STARTUP REGISTRATION

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STARTUP INDIA REGISTRATION

According to the revised announcement that was published on 23rd May 2017, an organization will be considered as a Startup: if it is incorporated in India as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership corporation (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008); and for ten years from the date of its incorporation/ registration; in any case, on account of Startups in the biotechnology division, the period will be as long as 10 years from the date of its incorporation/ registration; and if its annual turnover for any of the financial years since incorporation/ registration has not surpassed Rs. 100 crores; and if that it is working in the direction of innovation, development or improvement of items or procedures or services, or if that it is a scalable business model with a high capability of employment generation or wealth creation. An organization created by splitting up or reconstruction of existing commerce will not be considered a ‘Startup‘.

Also, a Startup should not more than 10 years old for startup recognition or not incorporated before April 2016 to claim Tax Exemption certificate.

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Benefits of Startup India Scheme

Startup India Scheme is an initiative of the Government of India, and the benefit of Startup India Scheme is the promotion of startups, generation of employment, and wealth creation. It was established on the 16th of January, 2016 by Prime Minister Narendra Modi.

Also under the Startup India Scheme, one more benefit of startup India scheme is that eligible organizations could get recognized as Startups by DPIIT, so as to access a host of tax benefits, easier compliance, IPR fast-tracking and many more.

Financial Benefits.

• Income Tax Benefits.

• Registration Benefits.

• Government Tenders.

• Huge Networking Opportunities.

How can we help you with Startup India Registration?

NGO PARTNERS is the best business and legal services platform for services relating to Startup India registration, offering a variety of company registration services like One Person Company (OPC) registration, Partnership, LLP registration, Public Limited Company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company registration, Indian Subsidiary registration, and FSSAI registration.

NGO PARTNERS will help you with Startup India registration from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a Free Consultation for Company registration with Our Top Rated Experts with a simple registration.

NGO PARTNERS provides professional tech-based online legal services to our clients with the intention to simplify the legal compliance procedures and assist in all kinds registration, tax filing, GST filing, and any additional legal compliances and services related to the business in India.

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