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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 Leagel Edge Advice Care.Com to 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.

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.

Provide the following details in the Start-up Recognition application :

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.

Why Choose Leagel Edge Advice Care ?

Leagel Edge Advice Care is a trusted partner for entrepreneurs and startups seeking recognition and registration under the Startup India initiative. With our expertise and in-depth knowledge of the regulatory landscape, Leagel Edge Advice Care simplifies the complex process of obtaining startup India recognition. We offer comprehensive services that include preparing the necessary documentation, guiding you through the eligibility criteria, and ensuring compliance with all the requirements set forth by the Department for Promotion of Industry and Internal Trade (DPIIT).

By choosing Leagel Edge Advice Care, startups can navigate the bureaucratic hurdles seamlessly, allowing them to focus on their core business activities while reaping the benefits and incentives offered under the Startup India program.

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Incorporation

Proprietorship vs Limited Liability Partnership (LLP) vs Company

Features	Proprietorship	Partnership	LLP	Company
Definition	Unregistered type of business entity managed by one single person	A formal agreement between two or more parties to manage and operate a business	A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company.	Registered type of entity with limited liability to the owners and shareholders
Ownership	Sole Ownership	Min 2 Partners Max 50 Partners	Designated Partners	Min 2 Directors Min 2 Shareholders Max 15 Directors Max 200 Shareholders For One Person Company 1 Director 1 Nominee Director
Registration Time	7-9 working days
Promoter Liability	Unlimited Liability		Limited Liability
Documentation	MSME GST Registration	Partnership Deed	LLP Deed Incorporation Certificate	MOA AOA 1 Incorporation Certificate
Governance	-	Under Partnership Act	LLP Act, 2008	Under Companies Act,2013
Transferability	Non Transferable	Transferable if registered under ROF	Transferable
Compliance Requirements	Income tax filing if turnover is more than Rs.2.5 lakhs	ITR 5	Form 11 Form 8 ITR	ITR 6 MCA filing Auditor'sappointment Know More

Startup India FAQ's

Who is eligible for Startup India?

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.

Is Startup India a scheme?

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.

Does the government give funds to startups?

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.

Can a One Person Company get Startup India Recognition?

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

How many days are required to obtain the Startup India Recognition Certificate?

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

For how many years an entity get the recognition of startup?

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.

How to connect with other startups and investors after getting the Startup recognition?

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

Can the tax benefits availed as soon as the certificate is obtained?

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.

What is Startup India recognition?

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.

Who can get Startup India Registration?

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

Related Business Registrations

In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

FSSAI Registration