Under the Startup India Scheme, various benefits and advantages have been given to startups so that entrepreneurs will be motivated or encouraged to start their own businesses in India. This scheme promoted startups that are scalable and have the quality to generate employment in India. The motive behind this scheme is to promote such kinds of startups that are beneficial for the Indian economy. The government has set some criteria for the startup to get benefits under this scheme. Only those startups which are fulfilling this criteria are eligible to get the benefits of the Startup India scheme. Also, all eligible startups need to get Startup India registration to get the benefits of the Startup India scheme.
Is it Mandatory to Get Startup India Registration?
Getting a startup India registration will come with many advantages and benefits, hence it is always suggested to the owner of the startup to get this registration. Startups which do not have this registration are not eligible to get the various benefits and advantages of the Startup India Scheme of the Indian government. Also, there are many government schemes that are particularly for businesses that are working as startups in India. To get the benefit of those schemes again, to get Startup India Registration is a must. Therefore, it is always suggested to obtain registration for startup so that whenever it is required, one can use it.
Who can take Startup India Registration?
Under the Startup India Scheme, there are three types of entities that can get Startup India registration. These entities must be original entities. Original entity here refers to the entities that are not forming or incorporated by the splitting of two companies, merger of two companies, amalgamation of two companies or joint venture of two companies. The types of entities that can get Startup India registration are given below:
- Private Limited Companies, which got registration under the Companies Act. Such entities need a minimum of two directors to be incorporated. The registration process for such kinds of entities is online. To get Private Limited Company Registration, one can go to the official website of the Ministry of Corporate Affairs and, with the help of the registrar of companies, can incorporate such a kind of entity.
- A Limited Liability Partnership Firm, commonly known as LLP, is the second type of entity that can take Startup India Registration. Just like Private Limited Companies, LLPs are also incorporated through the online procedure. LLPs are registered with the registrar of companies.
- The third type of entity is a partnership firm that must be registered as per the procedure given under the Indian Partnership Act.
How do you get Startup Registration Under the Startup India Scheme?
Follow the steps given below to get Startup India Registration under the Startup India Scheme of the government of India:
Complete Documentation
Startup registration is not possible without having the proper documents; hence, it is suggested to collect all the documents before starting the registration process. The list of such required documents to get Startup India Registration is given below:
- KYC documents of the directors or partners of the entity, which include Aadhaar card and PAN Card of the directors or partners of the entity
- One photograph of each director or partner of the entity is required
- Contact details and email id of all the directors or partners of the entity
- The incorporation certificate of the entity will be needed during the registration process
- Bank account details of all the directors or partners of the entity
- Business Address Proof of the entity
- PAN card or PAN card details of the entity
- Address proof of all the directors of the company or partners of the LLP and Partnership Firm
- MOA and AOA of the entity, if applicable
- DIN and DSC of the directors or partners of the entity will be required
- Shop and Establishment certificate of the entity
- GST Registration Certificate of the entity
- MSME registration of the entity
Complete Online Registration
To get Startup India Registration under the Startup India Scheme, follow the steps given below:
- Visit the Startup India official website or Portal
- Click on the register option given on the right side of the screen
- Now, create an account on the Startup India website and, after that, login by using the credentials you have created while creating an account.
- Now, fill in all the information regarding the startup as required, and in the end, select the interest of the startup and save the information.
DPIIT Recognition
To get DPIIT recognition for your startup, first, visit the official Startup India website and log in using your account details. Once you’re logged in, find the “recognition” option on the left side of the page and click on it. This will open a new page with various choices; select “Apply for DPIIT recognition.” Now, complete the startup recognition form by providing all the necessary information, and then submit the form. The department will carefully review your application, and if everything meets their requirements, they will issue your Startup India registration certificate. This certificate is a crucial step in gaining recognition and support for your startup.
Conclusion
To get Startup India Registration is essential if you wish to access the various benefits and advantages offered under the Startup India Scheme by the Indian government. This registration is available to three types of original entities: Private Limited Companies, Limited Liability Partnership (LLP) firms, and partnership firms registered under the Indian Partnership Act. One needs to apply through the official website of the startup and submit the application. The department will review your application, and upon approval, you will get your Startup India registration certificate. This certificate is crucial for accessing government support and incentives for your startup. Therefore, it is highly recommended for any startup looking to benefit from the Startup India Scheme and government initiatives tailored to support emerging businesses in India.
