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Whether you're a budding entrepreneur with a ground breaking idea, a student exploring new opportunities, or a professional trying their luck for the nth time, starting a new business in India is a challenging but rewarding adventure.
India boasts a vibrant and continually expanding startup ecosystem, with a range of support and benefits provided to registered startups through government initiatives like the Startup India program.
So, let us dive deep into the process and key aspects of startup registration in India.
The Startup India initiative is a program launched by the Government of India in 2016 to promote and support entrepreneurship, innovation, and the growth of startups in the country.
The process is 100% online and can be initiated with a single form in the Government portal. To avail of the benefits under this program, you must register your business as a startup. Below are the detailed steps to register and make the most out of this initiative.
The first and crucial step in the process of registering your startup is to formally incorporate your business tailored to your specific needs and preferences.
You can register your business as following types:
Please note: It's essential to understand that DPIIT recognition does not apply to all types of incorporated entities. To know more about the eligible entity type, click here.
Here is a brief outline of the business registration process:
The above steps can differ for various company types, and additional compliances might apply depending on the nature of the business and industry.
The next step is to create an account on the Startup India website. This process is 100% online and can be done through the following steps:
After creating your profile on the Startup India website, you can access a wide range of opportunities and resources available on the portal.
The last step of Registration includes getting the Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. To apply for DPIIT Recognition for your startup, follow these steps:
Once recognised by the DPIIT, your startup can leverage these benefits to accelerate growth, access funding opportunities, and contribute to India's growing entrepreneurial ecosystem.
To qualify as a Startup in India, companies must obtain recognition from the Department for Promotion of Industry and Internal Trade (DPIIT) and meet specific predefined eligibility conditions. Below is a detailed breakdown of the eligibility requirements for Startup India recognition.
The recognition includes the following key provisions to support startups in the patent and intellectual property (IP) process:
The progress in patents and trademarks can be accessed through a fast-tracking application system.
For the most current information on the patent or trademark application process, as well as the necessary documents, you should directly contact a Facilitator. The choice of Facilitator may depend on your specific industry sector and the jurisdiction in which you intend to file your application.
You can self-certify compliance with 6 Labor and 3 Environmental Laws through a simplified online process.
For Labor Laws, inspections will only be conducted for 5 years if a credible written complaint, approved by a higher-level officer, is received. Startups categorized as white (non-polluting industries) by the Central Pollution Control Board (CPCB) can also self-certify for environmental laws.
Here is a list of Labour Laws and Environment Laws eligible for self-certification:
The Department for Promotion of Industry and Internal Trade (DPIIT) has established the Startup India Seed Fund Scheme (SISFS) with a budget of INR 945 Crore to offer financial support to startups through Incubators.
This can help you in various stages of your journey, including Proof of Concept, prototype development, product trials, market-entry, and commercialization.
The seed fund can be disbursed as follows:
Numerous Central Government and State schemes provide early-stage funding opportunities. These include schemes like Credit Guarantee Scheme, NIDHI PRAYAS, NIDHI SSS, BIRAC's initiatives, and TIDE 2.0, among others.
Under the Insolvency and Bankruptcy Code of 2016, startups with simple debt structures or those meeting specific income criteria can complete the insolvency process within 90 days of application filing.
Once filed, an Insolvency Professional will be appointed to take control of the company, including asset liquidation, creditor repayment, and closing the business within 6 months while upholding the principle of limited liability.
This encourages entrepreneurs to freely experiment with fresh and innovative ideas without the burden of navigating intricate and time-consuming exit procedures.
As a DPIIT Recognized Startup, you can list your products on the Government e-Marketplace (GeM) by registering as a Seller.
GeM is a prominent online procurement platform used by the government for acquiring products and services. This makes it easier to access a potential market for their products.
You can also avail exemption on the following during Government Tenders:
Upon submitting your application for Startup India registration, you will be provided with an Acknowledgment Receipt Number (ARN) to track the status of your certificate.
DPIIT will examine your application as well as documents. Once verified, it will issue a Certificate of Recognition (DIPP Certificate), which includes a unique Recognition number and the date of recognition that can be used during different stages of your business.
With your Certificate of Recognition, you can access various benefits and support offered under the Startup India initiative, including tax exemptions, funding opportunities, and more.
The number mentioned on the Certificate of Incorporation (COI) issued by the Ministry of Corporate Affairs (MCA) serves as the official registration number for your startup.
The Corporate Identification Number (CIN) or Limited Liability Partnership Identification Number (LLPIN) is crucial for identifying your business in legal and regulatory contexts.
Example of CIN- L17110MH1973PLC019786
Example of LLPIN- AAR 1352
The Certificate of Recognition from the Department for Promotion of Industry and Internal Trade (DPIIT) is typically issued promptly, within 2 working days of submitting your application.
However, the overall timeframe for officially registering your startup under DPIIT may extend to approximately 10-15 working days. This extended timeline accounts for the steps involved in the startup incorporation and registration process, including obtaining necessary documents, registering with the MCA, registering with Startup India, etc.
Some common factors responsible for delays are-
Several factors can cause delays in your startup registration process. It's advisable to consider these factors and monitor them closely to ensure a streamlined and seamless registration experience.
While the registration process under Startup India and DPIIT is generally straightforward and free of charge, it's worth noting that incorporation with the MCA can incur additional costs.
These costs can include fees related to
This cost depends on several factors, including the type of business entity, professional fees, and other specific requirements.
No, registration with Startup India is not mandatory. However, it is advisable to register if you tick all the eligibility boxes to access several benefits and support.
No, sole proprietorships are not eligible for recognition under Startup India. Only private limited companies, LLPs, and partnership firms are eligible.
Yes, the registration with the Ministry of Corporate Affairs (MCA) and DPIIT serves different purposes. MCA registration establishes your legal entity, while DPIIT recognition provides access to benefits and support from the Government.
Razorpay Rize offers comprehensive and 100% online MCA registration of your startup with the lowest professional fees and no hidden charges.
We provide seamless registration for Private Limited Company, One Person Company, and Limited Liability Partnership. To explore our range of services, Click here.
GST registration is mandatory for startups if their annual turnover exceeds the prescribed threshold, which varies based on the type of business.
The Startup India Certificate becomes invalid if-
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