#DIPP recognition

[dailyfinancial]

Collateral-Free Loans for Startups: How to Secure Funding for Your Startup

“How India’s Credit Guarantee Scheme for Startups (CGSS) 2025 is transforming entrepreneurship with collateral-free loans, interest subsidies, and government-backed guarantees. Learn about eligibility, benefits, and application process to fuel your startup’s growth. Empower innovation, drive economic growth, and unlock funding opportunities today!” The Credit Guarantee Scheme for Startups (CGSS)…

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How Startup India Helps Boost the Indian Startup Ecosystem

With thousands of creative startups transforming industries and addressing pressing issues, India has become one of the world's top startup centers. The Government of India's Startup India Registration program, which was introduced in 2016 with the goals of encouraging innovation, fostering entrepreneurship, and building a strong startup ecosystem, is the main impetus behind this change. DPIIT Registration is a key component of this program, offering startups a host of advantages that improve funding availability, reduce compliance obligations, and streamline operations. This article examines the ways in which the Startup India initiative has greatly aided in the expansion of India's startup ecosystem through DPIIT Recognition and DIPP Registration.

Recognizing Startup India Registration and DPIIT Recognition

A government-led procedure called Startup India Registration formally recognizes qualified startups so they can receive a number of advantages. The Department for Promotion of Industry and Internal Trade (DPIIT) is in charge of overseeing this program. Startups who successfully register are granted a Startup India Certificate, which certifies their eligibility for government programs and incentives. A startup's official accreditation within the Startup India framework is indicated by the words DPIIT Registration and DIPP Registration (earlier terminology), which are sometimes used interchangeably.

The Role of DPIIT Recognition in Strengthening India's Startup Background

Simplifying Business Setup and Compliance

DPIIT Recognition streamlines regulatory processes by allowing startups to self-certify under various labor and environmental laws for five years.

Recognized startups enjoy a hassle-free compliance process, significantly reducing the bureaucratic burden.

Tax Benefits and Financial Support

Startups with DPIIT Registration are eligible for a 3-year tax exemption within the first 10 years of incorporation.

Exemption from Angel Tax under Section 56 of the Income Tax Act encourages investments.

Easy access to government funding through schemes like the Startup India Seed Fund Scheme and Fund of Funds for Startups.

Simplifying Intellectual Property Registration

Recognized startups receive an 80% rebate on patent filing fees and a 50% discount on trademark filings.

Fast-tracked examination of patent applications reduces wait times, safeguarding innovations efficiently.

Facilitating Market Access

DPIIT Recognized startups are exempt from the criteria of prior experience or turnover when applying for government tenders.

Relaxation in public procurement norms allows startups to access government contracts and expand business opportunities.

Access to Networking Opportunities

Startup India regularly organizes national and international events, allowing entrepreneurs to network, collaborate, and gain exposure.

Startups can connect with investors, mentors, and industry leaders, increasing their growth prospects.

Key Benefits of Startup India Registration for Entrepreneurs

Credibility and Trust

The Startup India Certificate adds a layer of credibility, making it easier to attract investors, partners, and customers.

Ease of Funding

The recognition simplifies the funding process and increases eligibility for government grants and investor networks.

Simplified Exit Process

Recognized startups can exit operations within 90 days under the Insolvency and Bankruptcy Code, reducing financial risks.

Government Support

Access to mentorship, incubation centers, and resources through government-supported programs.

How to Apply for DPIIT Recognition

Securing DPIIT Recognition through Startup India Registration is a straightforward process. Here's how to apply:

Incorporate the Business: Make sure the entity is registered as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership Firm.

Register on Startup India Portal: Create an account and complete the required information.

Fill Out DPIIT Application: Provide details about the nature of the business, innovation, and scalability aspects.

Upload Necessary Documents:

Certificate of Incorporation

Proof of business innovation

Funding details (if applicable)

Submit and Await Approval: Once approved, the business will receive the Startup India Certificate.

Role of DIPP Registration in Developing Startup Growth

Although DIPP Registration is now known as DPIIT, its role remains critical in empowering startups. The registration facilitates:

Market Recognition: Being a DPIIT Recognized startup boosts market reputation and increases trustworthiness.

Operational Efficiency: Simplified compliance and reduced paperwork help focus on core business activities.

Investor Confidence: Investors are more inclined to invest in startups that have official recognition from a government body.

International Opportunities: Recognized startups are better positioned to explore global markets and partnerships.

Real-Life Examples of Startup India’s Impact

Zerodha

Leveraged DPIIT Recognition to scale its operations and secure investor trust.

Simplified regulatory procedures allowed Zerodha to focus on innovation, making it one of India's top fintech platforms.

CureFit

Benefited from tax exemptions and funding access through Startup India Registration.

Used government schemes to support its expansion in the health-tech space.

Ola Cabs

Utilized simplified IP filings to protect its brand and innovations, make sure sustained market growth.

Benefited from relaxed procurement norms for its public-sector partnerships.

Common Mistakes to Avoid During Registration

Incomplete Documentation: Confirm all necessary documents, such as the Certificate of Incorporation and funding proof, are accurately submitted.

Incorrect Business Classification: Clearly explain the innovative nature of the business to avoid rejection.

Ignoring Compliance Guidelines: Stay updated with guidelines to avoid compliance-related issues post-registration.

How Startup India Strengthens the Indian Economy

Job Creation

The startup ecosystem has generated millions of employment opportunities, contributing to India’s economic growth.

Innovation and Technological Advancements

Government support through DPIIT Recognition has accelerated innovations across sectors, improving global competitiveness.

Global Outreach

Startup India initiatives have empowered Indian startups to expand globally, promoting exports and foreign partnerships.

