Start-up India Eligibility Norms : Check your Entity

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Start-up India Eligibility Check:

To become a Start-up India Registered Entity, we must get the Entity registered with DPIIT (Department for Promotion of Industry and Internal Trade).

Check eligibility norms to get registered with DPIIT and become an Start-up India registered Entity:

Sl. ParametersEligibility Norms
1.Type of Entities allowed to get registered?·        Private Limited Company,  
·        Registered Partnership Firm (having FRN)
·        Limited Liability Partnership
2. Origin·        Should be originally incorporated  
·        Entity should not have been formed by splitting up
·        Reconstructing an already existing business not to be considered
3.Time – limit to get registered as an start-up entityPeriod of existence and operations should not be exceeding 10 years from the Date of Incorporation
4.TurnoverShould have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation.  
(Max. 100 Cr. Cap is fixed for any of the financial years since its Incorporation)
5.Business Model & PotentialInnovative & Scalable  
Should work towards development or improvement of a
·        product,  process or service and
/or have scalable business model with high potential for creation of wealth & employment

Key points:

  1. Decide form of Business
  2. Check Compliance Model
  3. Check and discuss the benefits, depends upon type of Business form.
  4. Hire a professional to solve all your queries and to help you to get the things done.

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

In case of any query related to start-ups, registration / Compliance / understanding of Concept / Benefits available / Tax exemptions please connect @ cslalitrajput@gmail.com or whatsapp at +919625483520.

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