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Startup India Registration

The government has taken several important steps under this strategy to create a strong start-up environment and turn India into a country of job producers rather than job seekers. The Start-up India Scheme is managed by the Department of Industrial Policy and Promotion (DPIIT). Auriga Accounting will guide you in the process.

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Why Should I Use Auriga Accounting For Startup India Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Startup India Registration.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Startup India Registration

Why Should I Use Auriga Accounting For Startup India Registration?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Startup India Registration.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Startup India is registered

OVERVIEW

A startup is a newly established business or company that is typically in its early stages of operation. Startups are characterized by their innovative and disruptive nature, aiming to introduce new products, services, or business models to the market.

The Import Export Certificate is typically required for businesses involved in cross-border trade to ensure compliance with legal and regulatory requirements related to imports and exports. It helps track and regulate the movement of goods across international borders and enables customs authorities to monitor trade activities.

Characteristics

  • Innovation: Startups often focus on developing and introducing innovative ideas, technologies, or solutions. They aim to address a gap or solve a problem in the market through unique approaches.
  • Scalability: Startups generally have high growth potential and aim to scale rapidly. They seek to expand their customer base, market presence, and revenue streams in a relatively short period.
  • Limited Resources: Startups typically begin with limited financial resources, manpower, and infrastructure. They often rely on funding from investors, venture capitalists, or angel investors to fuel their growth and development.
  • Risk and Uncertainty: Startups operate in an environment of risk and uncertainty, as they venture into uncharted territories or disrupt existing industries. They face challenges such as market acceptance, competition, regulatory hurdles, and operational uncertainties.
  • Entrepreneurial Culture: Startups often foster an entrepreneurial culture that values creativity, agility, and a willingness to take calculated risks. They encourage experimentation, learning from failures, and a dynamic approach to problem-solving.
  • Potential for Disruption: Startups have the potential to disrupt established industries or traditional ways of doing business. By introducing innovative products, services, or business models, they can reshape markets and challenge existing players.
  • High Growth Mindset: Startups are focused on achieving rapid growth and capturing a significant market share. They aim to scale their operations, revenue, and customer base at an accelerated pace.
  • Technology Focus: Many startups are technology-driven and leverage advancements in technology to create innovative solutions or disrupt industries. This includes sectors such as software development, e-commerce, fintech, healthtech, and other technology-enabled industries.

ELIGIBILITY

As per the Companies Act, 2013, the following entities may be eligible to avail themselves of certain benefits and provisions applicable to startups

  • Private Limited Company: Under the Companies Act, 2013, a private limited company can be registered as a startup. A private limited company is a popular choice among startups due to its flexibility, limited liability protection, and ability to raise funds from investors.
  • Eligible Startups: To avail themselves of certain benefits, a company must meet the criteria defined by the Department for Promotion of Industry and Internal Trade (DPIIT) under its Startup India initiative. The criteria include

1)  The entity should be incorporated as a private limited company, partnership firm, limited liability partnership (LLP), or a registered LLP.

2) The business should be working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.

3) The company’s turnover should not have exceeded INR 100 crore in any of the previous financial years.

4) The entity should not be formed by splitting or reconstructing an existing business. The entity should obtain a certificate of eligibility from the Inter-Ministerial Board of Certification constituted by the DPIIT.

benefit's

  • Recognition and Credibility: A startup certificate provides official recognition of your business as a startup. It enhances your credibility among stakeholders, including investors, customers, partners, and government authorities. It signifies that your business has met certain eligibility criteria and is recognized as an innovative and promising venture.
  • Access to Startup Programs and Initiatives: Startup certificates often grant access to various government-supported programs, initiatives, and resources that are designed to support and foster the growth of startups. These may include funding opportunities, incubators, accelerators, mentoring programs, networking events, and training workshops.
  • Regulatory Benefits: Some startup certificates provide regulatory benefits and exemptions, reducing the compliance burden on startups. These may include relaxed filing requirements, simplified procedures for intellectual property protection, exemptions from certain labor or taxation regulations, and fast-track processing for licenses or permits.
  • Financial Incentives: Certain startup certificates offer financial incentives to support the growth and development of startups. These incentives may include grants, subsidies, tax breaks, low-interest loans, or access to investor networks.
  • Networking and Collaboration Opportunities: A startup certificate can facilitate networking and collaboration with other startups, industry experts, investors, and potential partners. This opens doors to valuable connections, partnerships, and opportunities for knowledge sharing and collaboration.
  • Branding and Marketing Benefits: Being a certified startup can enhance your brand image and attract attention from the media, industry influencers, and potential customers. It can serve as a marketing tool to differentiate your business and highlight your innovative and entrepreneurial spirit.
  • Investor Attraction: Startup certificates can help attract potential investors who are specifically interested in supporting startups. It demonstrates that your business has been vetted and recognized by the issuing authority, increasing investor confidence and potentially making it easier to secure funding.
  • International Opportunities: Some startup certificates offer access to international networks, partnerships, or markets. This can open up opportunities for global expansion, collaborations with international startups, participation in international events, and exposure to a wider customer base.

