The goal of the Indian government's StartupIndia project is to create a robust environment that will support innovation and startups in the nation, promoting long-term economic growth and creating a significant number of job opportunities. With this initiative, the government wants to help the companies grow.
Here is a summary of the Startup India Movement's goals. Along with supporting entrepreneurs, the plan calls for better facilities like incubators, easier ways to facilitate intellectual property rights like simpler patent applications, easier tax benefits, better firm setup, and access to a large networking database for business man and other stakeholders in the startup ecosystem.
Start-up India scheme is a program encouraged by the government and authorized by the Department for Industrial Policy and Promotion (DPIIT) with a motive for reshaping and enhancing growth for Young entrepreneurs. An innovative approach towards gaining employment generation, Finance Management, and corporate infrastructure to transform the system. It encourages manufacturing, trade, and services to go vocal for locals in implementing Make in India. The Government of India is making sincere efforts to promote start-ups as India becomes the start-up capital of the world. The Start-up scheme intends to accelerate the ease of initiating business proposals in India to create an exponential network of support for budding ventures. As per the Start-up India Action Plan, 1,60,000 new start-ups will get developed in India. Under this policy, the Union Cabinet has approved the funding of Rs 10,000 crore for promoting innovation throughout the funding process.
Patron Accounting is a reliable partner for business owners and startups looking to get acknowledged and registered under the Startup India programme.With our experience and thorough understanding of the regulatory environment, Patron Accounting makes the difficult process of receiving startup India recognition easier. Our all-inclusive services encompass drafting the required paperwork, helping you navigate the qualifying standards, and guaranteeing adherence to all the directives issued by the Department for Promotion of Industry and Internal Trade (DPIIT).
By choosing us, startups can take advantage of the perks and incentives provided by the Startup India programme while focusing on their core business operations
After receiving the DPIIT Certificate of Recognition for Startups, the organisation will have the ability to attest to its compliance with three environmental laws and six labour laws on its own.
Startups will have the option to expedite the processing of their patent applications, and DPIIT recognised startups will only be required to pay 80% of the fees associated with patents, trademarks, copyrights, and designs.
Startups that have received DPIIT recognition can now list their products on the Government e-Marketplace and take advantage of streamlined public procurement regulations. These startups also receive respite from past experience/turnover requirements when interacting with ministries and divisions of the Central Government, as well as exemptions from filing Earnest Money Deposits. This more efficient method that enables startups to contribute and participate more in government programmes.
The Insolvency and Bankruptcy Code of 2016 states that a company may be wound up ninety days after filing for bankruptcy.
To receive the DPIIT Certificate of Recognition, the startup needs to fulfil the following qualifying requirements:
Duration of Entity: The company's operations and existence should not go beyond ten years from the date of creation.
Kind of Entity: For a business that is incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Registered Partnership Firm, the DPIIT Certificate of Recognition is given.
Annual Exchange Rate: The company must have had an annual turnover of Rs. 100 crores for any fiscal year since its formation in order to receive the DPIIT Certificate of Recognition.
The first entity: The company should not have been incorporated by dividing up or recreating an already existing entity in order to be eligible for the DPIIT Certificate of Recognition.
Innovative and Scalable Entity: The organisation should be focused on creating or enhancing a process, product, or service.
The business must first be incorporated as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP). Contact Patron Accounting to initiate the registration process of your business.
For the business to receive the DPIIT certificate of recognition, it must register with the Startup India Scheme.
To seek Start-up Registration and obtain the DPIIT Certificate of Recognition for Startups, the applicant unit is required to visit the Start-up India registration portal and complete the process with Start-up registration in India.
In the Start-up Registration application, detailed information is required to be provided in multiple areas. In addition to essential information like the Company Incorporation Number and Registration Date, this also includes details about the entity's type, industry, sector, and categories. The complete address of the entity must also be mentioned, as well as specifics regarding the authorised representative and any participating directors or partners. The application necessitates the submission of any intellectual property rights that the entity may possess, information regarding the funds obtained, and any previous recognition that the business has received. In order to pursue Start-up Recognition, this extensive documentation guarantees a full assessment of the entity's structure, leadership, intellectual property assets, financial backing, and prior acknowledgments.
Following review of the application and supporting materials, the DPIIT Certificate of Registration for Startups will be granted. Once the ministry approves the application and assigns the unique number, the startup becomes eligible for registration with tax benefits.
Registration under this scheme is completely free from any charges, an applicant needs to be aware of the proceedings and related documentation. Contact us Now.
There is no specific time, Officials will check an application thoroughly, and only if it achieves all the respective criteria, an applicant will receive a certificate of recognition. Generally it took 10-15 business days.
An Applicant needs to get a certificate from DIPP and register on the Start-up India website, only a start-up with a recognition certificate from DIPP can avail benefits of the start-up India scheme
You only need to fill a form on our website at www.patronaccounting.com and further processes and steps will be communicated to you by our experts.
New start-ups can immediately apply under this scheme once they have the required documents. Only start-ups registered for more than 10 years cannot apply.
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Registration under this scheme is completely free from any charges, an applicant needs to be aware of the proceedings and related documentation. Contact us Now.
There is no specific time, Officials will check an application thoroughly, and only if it achieves all the respective criteria, an applicant will receive a certificate of recognition. Generally it took 10-15 business days.
An Applicant needs to get a certificate from DIPP and register on the Start-up India website, only a start-up with a recognition certificate from DIPP can avail benefits of the start-up India scheme
You only need to fill a form on our website at www.patronaccounting.com and further processes and steps will be communicated to you by our experts.
New start-ups can immediately apply under this scheme once they have the required documents. Only start-ups registered for more than 10 years cannot apply.
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