The government of India is working continuously for the growth of the national economy & the Startup India Registration is one of the major steps towards the process. By the Department of Promotion for Industries & Internal Trade (DPIIT) startups receive certification & recognition under the Startup India Registration process. These startups receive various benefits from the government as DPIIT certification, Tax Exemption, Tax benefits, government grants, etc. The government launched the Startup India Registration in 2016 with the idea of boosting the economic ecosystem of the country on a worldwide scale & promote innovation and transforming the employment market.
Startup India Registration Patna
The growth & popularity of the Government Initiative as The Startup India Registration is in a promising realm. The business registered via the Startup India Registration produces entrepreneurship & economic growth in the country. The registration process regulates the startup operations, secures Intellectual Property rights & gives access to financial grants. The economy of Patna is diverse in nature & now moving with time they are going beyond the traditional ideas from agriculture to new & innovative ideas from different sectors. As reported by the Ministry of MICRO, Small & Medium Enterprise (MSME) The state of Bihar has seen a 12% rate in New MSME registration with 1500 new registered startups. The startup India Registration has played a pivotal role in the growth rate & interest in the startup business. The registration process helps the startups in a progressive manner and provides many benefits such as DPIIT Registration, Tax Exemption, Recognition under the Startup India registration & Self-Certifications as well.
Eligibility for the Starup India Registration
The startup business should be less than 10 years of age.
The company annual Turnover should not pass a set limit
The startup should be registered under LLP, PLC, or Partnership Firm.
Rules & Regulations For Startups to register
A suitable & legal company Structure like a Private Limited Company.
Obey with tax Regulations such as GST & Income Tax
Intellectual Property should be protected with patents, Trademarks & copyrights.
It should abide by labor laws such as minimal wages & employment benefits.
It must follow Industry laws & Environmental norms
The investment process should be transparent & Secure
Government support & benefits should be considered important.
Steps for Register under Startup India Registration
Company Plan - Startups should come up with a proper legal structure, usually as a Private Limited company.
Director Identification Number (DIN): The start-up should get a DIN for the organization's Director or owner.
Digital Signature Certificate (DSC): With DIN, also apply for DSC for directors and stakeholders.
Name Reservation: Register for a unique name for the company under the Registrar of Companies (ROC).
Company Incorporation: With the process of ROC address the Incorporation documents & receive a certificate of incorporation.
PAN and TAN: Permanent Account Number & Tax Deduction & Collection of Account Number are Necessary.
In case of applicability , Register the startup under Food & service Tax(GST)
Benefits of startup India Registration
Tax Benefits: The startups registered under Startup India receive tax exemption for 3 financial years.
Government Support: The initiative provides government resources, connections Opportunity & Mentorship.
Ease of Doing Business: The Startup avail main working process & simple submission process.
Recognition and Branding: The brands that are registered receive recognition under Startup India which help them build their brand identity.
Funding Opportunities: The program helps with investments & government grants under the registered category.
Networking Opportunities: Various events, programs & meetings are arranged by the government to attract investors for the startups.
DPIIT Certification – The startups receives certification & recognition under the Startup India.
Why Choose StartupFlora
We work under expert supervision, and aur clients receive the best consultation & advice to grow their business based on the experiences of our team.
The documentation process is a crucial step & StartupFlora makes sure that all the required documents are in the right state & are submitted with perfection.
Functioning with the right process & expert supervision the clients receive startup India certificates with a fast approval process.
At StartupFlora our clients receive customized & tailored solutions based on the different needs &ideas the clients come with.
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