Startup India Scheme
Steps in Startup India Scheme Registration Eligibility Criteria for Obtaining the DPIIT Certificate of Recognition:
- Our professionals will contact you.
- Please provide the papers for verification.
- Apply for DPIIT status under the Startup India Scheme.
Official registration of OPC in India is lawful, according to Section 262 of the Companies Act of 2013. A single director and a single member representing the entire firm are required for one person company formation in India. There are extremely few of this form of organization.
Startup India Scheme
Submit only three papers to begin the process online right now. ”
Why Register for the ZPC Startup India Scheme?
Expert Advice
Startups are now free from income tax for three years from the date of formation if they are certified as such by the Inter-Ministerial Board of Certification. Furthermore, upon receiving recognition from the Department for Promotion of Industry and Internal Trade (DPIIT), and if the startup's aggregate paid-up share capital and share premium after the proposed issuing of shares, if any, does not exceed Rs. 25 crore, the startup will be exempt from capital gains tax under Section 56 of the Income-tax Act, 1961-2014.
Registration Advantages
Due to the stringent procedures, startup registration in India remains exceedingly complex, with incorporation and registration regarded more arduous than real business operation. It provides a platform to generate networking opportunities and help for entrepreneurs under the initiative. The government has set up a problem-solving hotline as part of the plan.
Financial Advantages
Startups receive an 80% refund on patent and 50% rebate on trademark IPR expenditures, and they are actively aided by government-provided facilitators who help with IPR protection and commercialization. The assessment and disposition of IPR applications are also expedited. The facilitators' fees will also be covered by the government.
Benefits of Funding
Certain states offer seed cash to firms that have been certified under the system. To learn about your state and the regulations in place.
The Advantages of the Startup India Scheme
The following are the advantages of the Startup India Scheme:
Income Tax Advantages
Startups are now free from income tax for three years from the date of formation if they are certified as such by the Inter-Ministerial Board of Certification. Furthermore, upon receiving recognition from the Department for Promotion of Industry and Internal Trade (DPIIT), and if the startup's aggregate paid-up share capital and share premium after the proposed issuing of shares, if any, does not exceed Rs. 25 crore, the startup will be exempt from capital gains tax under Section 56 of the Income-tax Act, 1961-2014.
Financial Advantages
Startups receive an 80% refund on patent and 50% rebate on trademark IPR expenditures, and they are actively aided by government-provided facilitators who help with IPR protection and commercialization. The assessment and disposition of IPR applications are also expedited. The facilitators' fees will also be covered by the government.
Registration Advantages
Due to the stringent procedures, startup registration in India remains exceedingly complex, with incorporation and registration regarded more arduous than real business operation. It provides a platform to generate networking opportunities and help for entrepreneurs under the initiative. The government has set up a problem-solving hotline as part of the plan.
Benefits of Funding
Certain states offer seed cash to firms that have been certified under the system. To learn about your state and the regulations in place.
Startup India Program
Regulatory Advantages
"Through a simple online method, companies may self-certify compliance with six labor regulations and three environmental laws under this plan. In the case of labor laws, no inspections will be done for a period of five years unless a credible and verifiable complaint of violation is presented in writing and authorized by an official at least one level senior to the inspecting officer. In the context of environmental rules, startups that fit into the 'white category' (as defined by the central pollution control board) would be permitted to self-certify compliance, with only random checks performed in such circumstances."
Advantages of Public Procurement
You can get listed as a seller on the Government of India's e-procurement portal - Government e-Marketplace - and have the inside track on all Government of India Ministries/Departments/Public Sector undertakings once your startup is certified by the Inter-Ministerial Board of Certification and a DIPP (Department of Industrial Policy and Promotion) number is issued to you. Certified companies under the Startup India initiative will also be eligible for exemptions from the earnest money deposit in your bid, as well as the requirements for past turnover and experience.
Advantages of a Quicker Exit
The government has implemented rules to make winding down operations simpler by appointing an insolvency expert to expedite the closure of activities, ease the sale of products, and pay creditors, all while recognizing minimal culpability. Startups with a basic debt structure or those that match the conditions mentioned in this program will be able to complete their departure within 90 days.