Encouraging Women Entrepreneurs

Various schemes specifically support women-led startups, confirming diversity and inclusion in the business view.

Tips for Startups to Maximize Startup India Benefits

Leverage Networking Platforms: Attend Startup India events to connect with investors and mentors.

Utilize Tax Benefits: Take advantage of income tax and angel tax exemptions.

Protect Intellectual Property: File for patents and trademarks early to safeguard innovations.

Stay Compliant: Regularly update filings and stay informed about regulatory changes.

Seek Government Grants: Apply for funding through Startup India’s dedicated schemes.

Assumption

Under the direction of DPIIT Recognition, the Startup India Registration project has played a key role in making India a global center for startups. Through lowering regulatory requirements, providing tax advantages, and streamlining compliance, the program promotes an atmosphere that is favorable for the expansion of entrepreneurship. In addition to confirming a startup's validity, the Startup India Certificate provides access to unmatched resources and support. Entrepreneurs who want to create scalable and long-lasting companies should give DPIIT Registration first priority and take advantage of all the opportunities it offers. Startups can prosper in India's vibrant ecosystem by employing proactive tactics, utilizing government programs, and maintaining compliance. Indian businesses have a bright future, and with the help of programs like Startup India, business owners are prepared to spearhead innovation, economic expansion, and global leadership.

[somyakadam1234]

Benefits of Startup India Registration

Registering under Startup India Registration not only provides financial and procedural benefits but also boosts the credibility of a business. It’s an excellent way for new entrepreneurs to scale their ventures with government support and establish themselves in a competitive market.

Tax Exemption

The entity registered under the Startup India Scheme can apply for an exemption of income tax under section 80 IAC of the Income Tax Act. Such an entity can avail of tax exemption for 3 consecutive financial years out of the first 10 years from the date of incorporation provided the following conditions are fulfilled:

(1) An entity shall be a Private Limited Company or

(2) Limited Liability Partnership.

(3) It shall be incorporated between 01st April 2016 to 01st April 2021.

Angel Tax Exemption

The Startup India recognized entity can avail of tax exemption benefits from the funds received as angel investment. The exemption is only granted if the total amount of paid-up share capital and share premium does not exceed Rs. 25 Crore after the proposed issue of shares. To avail of this exemption the entity needs to fulfill some conditions for investing in certain assets.

Rebate in Trademark and Patent Fees

All the startups registered under this scheme can claim a rebate on the government fees for filing a trademark application. And up to 80% rebate in Patent applications and can avail the benefit of fast-track patent application. Entire fees of Facilitators for any number of Patents, Trademarks, or Designs a Startup may file, shall be borne by the Government. Hence Startups will have to bear the cost of Statutory Fees only

Self Certification

Startups can self-certify compliance under 6 Labour Laws and 3 Environmental Laws for 5 years from the date of incorporation.

Government Tenders

Registering an entity under the DIPP recognition scheme enables Startups to apply for Government tenders. One of the requirements of having minimum prior experience/turnover for filing the government tender by the companies does not apply to the companies registered under the StartUp India scheme. Startups recognized under DIPP have been exempted from submitting Earnest Money Deposits (EMD) while filing government tenders.

Interaction platform for Startups

Networking is an essential key for any entrepreneur to get recognition in the market and among other industry peers. After registering under the DIPP scheme, the startups get a platform to meet other startups, well-known speakers, investors, etc. at various fests and summits organized by the Government on a huge scale. Startups recognized under DIPP can register on Government e-Marketplace as a seller and sell their products and services directly to Government Entities.

Fund of Funds for Startups

The startup can raise funds and capital through the fund of funds initiative by Startup India. DIPP has proposed to release Rs.10,000 crore for Startups through this scheme. Small Industries Development Bank of India shall provide funds to Startups approved by Implementing Agencies.

Faster Exit

The Startup entities registered under the Ministry of Corporate Affairs (MCA) i.e. A Private Limited Company and an LLP will be wound up on a fast-track basis. Under the Insolvency and Bankruptcy Code, of 2016, Startups with simple debt structures or those meeting certain income-specified criteria can be wound up within 90 days of applying for insolvency.

[oldcompanysale]

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Trademark Registration- Rs.7000

Import Export License- Rs.2999

ISO Registration- Rs.4999

NGO / Trust/ Society (Section 8 Company) Registration

EPF/ ESI Registration & Monthly Filling

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[akyvandco2023]

Startup – DPIIT Recognition : Importance And Benefits

DPIIT: What is it?

The Department for Promotion of Industry and Internal Trade is known by the acronym DPIIT. It is under the purview of the Union Ministry of Corporate Affairs and is in charge of developing strategies to advance trade within India, foreign direct investment, and industrial growth. The Ministry of Commerce and Industry oversees DPIIT. Following the Department of Commerce and the Department of Industrial Policy and Promotion’s (DIPP) merger, it was established in January 2019.

 A key component of this initiative is DPIIT recognition for startups, which offers qualified companies tax breaks, financial options, and expedited patent review. This essay will examine the DPIIT recognition procedure, qualifying standards, advantages, and ways in which it might support the development and prosperity of startups within India’s vibrant and cutthroat startup scene.

What does DPIIT desire to achieve?

Goal of DPIIT is to establish an atmosphere that supports the expansion and development of Indian enterprises and industries. The department is in charge of creating and carrying out regulations that support entrepreneurship, innovation, and investment. To accomplish its goals, DPIIT collaborates closely with a wide range of stakeholders, including companies, trade groups, state and local governments, and other federal ministries.

