How to Register your Business under Start-up India Government Scheme in Electronic City?
According to Start-up company
registration in Electronic city, the government of India has introduced
many various measures for the advancement and improvement of the Indian
start-ups so far. These created a great number of benefits for the growth and
development of Indian start-ups have been established. The government has
likewise opened various ways for giving economic guidance and assistance to the
MSMEs and small business sectors.
The Ministry of Commerce &
Industry had started improving and boosting up the start-up business sectors
under the various remarkable initiative known as Start-up India or Stand-up
India Scheme.
Under this scheme, a business entity
has a firm that will continue to be termed as a Start-up, if the company’s
annual turnover for any of the previous fiscal years since the beginning of the
business does not exceed more than ₹100 crores. Previously the doorsill limit
was ₹25 crores.
In addition, the time period for
identification of a business as a ‘start-up’ has been increased from 7 years to
10 years.
We must first understand what is the
Start-up India and Stand-up India scheme.
AN GENERAL REVIEW
OF START-UP INDIA STAND-UP INDIA SCHEME
Start-up Business
Consultants in Electronic city has
an adverse “start-up culture” is gaining a huge name in India. In several
fields, Start-ups are achieving exceptionally high in India. With a view to
further improve the quality of the Indian economy and also to encourage
entrepreneurship, the Government of India has taken under the administration of
the Ministry of Commerce & Industry, that had begun the Start-up India and
the Stand-up India initiative in 2015 to boost up the growth of the Indian
start-ups.
BASIC CRITERIA OF
GETTING REGISTERED UNDER START-UP INDIA
In order to get recognition and
identification under this beneficial scheme, start-ups have to get approval
from the Department of Industrial Policy and Promotion (DIPP).
The start-ups are required to achieve
various conditions for getting approved under the Start-up India Stand-up India
scheme.
CONDITIONS FOR
GETTING REGISTERED AS START-UP ON START-UP INDIA SCHEME
In start-up
Registration services provider in Electronic city A business entity that meets the following
conditions shall be termed as “start-up” under the Start-up India or Stand-up
India scheme:
Incorporation of a company should not
be before the time period of 10 years
Must be incorporated as a LLP or an
Partnership firm or an Private Limited Company
The Annual Turnover of a start-up must
not exceed more than INR 100 crore for any of the previous financial years
since its date of Incorporation.
The Entity or a company should have
been formed already by the promoters and should not be merged by the division
of an already existing company or entity.
Innovative concept: The business must
have a solid concrete plan for the progress or the development of a service,
process, and product. It must have a climbed business model with a high
prospective for the increasing of wealth & employment generation.
Such a business will be recognized and
will be certified by the Department for Promotion of Industry and Internal
Trade (DPIIT).
How to Apply for COMPANY REGISTRATION in
Electronic City?
Do you want to get an COMPANY REGISTRATION Services in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/
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