A start-up is a newly established business, typically small, founded by an individual or a group of individuals. What sets it apart from other new businesses is its focus on innovation, offering a new product or service that is not available elsewhere in the same way. The business either introduces a completely new product or service or enhances an existing one.

The Start-up India Scheme, launched by the Government of India in 2016, aims to promote start-ups, generate employment, and foster wealth creation. Through various programs, the initiative seeks to build a robust start-up ecosystem and transform India into a nation of job creators rather than job seekers. These programs are overseen by the Department for Industrial Policy and Promotion (DPIIT).

At K K Baranwal & Associates, we understand the challenges of starting a business. Let us assist you from the initial incorporation of your company to obtaining recognition for your start-up, allowing you to focus on your core areas of expertise.

Benefits Of Start-Up

  • The Start-up India Scheme offers numerous benefits to start-ups. However, to avail these benefits, an entity needs to be recognized by the DPIIT as a start-up.
  • Start-ups have the privilege of self-certifying their compliance with six labour laws and three environmental laws for a total period of five years from the date of incorporation or registration of the entity.
  • Additionally, start-ups enjoy a three-year tax exemption and have access to top-notch intellectual property services and resources designed specifically to assist in protecting and commercializing their intellectual property rights (IPRs).
  • The scheme also streamlines the winding-up process, allowing for easy closure within 90 days under the Insolvency and Bankruptcy Code, 2016.
  • Furthermore, patent and trademark applications receive fast-track processing, and the government offers up to an 80% rebate. At K K Baranwal & Associates, we are dedicated to helping start-ups leverage these benefits and navigate the complex landscape of intellectual property rights.

Process to Register under Start-up India

Incorporate your business

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. To know more about these forms of entities, click here.

Register with Start-up India

Then the business must be registered as a start-up. The entire process is simple and online. All you need to do is log on to https://www.startupindia.gov.in/ and fill up the form with details of your business and upload certain documents.

Documents to be uploaded (in PDF format only)
  • A letter of recommendation/support
  • Incorporation/Registration Certificate
  • Description of your business in brief
Self-certify below conditions
  • You must register your new company as a Private Limited Company, Partnership firm or a Limited Liability Partnership
  • Your business must be incorporated/registered in India, not before 5 years.
  • Turnover must be less than 25 crore per year.
  • Innovation is a must– the business must be working towards innovating something new or significantly improving the existing used technology.
  • Your business must not be as a result of splitting up or reconstruction of an existing business.
Immediately get recognition number

On applying you will immediately get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents.

Other Areas

Patent/ trademark : You can easily approach any from the list of facilitators issued by the government. You will need to bear only the statutory fees thus getting an 80% reduction in fees.
Funding : Government has set-up Fund of Funds to provide funding support to Start-ups.