DIPP Startup Registration (1) - PowerPoint PPT Presentation

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DIPP Startup Registration (1)

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Know the complete registration process, documents required, getting patents registered and availing government scheme benefits under Startup India. – PowerPoint PPT presentation

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Title: DIPP Startup Registration (1)


1
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2
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    etc.

3
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.

4
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.

5
  • 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.

6
  • 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.

7
  • 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.

8
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.

9
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/-

10
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).

11
The Requirement of Government Recognition for
Your Startup Registration
  • Startup India brings benefits for your startup
    from the government.

12
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.

13
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