To promote startups in India, in 2016, the government launched a scheme called the Startup India scheme. To take the benefit or advantage of this scheme it is mandatory to take startup India Registration. Startup India registration is an online procedure that needs to be done by all the startups who want to take benefit of this Startup India Scheme of the government. One of the very important things regarding this registration is the documents required for Startup India registration.
One must collect all the documents required for startup India registration before starting the registration process because without completing the documents, one cannot get registration under this scheme. And without registration, one will not get the various benefits or advantages of this scheme. Hence, it is necessary to get Startup India registration for all the startups.
What are Startups?
Under the Startup India scheme of the government of India, only those will be considered as startups who will fulfil the following eligibility criteria:
Company’s Age and Type
To be eligible to get the benefits or advantages of the Startup India scheme, the entity must not be older than ten years. Its period of existence and operation must not be more than ten years when counted from the date of incorporation of the entity. Also, the entity must be either a private limited company, a registered partnership firm or an LLP that is also known as a limited liability partnership firm. It must not be beyond these three types of entities.
Turnover of the Company
Whether it is a Private Limited Company, a registered partnership firm or an LLP that is a Limited Liability Partnership Firm, its turnover must not be more than Rs. 100 crores in any preceding financial year since its incorporation date. Turnover includes the total revenue of the company. It is inclusive of both the profit and loss of the company. When deciding whether an entity will get the benefits under the Startup India Scheme or not, the turnover of the entity plays a very important role.
Originality and Innovativeness of the Company
To get the benefit or advantage of the Startup India scheme, an entity must be an original entity. It must not be the result of the splitting of two companies, merger of two companies, amalgamation of two companies, joint venture of two companies, etc. Also, it is necessary that the company must be a scalable business. Its products, processes, services, or goods must be innovative and have the capacity to create wealth and employment in the Indian market.
What Documents Required for Startup India Registration?
While registering any startup under the Startup India registration scheme, documents play a very important role. If the proper documents are not there, then one cannot get Startup India registration. Therefore, it is necessary to collect all the documents required for Startup India registration before starting the registration process. It will help the applicant while completing the registration process. Documents are different for different types of entities. The list of the documents required for Startup India registration is given below:
Documents Required for Private Limited Company
Given below is the list of documents required for startup India registration for the startups that are working as Private Limited Companies:
- KYC documents of the directors of the company, which include Aadhaar card and PAN Card of the directors of the company
- One photograph of each director of the company is required
- Contact details and email id of all the directors of the company
- The incorporation certificate of the company will be needed during registration
- Bank account details of all the directors of the company
- Business Address Proof of the company
- PAN card or PAN card details of the company
- Address proof of all the directors who are part of the company
- MOA and AOA of the company will be required
- DIN and DSC will be required
- Shop and Establishment certificate of the company
- GST Registration Certificate of the company
- MSME or Udyam registration of the company
Documents Required for Partnership Firm
Given below is the list of documents required for startup India registration for the startups working as a Partnership Firm:
- KYC documents of all the partners of the partnership firm, which include Aadhaar card and PAN Card of the partners of the partnership firm
- One photograph of each partner of the partnership firm
- Contact details and email id of all the partners of the partnership firm
- The incorporation certificate of the partnership firm will be needed during registration
- Bank account details of all the partners of the partnership firm
- Business Address Proof of the partnership firm registered under the Indian Partnership Act
- PAN card or PAN card details of the partnership firm
- Address proof of all the partners of the partnership firm
- The partnership deed of the partnership firm
- Shop and Establishment certificate of the company
- GST Registration Certificate of the company
- MSME or Udyam registration of the company
Documents Required for LLP
Given below is the list of documents required for startup India registration for the startups working as a Limited Liability Partnership Firm:
- KYC documents of all the partners of the Limited Liability Partnership Firm, which include Aadhaar card and PAN Card of the partners of the Limited Liability Partnership Firm
- One photograph of each partner of the Limited Liability Partnership Firm
- Contact details and email id of all the partners of the Limited Liability Partnership Firm
- The incorporation certificate of the LLP, also known as a Limited Liability Partnership Firm will be needed during the registration
- Bank account details of all the partners of the Limited Liability Partnership Firm
- Business Address Proof of the Limited Liability Partnership Firm
- PAN card or PAN card details of the Limited Liability Partnership Firm
- Address proof of all the partners of the Limited Liability Partnership Firm
- Shop and Establishment certificate of the company
- GST Registration Certificate of the company
- MSME or Udyam registration of the company
Benefits of Startup India Registration
Startups are always suggested to get Startup India registration because of the various benefits the Startup India scheme offers after this registration. Benefits and advantages include the following:
- Self-certification of six labour law compliances
- Self-certification of three environmental law compliances,
- Tax exemption will be provided under Section 80IAC of the Income Tax Act 1961
- Tax exemption will be provided under section 56 of the Income Tax Act 1961
- Easy wind-up process under the Insolvency and Bankruptcy Code that came in 2016
- Opportunity to be listed on the E-Marketplace of the government
- EMD exemptions
- 80% rebate in filing of patent
- Government facilitation while getting intellectual property rights protection
- Fast-tracking of patent applications
- Easy loan facility has been provided to such startups
Conclusion
The Startup India scheme is a significant initiative to promote and support startups in the country. To be eligible for the benefits offered under this scheme, startups must meet specific criteria related to their age, turnover, and innovativeness. However, a crucial step in accessing these advantages is the Startup India registration and the documents required for Startup India registration .
Registering under Startup India brings several benefits, including simplified compliance with labour and environmental laws, tax exemptions, a streamlined wind-up process, access to government e-marketplaces, patent filing rebates, and government support for intellectual property rights protection. Doing this registration is highly recommended, as it opens doors to valuable benefits and opportunities that can significantly boost a startup’s growth and success. Moreover, many government schemes are exclusively designed for registered startups, making it a practical and strategic choice for any aspiring entrepreneur in India.
