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Know More About STARTUP INDIA REGISTRATION
Introduction and Its Compliance
Startup India Registration is a programme by the Government of India, launched by Department for Promotion of Industry and Internal Trade (DPIIT). It provides government recognition to eligible startups and access to tax and other benefits, including alternatives to certain labour and tax laws. Lawfinity makes it easier for startups and innovators to apply for and get registered with the DPIIT by addressing all the compliance related work such as company incorporation, the innovation criteria and the documentation for recognition of startup.
Why It Is Needed
Startup India Registration is necessary for new companies in India to get recognised as startups under the Indian government. It makes it easier to access special privileges such as tax breaks, access to funding, self-certification under labour and environment laws and access to government tenders. Lawfinity helps startups get the acclamation they need to get the ball rolling and establish footing.
Benefits and Advantages
- Tax Exemption for 3 Years Recognized startups can avail income tax exemption for 3 consecutive financial years under Section 80-IAC of the Income Tax Act.
- Access to Government Tenders and Schemes Startups are given preference in government procurement and are exempted from criteria like prior experience or turnover.
- Easier IPR Filing and Cost Benefits Fast-track and discounted trademark, patent and design registration support is provided through government-approved facilitators.
- Self-Certification in Labour and Environmental Laws Startups can self-certify compliance under 6 labour and 3 environmental laws, reducing inspection burdens.
- Access to Government Funding (Fund of Funds) Eligible startups can receive equity funding through government-supported venture capital under SIDBI’s Fund of Funds initiative.
Eligibility Criteria
To register under Startup India, a business must:
- Be incorporated as a Private Limited Company, LLP or Partnership Firm
- Have been in existence for not more than 10 years
- Have an annual turnover of less than ₹100 crores
- Be working toward innovation, development or improvement of products, services or processes
- Not be formed by splitting or reconstructing an existing business
Documents Required
- Certificate of Incorporation/Registration
- PAN card of the business
- KYC Documents of the /partners/directors (Email id, Mobile No. PAN, Aadhaar, Voter id, Bank Statement etc.)
- A brief description of the business and its innovation
- Website link/pitch deck (if available)
- Details of funding (if any)
- Intellectual property proof (if applicable)
Steps for Applying
- Company Incorporation: Ensure your business is registered as a Private Limited Company, LLP or Partnership Firm.
- Profile Creation on Startup India Portal: Register your business on the official portal of Startup India.
- DPIIT Recognition Application: File the online application with business details, pitch and innovation declaration.
- Document Upload and Declaration: Upload required documents and submit self-declaration on compliance with eligibility criteria.
- Approval and Recognition: On verification by DPIIT, a Startup Recognition Certificate is issued.
Penalties
- No Direct Penalties There are no penalties for delayed Startup India Registration. However, misrepresentation of facts during registration may lead to:
- Revocation of Recognition Withdrawal of benefits like tax exemptions
- Legal Action Legal actions and fines under various applicable laws
Timelines
Preparation of Documents
2 to 3 working days
Application Filing
1 working day
Approval by DPIIT
10 to 15 working days (subject to verification)
Total Time
Typically completed within 7 to 12 working days
Timelines may vary depending on document verification and government approvals.
Fee
Frequently Asked Questions
Because every great business starts with the right answers.
It is the official recognition provided by DPIIT to eligible startups in India to avail tax and business benefits under the Startup India scheme.
Yes, your business must first be incorporated as a Private Limited Company, LLP or Partnership Firm.
No, sole proprietorships are not eligible. Only companies, LLPs or partnerships can register.
Recognized startups can get income tax exemption under Section 80-IAC for 3 consecutive years.
No, funding is not a mandatory requirement. However, details must be provided if available.
Yes, if the business is less than 10 years old and meets all other eligibility criteria.
DPIIT recognition confirms your business as a "Startup" under government norms and enables access to scheme benefits.
No, there is no government fee for obtaining Startup India Recognition. However, professional assistance charges may apply.
Yes, Lawfinity offers complete support from document preparation to DPIIT certificate issuance.
Voices of Success
Hear from those who have thrived with us and discover how businesses have transformed and grown with our expert guidance and support.
Anil Yadav
Shaperz India Grain Private Limited
“From FSSAI to Trade License, Lawfinity handled all our approvals efficiently. One-stop solution for all licensing needs.”
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