Startupindia

DPIIT-Recognised Startups are eligible for the following benefits:

  1. Intellectual Property Rights benefits.
  2. Relaxation in public procurement norms.
  3. Self-Certification under Labour & Environment laws.
  4. Fund of Funds for Startups.
  5. Faster exit for Startups.
  6. DPIIT-Recognised Startups may apply to IMB for the income tax exemption for first 3 years u/s 80 IAC of Income Tax Act.

Eligibility:

An entity shall be considered as a Startup:

  1. If it is incorporated as a private limited company (As per Companies Act, 2013) or registered as a partnership firm (As per Partnership Act, 1932) or a limited liability partnership (As per, Limited Liability Partnership Act, 2008) in India.
  2. Up to ten years from the date of its incorporation/registration.
  3. If its turnover for any of the financial years since incorporation/registration has not exceeded INR. 100.00 Crores.
  4. If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

Check List of Documents

  • Incorporation certificate.
  • PAN copy.
  • List of all the directors and partners along with their address, Email ID and contact number.
  • URL link, if any.
  • Funding information, if any.
  • Award or recognition, if any.