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A start-up is a new and fresh accepted
business, it is started usually in a small business, started by a single or a
group of persons. What converts it from other new businesses is that a start-up
recommends new services or products that are not being provided anywhere in the
same way. The keyword is the new technological innovation. The business either
improves and develops new services or products or redevelops present services
or products into something in better innovation.
Start-up Indiranagar
According to Start-up Business Consultants in IndiranagarStart-ups are being very established in
India. To innovate and develop the Indian economy and fascinated skilled
businessmen or entrepreneurs, the Indian Government, under the leadership of
the Prime minister, has promoted and started the Start-up India initiative to
promote and recognize start-ups.
Steps to Register
Your Start-up with Start-up India
Step 1:
Incorporate your Business
You should primarily incorporate your
business as a Partnership firm or a Limited Liability Partnership or a Private
Limited Company. You have to stick to every normal procedure for registration
of any kind of business like acquiring the Certificate of Incorporation or the
Partnership registration, PAN, and other necessary compliances.
Step 2: Register
with Start-up India
After that, the business should be
registered as a start-up firm. The complete procedure is easy and digitalized.
All you have to do is log on to the Start-up India website and fill up and
complete the form with details and records of your business. Next, put the
given OTP that was sent to your given mail and other details like, name and
stage of the start-up, start-up as the type of user, etc. After entering these
details, then the Start-up India profile is created.
In Start-up company registration in Indiranagaronce when your profile is created on the
website, start-ups can register for several accelerations, incubators, or
mentorship programs and many other challenges on the website along with getting
access to resources like Government Schemes, State Polices for Start-ups,
Learning and Development Program, and pro-bono services.
Step 3: Get DPIIT
Recognition
After that, the immediate next step
after creating the profile on the Start-up India Website is to make use of the
Department for Promotion of Industry and Internal Trade (DPIIT) Recognition.
This authorization assists the start-ups to make use of the benefits like
relaxation in public procurement norms, self-certification under labor and environment
laws, easy winding of company, access to high-quality intellectual property
services and resources, access to Fund of Funds, tax exemption for 3
consecutive years and tax exemption on investment above fair market value.
For acquiring DPIIT authorization,
select the ‘Get Recognised’ button if you are a new user. If you are already an
existing user, then select the ‘Dashboard button’ and then ‘DPIIT Recognition’.
Step 4:
Recognition Application
The ‘Recognition Application Detail’
page is displayed. On this page select the ‘View Details’ section under the
Registration Details section. Fill up the ‘Start-up Recognition Form’ and
select ‘Submit’.
Step 5: Documents
for Registration
Registration or the Incorporation
Certificate of your start-up
Details and Records of the Directors
Proof of concepts like pitch video or
deck or website link(in case of a validation scaling stage start-up or early
traction)
Trademark details or Patent (Optional)
PAN Number
Step 6:
Recognition Number
Yes done! On registering you will
instantly get an authorization number for your start-up firm. The certificate
of authorization will be given after the inspection of all your documents which
is usually done in 2 days after presenting the details online.
Start-up Registration
services provider in Indiranagaras you see, you should be careful while submitting your documents. If they
found the upcoming verification, it is found to be given that the necessary
documentation is not uploaded properly or the fake document are uploaded or the
forgery documents have been uploaded then you shall be responsible for a
penalty of 50% of your paid-up capital of the start-up with an at most fine of
Rs. 25,000.
Step 7: Other
Areas
Trademarks, Patents, or design
registration: If you require a patent for your innovation of technology or a
trademark for your business, you can comfortably approach any from the list of
facilitators that are given by the government. You will need to hold up only
the approved fees thus availing of an 80% reduction in fees.
Funding:One of the major key challenges that are
faced by most of the start-ups has been acquiring finance. Due to a lack of
security or existing cash flows, entrepreneurs fail to attract investors and
experience. The high-risk nature of start-ups, as a significant number of
percentage stop to take off, puts off many investors.
To provide the funding assistance, the
Government has made up a fund with an initial entity of INR 2,500 crore and a
total entity of INR 10,000 crore for 4 years (that is INR 2,500 crore per
year). The Fund is in the identity of Fund of Funds, which means that it will
not invest straight into start-ups, but may take part in the capital of SEBI
registered Venture Funds.
Self-Certification
Under Employment and Labour Laws:Start-ups can self-certify under labour laws and environmental laws so that
their consent costs are deducted. Self-certification is given to deduct
regulatory loads, therefore, permitting them to concentrate on their core
business. Start-ups are permitted to self-certify their consents under six
labor laws and three environment laws for a period of 3 to 5 years from the
date of business incorporation.
Units functioning under 36 white
category industries as issued on the website of the Central Pollution Control
Board do not need clearance under 3 environment-related Acts for 3 years.
Tax Exemption:Start-ups are free from income tax for 3
years. But to make use of these benefits, they must be authorized and certified
by the Inter-Ministerial Board (IMB). The Start-ups incorporated on or after
1st April 2016 can register for the income tax exemption.
Documents Which
Have Been Waived Off
Start-up India has converted the
procedure of registration since its inception. It has free from most of the
past requirements at present. Most of the documents which were required to be
filed in the past are waived off. The list of documents and the records that
are not essential to be organized at the period of the registration are-
Letter of Recommendations
Letter of funding
Sanction Letters
Udyog Aadhar
MSME Certificate
GST Certificate
How to Apply for STARTUP COMPANY
REGISTRATION in Indiranagar?
Do you want to get aSTARTUP COMPANY
REGISTRATIONinKarnataka? then we are here to help you, we are the top company incorporation
service provider in Bangalore. feel free to send your inquiry to
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