Giving recognition to qualifying entities under various schemes is one way DPIIT encourages the expansion of businesses. A coveted status that provides numerous advantages to businesses is DPIIT recognition. In order to qualify for DPIIT recognition, a company needs to fulfil particular requirements and adhere to a set of guidelines.

 The Department for Promotion of Industry and Internal Trade (DPIIT) in India serves several purposes, all aimed at promoting and facilitating industrial development and internal trade in the country. Some of the key purposes and functions of DPIIT include:

 Formulating Industrial Policy: DPIIT is responsible for formulating and implementing industrial policies that promote the growth and development of the industrial sector in India. These policies often aim to enhance competitiveness, encourage innovation, and attract investments.

Promoting Investments: DPIIT works to attract both domestic and foreign investments in various industries. This includes creating a conducive business environment, simplifying regulatory processes, and offering incentives to investors.

 Supporting Startups: DPIIT leads the Startup India initiative, which is focused on fostering the growth of startups in the country. This involves providing various benefits and incentives to startups, such as tax exemptions, self-certification, and easier compliance procedures.

 Ease of Doing Business: DPIIT plays a crucial role in improving the ease of doing business in India. This includes streamlining regulatory processes, reducing bureaucratic hurdles, and implementing reforms to create a more business-friendly environment.

Internal Trade Facilitation: In addition to industrial promotion, DPIIT also works towards facilitating internal trade. This involves measures to simplify and streamline trade processes within the country.

What advantages does DPIIT offer?

Eligible startups can take advantage of a number of advantages of DPIIT recognition, including funding opportunities, tax exemptions, and expedited patent examination. Additionally, it gives startups credibility, visibility, and networking opportunities with investors, mentors, and leaders in the industry. DPIIT recognition can also assist startups in overcoming administrative roadblocks, enhancing the ease of conducting business, and advancing an innovative and entrepreneurial culture in India. Below is a summary of some of the main advantages of DPIIT Recognition.

Access to Government Schemes: DPIIT-recognized startups are eligible to apply for government schemes and programs designed to support and promote entrepreneurship.

 Tax Benefits: Startups recognized by DPIIT may avail themselves of tax benefits under the Startup India initiative. This includes a three-year exemption from income tax in a consecutive block of seven years, provided the turnover does not exceed a certain limit.

Self-Certification Compliance: DPIIT-recognized startups are allowed to self-certify compliance with certain labor and environmental laws. This reduces the regulatory burden on startups.

Faster Exit Process: The insolvency and bankruptcy code provisions are simpler for startups, making it easier for them to exit within 90 days.

Access to Fund of Funds: Startups can get access to the Fund of Funds for Startups (FFS), which is a government scheme to provide funding support through selected venture capital firms.

IPR Benefits: DPIIT recognition provides assistance and support for filing patents and trademarks. Startups can receive an 80% rebate on the patent filing fees.

Networking Opportunities: Recognition opens up opportunities for networking with other startups, investors, and industry leaders through events organized by the government or other startup ecosystems.

Priority in Government Procurement: Startups are given preference in government procurement processes, making it easier for them to participate in government tenders.

Easier Compliance Requirements: Startups enjoy relaxed compliance requirements for matters like labor and environment regulations.

How can one become recognized by DPIIT?

The Department for Promotion of Industry and Internal Trade launched the DPIIT recognition for startups programme to give eligible startups benefits, recognition, and incentives to help them grow, develop, and expand in India. Eligible startups that wish to be recognised by DPIIT must fill out an online application with information about their team, product or service, funding, and business. A panel of experts reviews the application, and those who are successful get access to a certificate of recognition as well as a number of incentives and benefits. Below are detailed explanations of each stage of the procedure.

 Establish the eligibility requirements.

 Before submitting an application for DPIIT recognition, a company needs to ascertain its eligibility. The National Industrial Classification (NIC) code, the Startup India Scheme, and the Industrial Entrepreneurship Memorandum (IEM) are just a few of the programmes that DPIIT recognises. Businesses must fulfil the specific eligibility requirements of each scheme in order to be given consideration for recognition.

For example, a business needs to be incorporated as a limited liability partnership (LLP), private limited company, or partnership firm in order to be eligible for recognition under the Startup India Scheme. Its incorporation date must have been no more than ten years ago, and its yearly revenue cannot exceed INR 100 crores. The company must also be pursuing the development of novel and cutting-edge technology-driven goods, services, or processes, with the main goals being the creation of wealth and jobs. It must be an original structure and not the result of the division or reconstruction of an already-existing business in order to be eligible.

 Create a profile and register on the DPIIT Portal.

A business must register on the DPIIT portal after determining its eligibility. Businesses can apply online for recognition under a variety of schemes through the DPIIT portal. A business must register by providing basic information about itself, including its name, address, and contact details. OTP would be used for the contact information verification. This will finish the registration process and send your login information to the email address you registered.

 A business must register on the DPIIT portal after determining its eligibility. Businesses can apply online for recognition under a variety of schemes through the DPIIT portal. A business must register by providing basic information about itself, including its name, address, and contact details. OTP would be used for the contact information verification. This will finish the registration process and send your login information to the email address you registered.

 Request DPIIT Acknowledgment.

Applications for recognition under the Startup India scheme can be made by businesses after completing their registration and profile creation on the DPIIT portal. The business will need to fill out an application form with information about its business plan, projected financials, and the problem it hopes to solve. The company is also required to submit details about its personnel, which includes the directors, founders, and senior management.

Request DPIIT Acknowledgment.

Applications for recognition under the Startup India scheme can be made by businesses after completing their registration and profile creation on the DPIIT portal. The business will need to fill out an application form with information about its business plan, projected financials, and the problem it hopes to solve. The company is also required to submit details about its personnel, which includes the directors, founders, and senior management.

