the Startup India program and serves several crucial objectives:
- Access to Government Support: Registering under this program opens the door to various government incentives, schemes, and support programs that are tailor-made for startups.
- Tax Advantages: Registered startups can take advantage of tax exemptions and deductions, including a three-year income tax holiday and capital gains tax exemption. These benefits alleviate the financial pressures during the early stages.
- Funding Opportunities: Startup India recognition can enhance a startup’s appeal to venture capitalists, angel investors, and other funding sources. Government and financial institutions may also extend funding support.
- Simplified Business Operations: With a registration certificate, startups find it simpler to comply with labour and environmental regulations. They also benefit from expedited patent examination, which is crucial for safeguarding intellectual property.
- Access to Incubators and Accelerators: The registration grants startups access to a network of government-recognized incubators and accelerators. These organizations provide mentorship, guidance, resources, and infrastructure to foster growth.
- Government Procurement Privileges: Startups receive preferential treatment in government procurement, making it easier to participate in government tenders and contracts, thereby opening up valuable business prospects.
- Intellectual Property Protection: Government incentives and support encourage startups to file patents and trademarks, safeguarding their innovative ideas and products.
- Enhanced Credibility and Visibility: Startup India registration boosts a startup’s credibility and visibility. It signals that the government acknowledges and supports the business, which can be appealing to customers, partners, and investors.
- Networking Opportunities: Registered startups can connect with peers, industry experts, and government officials through Startup India events, workshops, and networking platforms, facilitating fruitful collaborations.
- Exit Strategy: In cases where a startup faces challenges and needs to close down, the Startup India initiative provides a smoother and more efficient exit process, reducing the complexities associated with business closure.
Who can apply for startup India registration Certificate?
- The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
- Turnover should be less than INR 100 Crores in any of the previous financial years.
- An entity shall be considered as a startup up to 10 years from the date of its incorporation.
- The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconstruction of an existing business shall not be considered a “Startup”.
Documents required for Startup India registration certificate-
- Company formation certificate (Incorporation certificate/Form-16 LLP/ ROF certificate)
- Email id and mobile number of all Directors/partners.
- Logo of Startup
- Self-attested Aadhar card of Authorize Director/partner.
- Letter head of Company
- A write-up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation.
- Website (If available)
- Authorization letter
Format of Authorization Letter
Startup India Section
Department for Promotion of Industry and Internal Trade
Ministry of Commerce and Industry
Subject: Letter of Authorization
I/We hereby authorize NyalakXXXXX with designation Director holding Aadhaar 390818XXXXX (copy to be attached with this letter) to submit the application for Startup India recognition on behalf of the entity named CHICHA PRIVATE LIMITED having CIN No. U55209TG20xxxxxx with registered office atP.N, IN and PAN AAUCAXXX.
The abovementioned representative is also authorized to make declarations and to submit documents, wherever required, on behalf of the entity. These declarations and submissions are made towards the requirement of the startup recognition application.
I/We further confirm that the entity is liable for and bound by all acts of commission and omission by the authorized representative. All acts committed by the above authorized representative shall be treated as if these acts were committed by the entity.
The specimen signature of NyalakXXXXX the authorized representative, is attested below:
Signature of Authorized Representative
Signature of Director (in case of Private Ltd. Company) / Designated Partner (in case of LLP) / Registered Partner (in case of Partnership Firm)
Applicable if satisfying the following conditions:
- Turnover less than INR 100 Crores in any of the previous financial years
- Incorporated as a private limited company or registered as a partnership firm or a limited liability partnership
- Should be maximum 10 years in age after incorporation
- Startup should be working towards innovation / improvement of existing products, services and processes and should have the potential to generate employment / create wealth.
How to apply for Startup India Registration Certificate?
- Start Your Journey: Begin by visiting the Startup India portal (https://www.startupindia.gov.in/).
- Provide Information: During registration, you’ll need to share details about your business, such as its name, registration number, date of incorporation, and contact information.
- Document Submission: You’ll also need to upload specific documents, like a letter of recommendation from an incubator or industry association, if applicable.
- Recognition Number: After you’ve submitted all the required information and documents, you’ll receive a recognition number.
If you want to apply for startup India Registration Certificate, you may contact us on 08298057771
and also follow below video in the below video step by step process is given:-
FREQUENTLY ASKED QUESTIONS
- What exactly is Startup India registration?
Startup India registration is a way for startups in India to get official recognition and access a bunch of perks and support provided by the government to encourage innovation and entrepreneurship.
- Who can apply for Startup India registration?
If you’re running a startup as a Private Limited Company, LLP, or Registered Partnership Firm and meet certain conditions like being under 10 years old and having a turnover below INR 100 crore, you’re eligible to apply.
- What’s in it for me if I register my startup under Startup India?
The perks include tax breaks, funding possibilities, simplified business operations, access to startup hubs, priority in government contracts, help with safeguarding your intellectual property, increased visibility, and networking opportunities.
- How do I go about registering my startup under Startup India?
It’s quite simple. Visit the Startup India portal (https://www.startupindia.gov.in/), fill in your business details, and upload required documents. Once everything’s verified, you’ll get a recognition certificate.
- Do I have to pay a fee for Startup India registration?
Nope, there’s no registration fee. It’s free!
- What documents do I need to register?
Typically, you’ll need to provide basic business info like your company’s name, registration number, incorporation date, and contact details. You might also need a recommendation letter from an incubator or industry association.
- How long does it take to get that recognition certificate?
While processing times can vary, you’ll usually get your certificate in a few weeks after applying.
- Can startups from other countries register with Startup India?
Yes, foreign startups with a registered subsidiary or entity in India that meets the eligibility criteria can also register.
- Is it mandatory for all startups to register under Startup India?
No, it’s not compulsory, but it’s highly recommended since it opens doors to valuable benefits and support that can help your startup thrive.
- What do I need to do to stay compliant after registration?
– Registered startups should self-certify their compliance with specific labor and environmental laws. You’ll also need to provide periodic updates about your business and finances.
- Can I deregister my startup from Startup India if I want to? –
Yes, you can voluntarily exit the program by submitting an application for deregistration.
- What happens if my startup doesn’t meet the eligibility criteria in the future? –
If your startup no longer qualifies, you might lose some of the benefits tied to Startup India registration. So, it’s important to stay within the program’s requirements.