How to Check Startup Registration Status Company in India?
The India Government established the Startup India program in 2016. It is initiated to promote the startup companies in India to improve the economy of the country. In this scheme, people get the opportunity to start a company that is different and has a unique idea from existing companies in India. Its primary objective is to make India a job creator instead of a job seeker. In this blog, you will get to know how to check the startup registration status company in India.
What is a Startup in India?
A Startup India is a new initiative established by the government to promote startup businesses in which anyone can incorporate a small business with a person or group of people in India. In this scheme, you can establish a new business that has a different item, product, or service that is not available in the market. It should be creative and innovative for startup businesses. Startup-India is a great initiative that can increase our Indian economy.
Eligibility of a Start-up India
If you want to register your startup India company then you must know all these eligibility criteria:
The company registration and operations should not exceed more than 10 years from its formation date.
To get the DPIIT Certificate your company needs to be registered as a Private Limited Company(pvt.ltd), Limited Liability Partnership, or Registered Partnership Firm.
The company turnover should be less than Rs. 100 crores for any financial year.
The company should not be duplicated or restructured by an existing company to get the DPIIT Certificate of Recognition.
The company should concentrate on the improvement or development of a product, process, or service that is unique from innovation. It should create wealth and employ the public.
The company should employ the public and have the capability to create wealth.
Benefits of Startup India Registration
Here are the benefits of the Startup India Registration:
Government E-marketplace: On the government website your products or services will be showcased. A startup is controlled under the DPIIT.
Fast and easy closure: If you want to close your Startup then it’s become easy for you as you can wind up your company within 90 days from the date of applying for insolvency.
Raise Funds: Under this scheme, you can raise funds from Alternative Investment Funds.
Guarantee Credit Fund: You can have the opportunity to get funds given by the National Credit Guarantee Trust Company or SIDBI.
Self-Certification: When you obtain the DPIIT Certificate of Recognition then your Startup company can avail of the compliance.
Tax benefits: Once you get the recognition certificate then your startup can apply for tax exemption under Section 80 IAC of the Income Tax Act.
Objectives of Startup India Registration
The Startup India scheme has the following objectives in its plan to provide support and growth to Startups and beyond:
The process of applying for Patent filing is more accessible and it is simple to provide Intellectual Property Rights (IPR).
Its main objective is to boost the growth of the Startup company in India.
It provides a large network database for businessmen and other stakeholders to start their businesses in India.
Improved the infrastructure of the companies, which includes the establishment of good offices.
Making a good regulatory environment that includes tax benefits, an easy compliance process, a simple setup of the company, and efficient mechanisms.
Documents Required For Startup India Registration
The required documents for registration include:
Incorporation/Registration Certificate of your Startup
Recommendation letter of the owner of the company, Limited Liability Partnership (LLP), or Partnership Firm.
Fund proof provided by the company, if applicable
Give information on patents and trademarks, if any
Awards or certificates of recognition, if any received
PAN Number (Permanent Account Number)
Proof of the startup planning, such as a pitch deck, website link, or video.
Process of Startup India Registration
Whenever you complete the startup India registration then you need to ensure to check the status of your application daily as it can be approved anytime after the submission of your application. Hence, it is important to check the status of your application within a certain time after getting it submitted on the website. To check the online status of the startup India registration, you must follow these processes:
Step 1: You need to go to the Startup India online portal.
Step 2: On the right side of the Startup India website there is an option for a login.
Step 3: You need to click on the login option and provide all the credentials that you made before while completing the process of registration.
Step 4: On the right side of the website, you will find the dashboard option, you need to click on the same.
Step 5: As the next step, you need to click on the “DPIIT recognition” to proceed with the process.
Step 6: After this step, you will get the recognition form status option on the website where you can check the startup registration of your company.
Step 7: If your startup application gets approved then the certificate will be immediately issued and you can easily download it from the website.
FAQ’S
1. What is ROC?
The Registrar of Companies (ROC) deals with the administration of companies in India and it is an office under the Ministry of Corporate Affairs (MCA). It is operating in all the major states/UTs.
2. What is the validity of the Startup Recognition Certificate?
The validity of the Startup Recognition Certificate is Up to 10 years from the date of incorporation/registration or valid until its turnover in any previous year does not exceed Rs.100 crores.
3. Can a foreign company register in the Startup India Program?
No, under the Startup India Program only Indian Companies. LLP and partnership firms are eligible to register.
4. Can I make corrections on the Startup India registration?
Yes, you can make corrections or changes to Startup India.
5. What are the benefits of a startup registration in India?
These are the benefits of registration in India:
Government E-marketplace
Fast and easy closure
Raise Funds
Guarantee Credit Fund
Self-Certification
Tax benefits