Startup India Registration
Govt. of India has decided to promote the Start-Up ecosystem in the country. In this connection, various incentives and ease in regulatory compliance provisions are being conceptualized. Start-Ups are defined by Department of Industrial Policy and Promotion (DIPP), as an entity shall be considered as a eligible Startup to apply for recognition in following cases:
- If it is incorporated as a Private Limited Company or registered as a Partnership Firm or a Limited Liability Partnership in India up to a period of 7 years from the date of incorporation/registration, however in the case of Startups in the biotechnology sector, the period shall be upto 10 years.
- Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded Rs. 25 crore.
- Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
Self-certification of laws, if applicable
- The Building and Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996,
- The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act,
- 1979, The Payment of Gratuity Act, 1972, The Contract Labour (Regulation and Abolition) Act, 1970,
- The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952,
- The Employees’ State Insurance Act, 1948, The Water (Prevention & Control of Pollution) Act, 1974,
- The Water (Prevention & Control of Pollution) Act,
- 1974, The Air (Prevention & Control of Pollution) Act, 1981
And no inspection regarding these laws will be conducted till a time period of three years.