What Is Startup India ?

A startup India registration is an initiative run by the Indian government to promote the new business in India. The government of India provides various benefits to the concern who registered themselves in startup India initiative.

Now The Question Arise Who Can Registered Themselves In Startup India Initiative?

For Registration in Startup India there is specific type of business registrations which are as follow :

(1)Registered partnership firm

(2)Limited Liability Partnership

(3)A company registered in company act

Condition For Apply Startup India Initiative:

The condition required for startup India registration is:

(i) The entity should registered themselves with in 7 years from the date of incorporation (in case of bio-technical sector 10 years from the date of incorporation)

(ii)Turnover of the entity does not exceeds 25 crore.

(iii)Entity should not form by splitting or reconstruction of new entity.

Benefits Of Registration In Startup India Initiative:

Following are the benefits of startup India initiative:

(1) Tax Ememption: There would be tax exemptions for 3 years and also in capital gains.

(2) Easily Avilabilty Of Loan: Government of India has provided a fund of rupees 10,000 cr for funding of startup India initiative.

(3) Self Certification Of 9 Environmental And Labour Laws:

Startups may self-certify compliance in respect of following 6 Labour Laws:

(i)The Building and Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996

(ii)The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979

(iii)The Payment of Gratuity Act, 1972

(iv)The Contract Labour (Regulation and Abolition) Act, 1970

(v)The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

(vi)The Employees’ State Insurance Act, 1948

(4) Fess Concession In Case Of Filling Of Patents: Government of India provide fees exemptions in case of you want to filled patent application.

(5) Easy W0inding Up Procedure: There would be procedure for faster winding up of the company within 90 days.

Is There Any Government Fees Required For Start Up India Registration?

No there would be no government fees required for registration them-self in startup India.

Is There Any Physical Documents Submission Required?

No, there is no such conditions exist for physical submission of documents; the only thing required is uploading of prescribed documents.

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