![\"Eligibility](\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/05\/startup-2188681__340.jpg\")
<\/figure>\n\n\n\n- A Registered Company\/LLP\/Partnership Firm<\/strong><\/li><\/ul>\n\n\n\n
The business must be registered under\nany of the following forms of business organization in India;<\/p>\n\n\n\n
a) <\/strong>As a Private Limited Company under the Companies Act, 2013 <\/p>\n\n\n\n
b)<\/strong> Registered as a Partnership Firm under the Indian Partnership Act, 1932 <\/p>\n\n\n\n
c)<\/strong> Registered as a Limited Liability Partnership under the Limited Liability Partnership Act, 2008.<\/p>\n\n\n\n
- Turnover Limit<\/strong><\/li><\/ul>\n\n\n\n
The turnover of the business must be\nless than 25 crores per year<\/p>\n\n\n\n
- Less than 5 years old<\/strong><\/li><\/ul>\n\n\n\n
The age of business from the date of\nregistration must not be of more than 5 years<\/p>\n\n\n\n
- Must be a New Business Entity<\/strong><\/li><\/ul>\n\n\n\n
The business must not be a result of split or restructure of an existing business<\/p>\n\n\n\n
- Innovation Friendly <\/strong><\/li><\/ul>\n\n\n\n
The startup must be involved in\ninnovation or development of new products, services or processes or\nsignificantly improving an existing one. Creation of wealth or employment is\nalso an eligibility criterion.<\/p>\n\n\n\n
- DIPP Certificate<\/strong><\/li><\/ul>\n\n\n\n
It is mandatory to obtain certification from the Inter-Ministerial Board as set up by DIPP (Department of Industrial Policy and Promotion). This document is needed to certify the innovative functioning of the business.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Benefits of Startup India Registration<\/h2>\n\n\n\n
![\"Benefits](\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/05\/Benefits-of-startup-India-Scheme.png\")
<\/figure><\/div>\n\n\n\n<\/p>\n\n\n\n
The government offers multiple benefits to startups under the umbrella of startup India programme. The following benefits are available under this Scheme<\/p>\n\n\n\n
1. Tax Benefits<\/h4>\n\n\n\n
Income Tax exemptions for three years<\/p>\n\n\n\n
2. Self Certification <\/h4>\n\n\n\n
Startups get the benefit of\nself-certification of compliance with nine labour laws & environment laws.<\/p>\n\n\n\n
3. Rebate in Patent Filing<\/h4>\n\n\n\n
Startups will be provided 80% rebate when they\nfile for patent application.<\/p>\n\n\n\n
4. Rebate in Trademark Filing<\/h4>\n\n\n\n
The government will provide a 50 %\nrebate on trademark filing to startups under this scheme.<\/p>\n\n\n\n
5. Business Opportunity<\/h4>\n\n\n\n
The platform provides support and recognition to new startups and made them able to compete with established business houses.<\/p>\n\n\n\n
Steps to the Startup India Registration Process<\/h2>\n\n\n\n
![\"Startup](\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/05\/Startup-India-Registartion-Process-e1556878938554.png\")
<\/figure><\/div>\n\n\n\nA Startup that aims to register under the Startup India Scheme needs to walk through the following steps;<\/p>\n\n\n\n
- Step 1- Business Incorporation Stage <\/strong><\/li><\/ul>\n\n\n\n
This step is for businesses that are\nnot yet incorporated or registered under the proprietorship form of business\norganisation.<\/p>\n\n\n\n
It is mandatory to register as a\nPrivate Limited Company or a Limited Liability Partnership or a Registered\nPartnership Firm.<\/p>\n\n\n\n
However, there is no extra registration step for the Startup India program while incorporating any of the above-discussed business forms.<\/p>\n\n\n\n
- Step 2- Initiate the Startup India Registration Process<\/strong><\/li><\/ul>\n\n\n\n
The process of registration in startup India is online. This process is executed on the website of Startup India<\/a> Scheme. <\/p>\n\n\n\n
The startup needs to fill a form\ncomprising questions related to business operations and future goals.<\/p>\n\n\n\n
Additionally, certain documents are required to be uploaded to complete the process.<\/p>\n\n\n\n
Documents required for the Startup India Registration Process<\/h2>\n\n\n\n
- A Letter of Recommendation<\/strong><\/li><\/ul>\n\n\n\n
A recommendation letter must be\nsubmitted along with the registration form.<\/p>\n\n\n\n
What constitutes a letter of recommendation for Startup India Program?<\/h3>\n\n\n\n
Any of the following will be accepted as a letter of recommendatio<\/strong><\/em>n<\/em><\/strong><\/p>\n\n\n\n
a. A letter from an incubator established at a post-graduate college in India<\/p>\n\n\n\n
b. A letter of funding of not less than 20 % in equity by any angel investor, incubation or angel fund, angel network duly registered with SEBI <\/p>\n\n\n\n
c. Letter of funding from government (Central or State)<\/p>\n\n\n\n
d. A patent filed and already published in the Indian Patent Office Journal<\/p>\n\n\n\n
- Certification of Incorporation or Registration<\/strong><\/li><\/ul>\n\n\n\n
Startups applying for this scheme need to upload the certification of incorporation or registration of their business.<\/p>\n\n\n\n
- Other Details About the Startup in Brief<\/strong><\/li><\/ul>\n\n\n\n
The startup needs to provide a brief description of business activities, i.e. product\/ services or both.<\/p>\n\n\n\n
The startup should give information to prove that the business is innovative. <\/p>\n\n\n\n
Such an entity must be solving a problem innovatively or making a significant improvement in pre-existing services or products.<\/p>\n\n\n\n
Conclusion <\/h3>\n\n\n\n
The startup India program is a vital\nstep taken by the government to support the startup ecosystem in India. <\/p>\n\n\n\n
The startup India registration process\nis also simple and rationale for entrepreneurs to execute.<\/p>\n\n\n\n
However, it is advised that one must ensure that they take Business Consultancy<\/a> from industry experts to avail the maximum benefit from the scheme.<\/p>\n\n\n\n
- Other Details About the Startup in Brief<\/strong><\/li><\/ul>\n\n\n\n
- Certification of Incorporation or Registration<\/strong><\/li><\/ul>\n\n\n\n
- A Letter of Recommendation<\/strong><\/li><\/ul>\n\n\n\n
- Step 2- Initiate the Startup India Registration Process<\/strong><\/li><\/ul>\n\n\n\n
- Step 1- Business Incorporation Stage <\/strong><\/li><\/ul>\n\n\n\n
- DIPP Certificate<\/strong><\/li><\/ul>\n\n\n\n
- Innovation Friendly <\/strong><\/li><\/ul>\n\n\n\n
- Must be a New Business Entity<\/strong><\/li><\/ul>\n\n\n\n
- Less than 5 years old<\/strong><\/li><\/ul>\n\n\n\n
- Turnover Limit<\/strong><\/li><\/ul>\n\n\n\n