WHAT ARE STARTUP BENEFITS?

Discount in Trademark and Patent Applications.

FEES: Fast-tracking of Start-up patent applications, Panel of facilitators to assist in the filing of IP applications, up to 80% rebate in filing patents and 50% rebate in filing Trademarks.

SELF-CERTIFICATION: Self-compliance under 6 Labour and 3 Environment laws for a period of 5 years from the date of incorporation.

EASIER PUBLIC PROCUREMENT: Benefit from an exemption on Prior Turnover and Experience, submitting Earnest Money Deposit (EMD) or bid security while filling government tenders.

INTERACTIVE PLATFORM FOR STARTUPS: Participate in different opportunities, challenges and summits organized by Government through the Start-up India portal. Get listed as Sellers on the Government of India’s largest e-procurement portal (GEM)

FUND OF FUNDS FOR STARTUPS: Corpus fund of 10,000 crores managed by SIDBI. The Fund is in the nature of Fund of Funds, which means that the Government participates in the capital of SEBI registered Venture Funds, which further invest in Start-ups.

ANGEL TAX EXEMPTION: Post getting recognition a Start-up may apply for Angel Tax Exemption for investment at a Premium under Section 56 of the Income Tax Act, 1961.

TAX EXEMPTION: The entity registered under the Start-up India Scheme can apply for an exemption of income tax for 3 consecutive financial years out of first 7 years from the date of incorporation under section 80 IAC of the Income Tax Act,1961.

What next?

All we require from you is a Certificate of Incorporation, an Authorization letter and an OTP.

DOCUMENTS REQUIRED

• Registration Certificate of Entity
• PAN of Entity
• PAN, Aadhar, Email ID and Mobile Number of Directors / Partners
• Business Description
• Authorization Letter
• Pitch Deck, if available

ELIGIBILITY CRITERIA

Period of Existence of Entity: The Period of existence and operations of the company should not exceed 10 years from the date of formation

Type of Entity: The DPIIT Certificate of Recognition is provided for the company which is incorporated as a Private Limited Company, a Limited Liability Partnership (LLP) or a Registered Partnership Firm.

Annual Turnover: To get the DPIIT Certificate of Recognition, The firm should have an annual turnover of Rs. 100 crore for any of the fiscal years since its federation

Original Entity: To avail the DPIIT Certificate of Recognition, the company should not have been incorporated by splitting up or recreating an already existing entity.

Innovative & Scalable Entity: The entity should be working towards the development or improvement of a product, process or service.

The organization must possess a scalable business model that demonstrates significant potential for wealth generation and job creation. The company should be capable of fostering employment opportunities or generating wealth.

Canjain Assistance