Number of startups approved by the government between the fiscal year 2016 and 2022

India’s business climate and unicorns

India’s economy is made up of a huge number of mostly microbusinesses, the majority of which are located in rural areas. The COVID-19 pandemic’s negative economic effects caused startup funding to lose value between 2017 and 2020, but this trend reversed in 2021 as the number of startup investment deals increased. Thanks to numerous funding agreements and investment plans, Indian startups have expanded into numerous important industries, particularly the technology and e-commerce sectors.

Unicorns and top startup industries

Fintech, e-commerce, and enterprisetech, on the other hand, accounted for the majority of all startups in the nation in 2022. In 2021, India ranked second in the Asia Pacific region for the quantity of unicorns, with a market valuation of slightly less than $100 billion.

Final Thoughts

In conclusion, by giving startups the tools and support they require to develop and prosper, DPIIT recognition for startups plays a critical role in fostering entrepreneurship and innovation in India. DPIIT recognition helps lower entry barriers and promote an innovative culture in India by providing advantages like funding opportunities, tax exemptions, and expedited patent examination. The Startup India programme and DPIIT recognition offer opportunities for entrepreneurs wishing to launch or expand their businesses in India.

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[blogagsworld]

How to Start a new Startup Business

Before the beginning of business one should know the structure of each sort of business. Entrepreneur must know the upsides and downsides of each unique type of business association as one should realize that he is on right track or not.Each business has a lawful edge just to know the rights and liabilities of each individual who is legitimately or indirectly associatedwith business. Business structure also defines the authority to be governed by and in what manner.Decision must be taken by considering the longer termapproach and if there is any uncertainty persists at that point must consult with the Professional (CA, CS AND CMA).

Some of the factors while choosing the business model are, size and nature of business, management of business, vulnerability to lawsuits and expected benefit (or loss) of the business

There are many form of business referenced beneath,

Sole ownership: Small business generally opts for sole proprietorships as it is possessed by single individual who is proprietor and exclusively answerable for everything.

Partnerships:Two or more individuals can form a partnership where both must be natural person who can take the decisions wisely. In partnership there is one legal document named as partnership agreement which may be registered or not. Partnership agreement characterizes the rights and duties of partners like decision, profit sharing, disputes resolution, admission and exclusion of any partner.

Corporations: It is considered as viable as it involves the separate entity. Corporation has sole rights and responsibility other than stakeholders.

Limited Liability Partnership Registration: LLP is registered under the LLP act with the partnership of 2 or more person where all companionsgrasp liability which is limited in nature.

Company registration and startup registration is one of the part of business registration. Any person who desires to start his own business and needs to take advantages of government scheme that is exclusively accessible to new businesses then it’s proposed to go with company registration along with Startup registration certificate by DIPP authority. 

Right decision of organization for your business matters a ton as it will assist with accomplishing the objective of the organization in the correct way and in productive way.Company is most desirable kind of registration in India as it involves separate legal entity, control and transferability of shares etc.

Footsteps are here for formation of company,

Apply fordigital signature certificate

Unique name must be chose

Preparation of affidavit, declaration, Moa and Aoa as well

Arrange further id address proof of subscribers

Complete the web based form over the portal of mca

Submission of incorporation form

Now the enrolment of your registered business with startup india portal to get benefits from the various available scheme. Only some of the business registration is eligible to registerthem under startup india plan. 

Eligibility

An organization will be considered as startup if it’s out of following:

Private limited incorporated in India

Registered as a partnership corporation with government

A limited liability partnership (under the Limited Liability Partnership Act, 2008)

Time period cannot be exceed 10 years from the incorporation date

Entity must be involve in innovation , development of any product or services

Turnover must not be exceed by 10 crore annually.

An association made by separating or remaking of existing business will not be considered as a 'Startup'.

Rewards from the startup registration

Startup are getting the number of benefits like tax benefits, capital gains exemptions, as well as government helps for startup subsidizing and getting 80% decrease on patent enrollment expenses and 50 % in trademark filling.Significant assistance is in the zone of government tenders and huge networking opportunities.

Procedure of Startup Registration

Business incorporation as private company or LLP or registered partnership.

Register with startup india through straightforward procedure over site.

Upload website link and trademark application if any.

Answer the question in respect to innovation working and how it works for the economy.

Upload details of authorized person and self-declaration.

After due verification and clarification, department will provide the certificate of recognition.

The NeuSource Startup Minds official the best Business Startup Consultant offer services like Proprietorship Firm Registration, Partnership Firm Registration, OPC Registration, GST Registration, LLP Registration, Trademark registration, FSSAI Licence, ISO Registration.

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STARTUP INDIA RECOGNITION (DIPP)

STARTUP INDIA RECOGNITION (DIPP)

https://instafiling.com/licensing-services/startup-india-scheme/

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How DPIIT Certification Helps Startups Access Global Markets

Over the past ten years, the Indian startup scene has grown remarkably thanks to creativity, technology breakthroughs, and encouraging government regulations. The Startup India Scheme is one of the most important programs among these that aims to support startup companies. The DPIIT Registration, which grants qualified startups DPIIT Recognition, is at the heart of this program. In addition to providing financial opportunities and tax benefits, DPIIT Certification is essential for granting companies access to international markets. This article examines the ways in which DPIIT Registration, Startup India Certificate, and the progression from DIPP Registration help Indian startups expand their global presence.

Understanding DPIIT Certification

Startups are recognized through the DPIIT Certification procedure by the Ministry of Commerce and Industry's Department for Promotion of Industry and Internal Trade (DPIIT). Startups who fulfill certain qualifying requirements are given this status, which gives them access to government incentives intended to foster innovation and expansion. In order to obtain DPIIT Recognition, the Startup India Registration procedure entails providing the required paperwork and business information. After being accepted, the firm is granted an official firm India Certificate, which gives it legitimacy and opens up a number of domestic and foreign prospects.

