Documents Required for Startup India Registration

Registering a startup under the Startup India initiative involves submitting specific documents to the Department for Promotion of Industry and Internal Trade (DPIIT). Here's a detailed list of documents required for Startup India registration:

• Certificate of Incorporation/Registration: A copy of the certificate of incorporation or registration of the startup issued by the Registrar of Companies (RoC) or Registrar of Firms (RoF) must be provided.
• Business Plan: A comprehensive business plan outlining the nature of the startup's business, its objectives, market analysis, revenue model, growth projections, etc., must be submitted.
• Letter of Recommendation: A letter of recommendation from an incubator recognized by the Government of India or an industry association must be provided. Alternatively, startups can also obtain a recommendation from an Indian angel investor or venture capitalist.
• Details of Directors/Partners: Details of the directors or partners of the startup, including their identity proof, address proof, and educational qualifications, must be provided.
• Intellectual Property (IP) Details: If the startup has filed for any intellectual property rights such as patents, trademarks, or copyrights, details of such filings must be submitted.
• Financial Statements: Financial statements such as balance sheet, profit and loss statement, and cash flow statement for the previous financial year must be provided. If the startup is newly incorporated, projected financial statements may be submitted.
• Tax Registration Documents: Copies of tax registration documents such as Goods and Services Tax (GST) registration certificate, Permanent Account Number (PAN) card, and Tax Deduction and Collection Account Number (TAN) must be provided.
• Declaration of Compliance: A declaration confirming compliance with the eligibility criteria and terms and conditions of the Startup India initiative must be signed by the authorised signatory of the startup.

FAQs

Q1. Who is eligible to register under the Startup India initiative?

Ans. Startups that meet the eligibility criteria defined by the DPIIT, including being incorporated as a private limited company, registered partnership firm, or limited liability partnership (LLP), and having a turnover of less than ?100 crores in any of the previous financial years, are eligible to register.

Q2. Is there any registration fee for Startup India registration?

Ans. No, there is no registration fee for Startup India registration. The process is free of cost.

Q3. What are the tax benefits available to startups registered under Startup India?

Ans. Startups registered under Startup India are eligible for various tax benefits, including a three-year income tax exemption for eligible startups, exemption from capital gains tax on the sale of residential property and investment in eligible startups, and a tax exemption on investments made by angel investors.

Q4. Can existing businesses apply for Startup India registration?

Ans. Yes, existing businesses that meet the eligibility criteria defined by the DPIIT can apply for Startup India registration. However, they must fulfill all the necessary documentation and compliance requirements.