DIPP Startup Registration (1)

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How to Register your Startup In India in 2020?

• Startups are small companies that are currently
  just starting their operations and almost always
  without a rigid structure or operation
  methodology.
• This business either develops a fresh new product
  or service or redevelops an existing product or a
  service into something better. Generally, startup
  registration is the first step towards beginning
  your Startup in India.

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How to register your startup with Startup India

• Step 1 Incorporate your business
• First incorporate your business as a Private
  Limited Company or a Partnership firm or a
  Limited Liability Partnership
• Moreover, the usual company registration
  processes are followed. In this case, obtaining
  the certificate of Incorporation or Partnership
  Registration, Permanent Account Number PAN, and
  other essential compliances.

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• Step 2 Register with Startup
  India
• Then the business must be registered as a
  startup.
• The entire process is simple and online.
• To begin with, simply log on to the 
• Startup India website and fill-up the form with
• details of your business and upload the required
• documents.

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• Step 3 Upload Documents (in PDF format only)
• a) Recommendation or Support Letter
• Innovative Business Recommendation Letter 
• Innovative Business Support Letter
• A letter of recommendation, from an incubator
  established in Post-graduate college/institute.
• Funding Letter with not less than 20 Stake in
  Equity by any incubation Fund or Angel Fund or
  Private Fund or Accelerator or Angel Network,
  duly registered with SEBI who promotes innovative
  businesses.
• e. Funding Letter by Government of India or any
  State Government as a part of a directed scheme
  promoting innovation, or
• f. A patent filed and published in the Indian
  Patent Offices Journal in areas affiliated with
  the nature of the business to be promoted.

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• b) Certificate of Incorporation or Registration
• You need to upload the certificate of
  incorporation of your company/LLP (Registration
  Certificate in case of partnership)
• c) Description of your business in brief
• A description of the innovative nature of your
  Products or Services.
• Step 4 Would you like to avail tax benefits
• Startups are exempted from income tax for 3
  years. In order to avail these benefits, they
  have to be certified by the Inter-Ministerial
  Board (IMB).
• Start-ups recognized by DIPP, Govt. of India can
  now directly avail IPR related benefits without
  requiring any additional certification from IMB.

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Step 5 Self-certify your compliance with the
following

• You must register your new company as a Private
  Limited Company, Partnership firm or a Limited
  Liability Partnership.
• b) Your business must be incorporated/registered
  in India, not before 5 years.
• c. The turnover must be Less than 25 Crore every
  year.
• d. The business must work for innovating
  something or simply improving existing
  technology.
• e. The business should not be a consequence of
  splitting up or reconstruction of an existing
  business.

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Step 6 Avail Recognition Number

• Once applied you will instantly receive the
  Recognition Number for your startup. The
  certification of recognition is issued once all
  your documents are verified.
• Upload documents very cautiously. During
  verification, if the required documents are not
  uploaded, wrong or forged it may result in a fine
  of 50 of your paid-up capital with a minimum
  fine of Rs. 25,000/-

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Step 7 Other Elements of Startup Registration in
India

• a) Patents, trademarks or design registration
• If you need a patent for your innovation or a
  trademark for, then you can easily approach any
  from the list of facilitators issued by the
  government. By only paying the Statutory Fees you
  can get a reduction of 80 in fees for Patent
  Registration.
• b) Funding
• One of the key challenges faced by many startups
  has been accessing to finance.  Due to Lack of
  experience, security or existing cash flows many
  stop entrepreneurs from attracting investors.
  Similarly, the high-risk nature of startups keeps
  investors away from them.
• For proper funding support, the Government has
  created a fund with an initial corpus of INR
  2,500 crore and a total corpus of INR 10,000
  crore for a time frame of 4 years (i.e. INR 2,500
  crore per year).

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The Requirement of Government Recognition for
Your Startup Registration

• Startup India brings benefits for your startup
  from the government.

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Key elements of the Fund of Funds

• The professional from Industry bodies, academia
  and successful startups will manage the Funds of
  Funds under a Board.
• Life Insurance Corporation (LIC) should co-invest
  in the Fund of Funds
• The Fund of Funds must contribute a maximum of
  50 of the SEBI registered Venture Funds
  (Daughter Fund). To get the contribution, the
  daughter fund must have already raised the
  balance of 50. Based on the contribution made
  the Fund of Funds must have representatives on
  the board of the venture fund.
• The Fund shall ensure assistance to a broad mix
  of sectors such as manufacturing, agriculture,
  health, education, etc.

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