Key Benefits of DPIIT Certification for Global Market Access

Startups with DPIIT Certification enjoy several advantages that facilitate their entry into global markets. From developing credibility to providing financial support and simplifying regulatory compliance, the certification offers multiple pathways for startups to scale their operations internationally.

1. Higher Credibility and Trust

Global partners and investors often seek validation when engaging with new businesses. A Startup India Certificate serves as an official recognition from the Indian government, significantly developing the startup’s credibility in international markets.

Building Investor Confidence: International investors are more likely to invest in startups that have government-backed certification, reducing perceived risks.

Trust Among Global Clients: Certification confirms potential clients of the startup’s legitimacy and commitment to innovation and growth.

Facilitates Partnerships: Eases the process of forming alliances and partnerships with global firms.

2. Ease of Business Expansion

DPIIT Recognition simplifies the process of expanding operations into foreign markets by offering support in regulatory compliance and legal formalities.

Simplified Export Processes: Recognized startups can access government support for simplifying export documentation and procedures.

Assistance in Overseas Registration: Guidance and support for registering the business in foreign countries, making market entry smoother.

Faster Regulatory Approvals: Improved credibility aids in securing faster approvals from international regulatory bodies.

3. Access to Government and International Funding

Startups with DPIIT Certification are eligible for various funding schemes and financial assistance programs designed to promote global growth.

Fund of Funds for Startups (FFS): Startups can access this government initiative aimed at facilitating investments through venture capitalists.

Participation in Global Incubation Programs: DPIIT-recognized startups are eligible for international incubation and accelerator programs that can improve their global reach.

Ease of Securing International Investments: Certification provides assurance to global investors regarding the startup’s authenticity and growth potential.

4. Tax Benefits that Support International Expansion

Tax exemptions under the Startup India Scheme allow startups to reinvest savings into global operations.

Income Tax Exemption: Under Section 80-IAC, startups can avail of a 100% income tax exemption for three consecutive years.

Angel Tax Exemption: Startups recognized by DPIIT are exempt from tax on investments above fair market value, making it easier to raise international capital.

Capital Gains Exemption: Startups can reinvest proceeds from asset sales into global expansion without attracting capital gains tax.

5. Participation in International Trade Fairs and Events

The Indian government supports DPIIT-certified startups by providing platforms to showcase their products and services at global trade fairs and events.

Government Sponsorships: Subsidized participation fees for international expos and summits.

Networking Opportunities: Facilitates connections with global industry leaders and potential partners.

Brand Visibility: Increases the startup’s exposure in global markets, attracting potential clients and investors.

The Role of Startup India Certificate in Global Expansion

The Startup India Certificate is more than just an official document; it serves as a strategic asset for startups eyeing global markets. The certificate provides:

Validation of Business Credentials: Acts as proof of the startup’s authenticity and adherence to government standards.

Qualification for International Programs: Many global programs and collaborations prioritize certified startups.

Leverage for Strategic Alliances: Facilitates entry into foreign markets by increasing the startup's credibility among international partners.

From DIPP Registration to DPIIT Certification

Earlier, startups were required to undergo DIPP Registration under the Department of Industrial Policy and Promotion. However, with the transition to DPIIT, the registration and recognition process has been streamlined to provide better support for startups.

Simplified Processes: The transition simplified the process, reducing paperwork and administrative delays.

Focused Support for Global Expansion: DPIIT focuses on promoting startups not just domestically but also in international markets.

Increased Recognition: DPIIT certification is globally recognized, offering better leverage for startups.

Compliance Requirements for Global Market Access

While DPIIT Certification offers multiple benefits, startups must comply with specific regulations to sustain their certification and expand globally.

Timely Filing of Tax Returns: Confirming regular compliance with domestic tax regulations.

Export Compliance: Adhering to export-related guidelines, including obtaining necessary licenses.

Adherence to International Standards: Aligning products and services with international quality and safety standards.

Intellectual Property Protection: Registering patents, trademarks, and copyrights in target markets.

Regular Reporting to DPIIT: Periodically updating DPIIT about business progress and global expansions.

Challenges in Accessing Global Markets

Despite the advantages, startups may face certain challenges when entering international markets:

Regulatory Barriers: Directing different regulations and compliance standards.

Cultural Differences: Understanding local consumer behavior and market preferences.

Funding Constraints: Managing finances for global operations without overextending resources.

Market Competition: Competing with established global players requires strong differentiation strategies.

Best Practices for Successful Global Expansion

To overcome these challenges and maximize the benefits of DPIIT Certification, startups can adopt the following strategies:

Market Research: Conduct thorough research to understand target markets and competition.

Local Partnerships: Collaborate with local businesses and distributors for easier market penetration.

Utilizing Government Schemes: Leverage government programs designed to support global expansion.

Professional Consultation: Engage with international business consultants for legal and regulatory advice.

Continuous Learning: Stay updated with global trends and best practices in the industry.

Assumption

A startup's path from domestic operations to international markets is both lucrative and difficult. Startups can enter foreign markets more easily because to the strategic advantage that DPIIT Certification provides. In addition to increasing reputation, the Startup India Certificate grants access to government programs, funding, and international networking opportunities. Additionally, being aware of the change from DIPP Registration to DPIIT has made it easier for startups to cross the regulatory environment and concentrate on innovation and expansion rather than bureaucratic challenges.

