Start-up India is an initiative of Government of India started in January 2016 to encourage the budding ventures in India and give wings to innovative ideas of young India. Under start-up India scheme, certain eligible companies can make an application and can get recognised as a start-up in order to access a host of tax benefits, easier compliance, IPR fast tracking and many more.
The objective of start-up India scheme is to reduce the regulatory burden on start-ups thereby allowing them to focus on their core business activities and keep the compliance cost low.
Creation of Account
Filing Application
Issuance of Start-up Registration Certificate
Documents Required
Yes, One Person Company is considered as a private company for all purposes and are, thus, eligible to avail benefits under the Startup India initiative.
Only one mobile number of the authorized representative of the entity shall be provided at the time of registration which would be verified by sending an OTP on such mobile number.
Yes, if your startup gets recognised, you would receive a system generated verifiable certificate of recognition.
a. The entity should be a recognized Start-up
b. Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC
c. The Start-up should have been incorporated after 1st April, 2016
a. The entity should be a recognized Start-up
b. Aggregate amount of paid-up share capital and share premium of the start-up after the proposed issue of shares, if any, shall not exceed INR 25 crore