startup registration

How to register Startups in Bangalore?
A start-up registraion is a small, recently incorporated company that was founded by one person or by a number of people. A start-up typically aims to provide a variety of novel goods or services that are not offered elsewhere in the same manner by other new endeavors or enterprises. The best way to characterize it is as innovation. The startup either tries to create a brand-new service or product or improves an existing one.
Under Prime Minister Narendra Modi's direction, the Indian government launched the Startup India Scheme with the goal of assisting and promoting the expansion of Indian businesses as well as their registration.This program offers several advantages to new businesses that adoptA start-up typically aims to provide a variety of novel goods or services that are not offered elsewhere in the same manner by other new endeavors or enterprises. The best way to characterize it is as innovation. The startup either tries to create a brand-new service or product or improves an existing one.

Eligibility of Registration under Startup

Before a startup proceed for registration under Startup India Scheme, it must check the following eligibility criteria:

Registered as a Company/LLP/Partnership Firm
The Startup must be registered either as:

A Private Limited Company under the Companies Act, 2013
Partnership Firm under Indian Partnership Act, 1932
A Limited Liability Partnership (LLP) under Limited Liability Partnership Act, 2008
Limit of Turnover
The business which wants to register as a Startup must have a Change turnover to less than 100 crore per year

Not more than 5 years old to 10 years old
The age of the business must not be more than 5 years from the date of its registration either as a Private Limited Company, Partnership Firm or LLP.
A Complete New Business Entity
The business must be a new business entity and should have not been created as a result of restructuring or merger with any other existing business
Involvement in innovation or development of new products
The proposed startup must be involved in innovating and developing new products, processes, services or improving an existing one. Wealth creation and employment can also be considered as valid points.
A Certificate from DIPP
It is compulsory to obtain a certificate from the Department of Industrial Policy and Formation (DIPP) to certify regarding the innovative friendly business of the proposed startup.

Advantages of Startup Registration
Under the scheme of Startup India, Indian Government offers numerous benefits which are as follows:

A Startup once registered will get income tax exemptions for three years
Startups are provided a rebate of at least 80% when they file for patent application and a rebate of 50% on trademark filings.

Startups registration are eligible to get the benefit of self certification of compliance with environmental laws and non labour laws
Startup India scheme provides recognition and support to new startups and helps them to compete with established and already existing businesses.

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