Startups can greatly increase their worldwide competitiveness by utilizing DPIIT Registration and following the regulations. Startups can create a significant global footprint through a combination of government assistance, tax advantages, and strategic alliances. DPIIT Certification serves as both a recognition and a stimulant for scalable and sustainable growth on the global scale in an economy that is becoming more interconnected by the day.

[juudgeblog]

A Guide to the Startup India initiative by DIPP

In this article, Sandip Ghosh, a student pursuing Diploma in Entrepreneurship Administration and Business Laws from NUJS, Kolkata discusses the Startup India program started by DIPP.

Introduction

A startup company is an entrepreneurial venture which is typically a newly emerged, fast-growing business that aims to meet a marketplace need by developing a viable business model around an innovative product, service, process or a platform. The concept had been introduced in India on 16th January 2016 by the Government.

About DIPP (Rules and Functions of the Department)

The Department of Industrial Policy & Promotion was established in the year 1995 and has been rebuilt in 2000 with the merger of Department of Industrial Development. The primary rules and functions are as follows:

It formulates and implements the Industrial policies in conformity with the industrial needs and national objectives.

It provides advice to all technical and industrial matters and monitors the growth of industries specifically assigned to it.

Formulation of Foreign Direct Investment (FDI) policy and promotion, approval and facilitation of FDI.

Providing encouragement to foreign technology collaboration at an enterprise level and prepare policy matter for the same.

Prepare the policy related to IPR (Intellectual Property Right) – Patents, Trademarks, Industrial Designs and Geographical Indications of Goods and administration of regulations.

Administration of Industries (Development & Regulation Act), 1951.

Promoting Industrial development to the Industrial backward areas especially North-East region including international cooperations for Industrial Partnership.

Promoting productivity, quality and technical cooperations.

Definition of a start up by DIPP

As per DIPP startup means an entity, incorporated or registered in India which fulfils the following criteria:

The period must not exceed seven years from the date of incorporation and in case of Biotechnology sector, it is up to 10 years.

It can be incorporated as private limited company or registered as a partnership firm or a limited liability partnership.

The annual turnover must not exceed INR 25Cr for any financial year since incorporation/registration.

It should work towards the innovation, development or improvement of products or processes or services, or it is a scalable business model with a high potential of employment generation or wealth creation.

Exclusion

Any company formed after splitting up from existing business shall not be considered as ‘Startup’.  

For recognition of your startup

Under the Startup India Action Plan, startups that meet the definition as prescribed under the notification G.S.R 364(E) are eligible to apply for the recognition under the programs.

Startups can also apply for exemptions on profit under the Section 80-IAC of Income Tax Act and exemption on investment above fair market value under Section 56of Income Tax Act.

The Documents required for recognition of the Startup:

Company Incorporation;

Company Registration with the Income Tax-Pan, Tan, VAT and GST;

If the proposed business is Software development only for Exports, then the Company should be registered with the Software Technology Parks, India;

If the proposed business is related to manufacturing then different requirements are to be met with;

If the business is related to the services sector, the law will be different;

A company has more than 20 employees must have to register with the provident fund;

Shop and establishments must be registered with the local authority;  

If the company is involved with export and import must have the necessary registration;

Employee-related legal documents;

Investor related legal documents;

Please find the benefits offered to recognized startups here.

How to register your Startup Business with Startup India

The registration of the startups is very short and simple. One must login to https://www.startupindia.gov.in/registration.php and follow the steps given in the same.

New Definition of startup by DIPP and its requirement for changes

On the early stage, despite of year of its launch, there is no significant progress seen because of the stringent norms and regulations. Up to May 2017, DIPP could only recognize 798 applicants as startups and only 10 of those have availed the tax benefits.

Initially during innovation was proposed as the base of any entity being considered a startup. The entity to be identified as start up as per the earlier definition given.

In recent time, Government of India has further enlarged the definition of “Startup India, Standup India” initiative introduced in January 2016. From now on the overall age limit has been increased from five to seven years and has been further extended to 10 years for biotech startups.

In March 2017, The Department of Industrial Policy & Promotions (DIPP) had invited feedbacks and suggestions from various industries in India in order to alter the definition of the startups.

The Changes that are infused in the definition of Startup and its policy are as follows

The Government had announced to take job creation capabilities and financial standards of the Startups as a measure to gain benefits from startup India plans.

The tax rates of SME’s with an annual turnover up to $7.6Mn are reduced to 25%. Further to this Government with effect from April 2018 has allowed carrying forward and setting up the loss of startup for seven years.

For obtaining tax benefits startups are not required to get a letter of recommendation from an industry association.

Companies that are incorporated after March 2016 can now avail a tax holiday of three years of their seven years of existence, earlier the limit was three years out of five years.

The Government will provide startups with 80% rebate while filing of patents vis-à-vis other Companies. This will help the companies in their initial year of formation.

These changes are made to ease of starting up a new business to promote the startup ecosystem and build a nation of job creators than job seekers.

Apart from putting relaxation on setting up the process, Government has moved one step ahead to fast-track the activities. For instance, as per the latest report on April 15, 2017, panels of 423 facilitators for patent design applications and 596 facilitators for Trade Mark application has been created for providing assistance in the filing of IP applications and to make the process faster for filing and acquisitions.

As mentioned above, in the recent years, Government of India has introduced several measures to help the startup ecosystems including amending the definition of the Startup that will definitely help in addressing few burning concerns by encouraging indigenous development and talent.

Discussion with DIPP secretary Mr. Ramesh Abhishek tells that how the above-mentioned change points have boosted the startup registration. See here.

List of entities recognized by DIPP as a startup can be accessed here

Conclusion

This initiative by the Government of India has created a new dimension to the entrepreneurship by helping the newcomers in setting up their business as well as makes a live network of startups through the connection. This is a platform provided by the Government to the highly skilled professionals who can generate new jobs and fulfill the dream of developed India by the year 2022 with the availability of house, electricity and all other basic needs.

