DIPP/ DPIIT Registration

The Department of Industrial Policy & Promotion (DIPP) was renamed as the Department for Promotion of Industry and Internal Trade (DPIIT) in the year 2000. ASK commercial Solutions provide help you to register under the startup recognition with DPIIT G2B Portal (Department for Promotion of Industry and Internal Trade).
DIPP/ DPIIT ELIGIBILITY
Primary condition for registration under StartUP i.e. It shall cease to be a Startup when:
  • On completion of 10 years from the date of incorporation/registration.

  • If its turnover for any previous year exceeds Rs. 100.00 crore.

  • An entity formed by splitting up/ reconstruction of an existing business.

  • E-commerce startup are not covered under this scheme.

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REGISTRATION OF ENTERPRENEURSHIP WITH DIPP/ DPIIT

Register your business enterprises under DPIIT to take the benefits of Government package and more benefits which will be announced by government in future. The entity has to submit following documents mentioned as under to our mail for registration under DIPP/ DPIIT ..
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Conditions required to be fulfilled for getting registration under DPIIT:

   It should be-
  •  An entity, incorporated and registered in India, as a Private Limited Company or Limited Liability Partnership or Registered Partnership Firm.

  • With an annual turnover not exceeding Rs. 100.00 crore for any of the financial years since incorporation/registration.

  • Working towards innovation, development or improvement or of products or processes or services i.e. innovating something new or significantly improving the existing used technology.

  • An entity formed by splitting up or reconstruction of an existing business shall not be considered a "Startup".

  • Shall not be more than 10 years from the date of its incorporation/ registration. 

  • Register/ incorporate on or after 1st April, 2016.

Penalty for Forged Documents

If the ministry founds that the uploaded documents are forged, then the applicant is liable to pay a penalty of 50% of the paid-up capital of the startup with an amount of Rs. 25000/-.

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ASK Commercial Solutions offers you for DPIIT/ DIPP registration

Documents required for Startup India Recognition under DPIIT Registration:

  1. Certificate of Incorporation / Registration Certificate and PAN;

  2. Email ID and Mobile number;

  3. Company Details (Industry, Sector, Category, Regd. Office Address etc);

  4. Directors/Partners Details (Name, Photo, Gender, Mobile No. Email ID, Full Address);

  5. Details of Authorised Representative (Name, Designation, Mobile No. Email ID);

  6. A Brief about business and products/services and notes on innovations: how the startup is working towards innovation of something new;

  7. Development of products or processes or services;

  8. A letter of recommendation must be submitted along with the registration form.

​       Any of the following will be valid-

  • A letter of support by an incubator, which is funded (in relation to the project) by Government of India as part of any specified scheme to promote innovation; OR

  • A letter of recommendation (regarding innovative nature of business), from an Incubator, established in a post-graduate college in India or recognized by the Government of India, in DIPP specified format; OR

  • A letter of funding of not less than 20% in equity, by any Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network, duly registered with SEBI that endorses innovative nature of the business; OR

  • A letter of funding by Government of India or any State Government as part of any specified scheme to promote innovation; OR

  • A patent filed and published in the Journal by the Indian Patent Office in areas affiliated with the nature of the business being promoted.

Benefits for Startup India Recognition under DPIIT Registration:

  • Tax Exemption:

Once your company get Startup recognition certificate, they can further apply for Income Tax Exemption benefits available u/s 80IAC for 3 consecutive financial years out of its first ten years since incorporation and u/s 56 relief for Angel Tax relief (Tax on Share Premium).

 

Income Tax exemption (80IAC): Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC.

 

Income Tax relief u/s 56 (Angel Tax): The entity should have aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25.00 crore, be eligible for Tax exemption under Section 56.

 

  • Govt. Funding Opportunity:

Government allotted Rs 10,000 crores funds for investment into startups through Alternate Investment Funds. SIDBI is managing this fund. Startups can apply under this quota.

 

  • Participate in various Govt. Scheme/ Tenders:

Government issues day to day various schemes/ Tenders for startup to participate. For example, sustainable finance scheme, bank credit facilitation, raw material assistance, relaxation in Prior experience, EMD or turnover criteria etc. Many reputed companies to encourage startup entrepreneurs, gives an opportunity for startup to participate in the financial assistance scheme and win funding.

 

  • GEM Portal Seller Registration and Bid:

Government e Marketplace (GeM) is an online procurement platform for government ministries and departments, and the most widely used channel for public procurement in India.  MSMEs, DPIIT recognised startups and other private companies can register on GeM as sellers and sell their products and services directly to government entities.

  • IPR Govt. Fee Concession:

In IPR Registration 50%-80% Govt. fee concession available. Example in Trademark, Patent application.

  • Self-Certifications & Connect Networks:

Eligible for Self-certification and compliance under 9 environmental & labour laws. Help in search and find various startups and connect with them, get Mentorship, connect with investors and industries very easily.

  • Easy Winding up:

Easy windup by company in 90 days under insolvency & Bankruptcy code 2016.

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How can ASK Commercial Solutions help you:

  • ASK Commercial Solutions team hope that the details are help to those who are willing to start an entrepreneur role under under Micro, Small or Medium scale business.
  • We are committed to helping entrepreneurs and small business owners start, manage and grow their business with peace of mind at an affordable price.
  • Our aim is to educate the entrepreneur on the legal and regulatory requirements and providing all type of Company RegistrationStartup’s, DPIIT, GST, IEC, FSSAI, UDYAM, Accounting and Taxation Support services too; Contact us immediately