Documents Required

  • Business Registration Documents: These include the registration certificate or incorporation documents of the startup entity, such as the certificate of incorporation, partnership deed, or memorandum of association.

  • Identity Proof of Directors/Partners/Proprietors: The identity proof documents of the startup’s directors, partners, or proprietors are typically required. This may include copies of their passports, national identification cards, or other government-issued identification documents.

  • Address Proof: Documents establishing the registered office or business address of the startup, such as utility bills, lease agreement, or ownership documents, are usually required.

  • Business Plan: A comprehensive business plan outlining the startup’s vision, mission, objectives, market analysis, products or services, marketing strategies, and financial projections may be requested.

  • Financial Statements: Depending on the stage of the startup, financial statements such as balance sheets, profit and loss statements, and cash flow statements may be required. Startups in the early stages may need to provide projected financial statements instead.

  • Startup Declaration: Some countries may require a declaration or self-certification form, where the founders declare that their entity meets the criteria of a startup as per the government’s definition and policies.

  • Intellectual Property (IP) Details: Information about any registered or applied-for patents, trademarks, or copyrights associated with the startup’s products, technology, or branding may be requested.

  • Employment Details: Details of employees, such as the number of employees, their qualifications, and their roles within the startup, may be required.

  • Incorporation/Registration Fee: There may be fees associated with obtaining a startup certificate or availing benefits under government programs. The relevant fee payment may need to be made along with the application.

PROCESS

  • Determine Eligibility: Review the eligibility criteria and requirements for obtaining a startup certificate. Ensure that your business meets the necessary criteria, such as being within a certain age range, having an innovative business model, or meeting specific sector requirements.
  • Research Available Programs: Explore the various programs or initiatives that offer startup certificates. Identify the programs that align with your business goals, sector, and location.
  • Gather Required Documentation: Prepare the necessary documentation required for the application. This may include proof of business registration, business plan, financial statements, identification documents of the founders, and any other specific documents requested by the issuing authority.
  • Complete Application Form: Fill out the application form provided by the relevant authority or program. Provide accurate and detailed information about your business, its activities, future plans, and the impact you aim to achieve.
  • Submit the Application: Submit the completed application form along with the supporting documents through the designated application channel. This could be an online portal, email submission, or in-person submission, depending on the specific program.
  • Review and Evaluation: The application will be reviewed and evaluated by the relevant authority or program administrators. This may involve assessing the eligibility, innovation, viability, and potential impact of your business.
  • Approval and Issuance: If your application is approved, you will receive the startup certificate. The format and content of the certificate may vary depending on the issuing authority or program.

VALIDITY

  • Startup Certificate Validity: If a startup has obtained a specific startup certificate from a government or regulatory body, there may be an expiration date mentioned on the certificate itself. The startup’s eligibility for certain benefits or programs may be tied to the validity period mentioned on the certificate.
  • Program-Specific Validity: Some startup programs or initiatives may have a defined validity period during which the startup can avail themselves of the associated benefits. These programs often require startups to reapply or renew their participation after the expiration of the validity period.
  • Review and Assessment: In some cases, startups may undergo periodic reviews or assessments to evaluate their continued eligibility for startup benefits. This may involve assessing the startup’s growth, financial performance, market impact, or compliance with specific criteria.
  • Transition to Scale-up: As startups evolve and achieve significant growth or exceed certain thresholds, they may no longer be eligible for startup-specific benefits. Startups that have transitioned to a more mature phase or are classified as scale-ups may lose their startup validity and need to explore other opportunities or programs available for established businesses.

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MD SAHIL
MD SAHIL
2023-06-10
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2023-06-10
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2023-06-10
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2023-04-07
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Vishal Singh
2023-04-07
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Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
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Vivek Shakya
2023-04-07
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find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
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623 Anjali
2023-04-06
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Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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