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[cathrynstreich]

Full Speed Ahead

The CENTURY 21® Brand’s Forward-Thinking Approach Editor’s Note: This is the cover story in the August 2020 issue of RISMedia’s Real Estate magazine. Subscribe today. Two years ago, Century 21 Real Estate made a series of bold decisions to differentiate themselves from the “sea of sameness” in the market. First, they completely overhauled one of the world’s most recognizable icons. Second, the CENTURY 21® System challenged the existing conventions of complacency and mediocrity in an industry vulnerable to consumer distrust and indifference. Third, the global franchisor set out to transform the industry from transactional alone to experiential, recognizing that a holistic approach to providing an experience consumers demand—and deserve—from their real estate company and agent of choice was the best way to enhance its 50-year legacy as the “gold standard” in real estate. The market reaction, from industry professionals and consumers alike, has been nothing short of extraordinary as the CENTURY 21 brand realizes significant market growth and adds the very “best of the best” companies and industry professionals to its fold (see sidebar).

“Innovation doesn’t just happen in the form of technology,” explains Michael Miedler, president and chief executive officer, Century 21 Real Estate LLC. “It’s also about starting each day with a foundation of exceptional fundamentals and delivering elements of surprise or additional value at certain touchpoints or pain points in the process that create unique and personalized experiences. We are convinced that we are better positioned, by far, for our broker franchise network and their relentless sales professionals to win in our industry over all the competition—no matter the circumstances.”

During the first four months of 2020, in the face of COVID-19 and market uncertainties, the CENTURY 21 System added 10 new companies and renewed 38 franchisees, including the renewal of its eighth, 10th and 11th largest companies, respectively: CENTURY 21 Scheetz, CENTURY 21 Real Estate Alliance and CENTURY 21 Beggins Enterprises. Overwhelmingly, owners at these companies cited the CENTURY 21 brand’s leading quality service ratings, agile productivity platform and the continued relevance with consumers as the primary reasons for choosing Century 21 Real Estate as the best growth option for their affiliated agents and best experience for their home-buying and -selling clients.

“It’s all about having a consumer mindset and delivering the best agent technology, learning and marketing programs so they, in turn, can go above and beyond in helping their clients achieve the best outcomes possible, whether they are buying, selling or investing in real estate,” explains Craig Beggins, whose company has eight offices and more than 400 relentless sales professionals in Tampa and throughout Southwestern Florida. “We have strong relationships and deep roots in the communities we serve. The thousands of individuals and families we have served trust and rely on us for our local market expertise and the empathy we bring to each one of their experiences.”

In addition to industry-leading companies choosing to be a part of the CENTURY 21 family, the brand’s overall mission to defy mediocrity and deliver extraordinary experiences is also resonating with some of the very best professionals in the business. A recent case in point is the announcement that the No. 1 agent in transaction volume in the country, Kyle Seyboth, chose to affiliate with Century 21 Real Estate and is now operating in Southern Massachusetts and Rhode Island as CENTURY 21 The Seyboth Team (see sidebar). Seyboth intends to leverage the people, the culture and the platform behind the CENTURY 21 System.

“What sold me on the CENTURY 21 brand is the senior management team, and the understanding and entrepreneurial mindset they have for this business, which starts at the top with Mike. He is all about having his team deliver the best technology, learning and marketing programs to my affiliated agents so they, in turn, can go above and beyond to help their clients,” explains Seyboth, who, unsurprisingly, was courted by most, if not all, major real estate brands and franchises. “We have worked hard to develop strong relationships and deep roots in our communities, and this new affiliation ensures that our homebuyer, home seller and investor friends will be able to continue to trust and rely on us to assist with the best real estate outcomes possible.”

With Century 21 Real Estate committed to being the most sought-after brand in real estate, and its devotion to delivering experiences rather than transactions, the CENTURY 21 brand sits among the top overall customer-centric brands. According to the 2019 KANTAR Ad Tracking Study, Century 21 Real Estate is the most recognized company in brand awareness (coincidentally, for 21 consecutive years), the most recognized name in real estate and the most respected brand in the real estate industry. Plus, and more importantly to the CENTURY 21 brand in its efforts to perfect the real estate experience, homebuyers and home sellers in the last six months have given the System’s relentless sales professionals quality service scores of 97 percent in overall satisfaction and a recommendation rating of 98 percent on their RealSatisfied QSS (quality service surveys) ratings.

“We believe that the path to extraordinary requires giving 121 percent, and consumer ratings like these are definite market differentiators,” explains Miedler, who notes that agents who deliver extraordinary experiences and have enough transactions to meet the minimum QSS award threshold generate 22 percent more in commission than agents who don’t earn the award. “While others might be concerned with fees and splits, many of today’s top real estate agents understand that these are the most valuable figures to their overall long-term business growth and ability to build lifelong relationships with clients.”

Another step in the 20-year history of the CENTURY 21 brand’s focus on QSS was the introduction in 2018 of the CENTURY 21 Relentless Agent Awards (RAA). The RAA highlights groups of agents who have gone “above and beyond” for their clients, like Kathy Dipp of CENTURY 21 Redwood Realty, who knowing full well a landscaped lawn would show better, brought over her very own tools, mulch, flowers, etc., and did the landscaping herself on the listing property. Or, Misty Dowling of CENTURY 21 Broughton Team, who, after learning that a young, recently-separated single mother and homeowner could possibly lose her home to foreclosure, went above and beyond with the lien-holder, government agency and title company involved to save the homeowner’s credit and sell the home to another single mom. RAA winners, like Dipp and Dowling and many more, receive specially crafted trophies and have their stories showcased via a dedicated microsite, custom social media content, and national and local media outreach. Each was celebrated with their very own extraordinary experience like a trip to the ESPYs, the NCAA Final Four Tournament, the U.S. Open Tennis Tournament and even Broadway’s hottest show.

