Only Private Limited Company, OPC, LLP or Registered Partnership Firm registered in India is eligible to apply for Startup Recognition (DPIIT Startup Certificate) subject to Fullfilment of below conditions
Important Points to Note here -
An entity shall cease to be a Startup,
Who are not Eligible ?
1. Proprietorship Firm, 2) Unregistered Partnership Firm, 3) Limited Company, 3) Any Non Profit organisation viz. NGO, Association etc. 4) Any other Organisation whose nature of formation not covered under eligibility as cited above.
BASIC REQUIREMENTS FOR APPLICATION FILING
Our Consultation Fee Rs. 15,000/- + 18% GST
RECOGNITION IN 2-3 Working days
MORE DETAILS CLICK HERE:- https://www.fintaxx.in/service/registration/startup-india-dipp-certificate
Tender Participation
In many Tenders, Govt. and PSU gives relaxation for Startups to Participation in public procurement job through tenders. Relaxation in Prior experience, EMD or Turnover criteria
Tax Exemption
Once your company get Startup recognition, you can further apply for Income Tax Exemption benefits available u/s 80IAC and U/s 56 relief for Angel Tax relief (Tax on Share Premium).
Govt. Funding Opportunity
Government allotted Rs 10,000 crores funds for investment into startups through Alternate Investment Funds. SIDBI is managing this fund. Startups can apply under this quota.
Participate in various Govt. Scheme
Government issues day to day various schemes for startup to participate. For example, sustainable finance scheme, bank credit facilitation, raw material assistance, etc.
Participate Startup Grand Challenges
Many reputed companies encourage startup entrepreneurs for their solutions. Here gives an opportunity for startup to participate in the scheme and win funding. Recently, Whatsapp, Mahindra, Aditya Birla, many more companies organising such financial assistance scheme with Startup India.
IPR Govt. Fee Concession
In IPR Registration 50%-80% Govt. fee concession available. Example in Trademark, Patent application.
Self Certifications
Eligible for Self-certification and compliance under 9 environmental & labour laws.
Easy Winding up
Windup company in 90 days under insolvency & Bankruptcy code 2016.
Connect Networks
Search and find various startups and connect with them. Get Mentorship, connect with investors and industries.
GEM Portal Seller Registration and Bid
Startup India (DIPP) require for registration at GEM Portal of govt. https://gem.gov.in/
WHETHER Contractor of Civil construction and Engineering works, Manpower Supply, Facility Management, etc. is eligible to Apply for Startup?
- YES provided it is a Private Limited Company, LLP, OPC or Registered Partnership Firm and Fullfil other aforesaid requirements.
Is Tax Exemption is attached by default with all Startup Recognition?
No. As per recent notification dt 11.04.2018, to claim Tax benefit/Exemption under income tax act, you need to apply separately after getting your startup recognised.
Is Foreign company registered in India eligible for Startup India Registration?
Yes. Provided the Company incorporated in India and fulfil all Specified criteria to become eligible for registration.