“We know full well that agent expectations will continue to evolve,” says Miedler. “Looking forward, we promise agility and speed, and a continued focus on delivering the extraordinary to cement in the future our status today as an early adopter of perfecting the home-buying and -selling experience. That way, the CENTURY 21 brand will remain in the hearts and minds of consumers when the real estate decision-making process begins in earnest.”

Founded by industry trailblazers Art Bartlett and Marsh Fisher in 1971, Century 21 Real Estate was created for the sole purpose of galvanizing entrepreneurs, challenging the status quo of real estate and enabling broker independence to achieve unprecedented success. Not only were Bartlett and Fisher the first to introduce the franchise system and a focus on consumer ratings to grow and stand out from the competition, they also understood the importance and value of giving back to people and communities. It’s this corporate social-responsibility culture that is baked into the CENTURY 21 DNA.

“Our people are ‘go-givers’ as well as ‘go-getters,'” says Miedler, highlighting the brand’s 41-year history with its philanthropic partner, Easterseals. In that time, the C21® System has raised in excess of $126 million for the organization, which speaks volumes about the brand’s commitment to the community. “My team’s primary goal is to ensure that each C21 professional feels 100 percent included and 100 percent empowered to deliver the extraordinary, no matter the circumstances.”

As the world continues to grapple with COVID-19, CENTURY 21 System brokers and agents are continuing to touch countless thousands of lives with local fundraisers, food deliveries from local restaurants to area first responders and even a first-time homebuyer wedding ceremony at one of its offices to help the couple secure a mortgage loan.

One such act of community support earned special media recognition. Thomas McGowan, of CENTURY 21 New Millennium, Fredericksburg, Va., was honored as a HomeGROWn Hero by CNBC for volunteering to serve as an EMT in Queens, N.Y., one of the hardest-hit districts during the pandemic. As a Lieutenant at Virginia-based LifeCare Medical Transports, McGowan and his team deployed to New York with eight ambulances and 16 fellow EMTs as he led a strike team that, when called upon to relieve overworked EMS employees with 911 calls and medical transports, provided advanced and basic life support, and they did so working 12-hour shifts with their own PPE. And yes, in true relentless fashion, McGowan stayed in touch with his sphere of influence and went “above and beyond” for his real estate clients as well.

“Our people never feel alone,” explains Miedler, noting that even in a pandemic, his team is able to ensure that CENTURY 21’s relentless sales professionals are equipped to always elevate and go above and beyond for their clients. “We are a family, and we will get through this. Together, the CENTURY 21 System will come out of this stronger and better than ever as we look ahead to the next 50 years as a brand.”

Excitement will continue to build for the CENTURY 21 brand in the coming months and years ahead. In 2021, the global franchisor will celebrate its 50th anniversary—a “golden” time for the original innovators of the real estate franchise model. While the brand promises some typical “pomp and circumstance” to commemorate the milestone, how it evolves, adapts and transforms its customer-experience vision, leverages data-driven customer journeys and creates an emotional bond with property sellers, buyers and investors will help to ensure that the CENTURY 21 brand will reach the century mark as the leader in real estate franchising that it is today.

If the past few years are any indication, and if COVID reminded the industry of anything, with a new brand identity, aggressive senior leadership team, and the very “best of the best” companies and agents continuing to affiliate with Century 21 Real Estate, the CENTURY 21 System will continue to consist of relentless “go-givers” who together are stronger no matter the circumstances. They’re not just working to transform the industry from transactional to experiential—they’re better as a whole because they’re in it together, giving 121 percent to their clients.

CENTURY 21® Relentless Agent Award Winners

The future at Century 21 Real Estate is so bright, the CENTURY 21 family and their clients will need to wear shades (thanks to Timbuk3 for the song and the reference).

To learn more about the CENTURY 21 value proposition, or to join the ranks of the relentless, please go to www.century21.com/about-us/contact.

*According to The 2020 REAL Trends and Tom Ferry The Thousand ranking July 6, 2020.

Paige Tepping is RISMedia’s managing editor. Email her your real estate news ideas to paige@rismedia.com.

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[megarathoredesignus]

NID Admission Procedure

Useful Information about NID Admission Procedure

The National Institute of Design or NID is a multidisciplinary design institute of international repute. This is one of the premier organizations in the field of design education and research with international recognition. It is also enlisted as one of the top design schools among the 25 European and Asian programs by The Business Week, USA.

 This functions as an autonomous body under the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, and Government of India and also recognized by the Department of Scientific & Industrial Research (DSIR) under the Ministry of Science & Technology, Government of India.   

    The graduates of NID are working successfully around the world in the main sectors of business, trade, and social improvement. The courses are designed such that it helps in bagging a prestigious job and also to start entrepreneurship.

NID Courses and Admission 

NID is open for both the Indian and foreign candidates. There are separate seats for the two categories. NID offers four kinds of study programs, Bachelor in Design (B.Des), Masters in Design (M.Des), Ph.D. in Design, and Graduate Diploma Program in Design (GDPD).

 To get admitted to this premier institute, you have to follow the NID Admission Procedure. There are two stages of examinations, stage 1 is the Preliminary exam, and stage 2 is the Main exam. Only those who will qualify the Prelims will appear in the Mains. Finally, those qualify in the Mains will be allotted seats through counseling.

Details of NID Admission Procedure

For the bachelor's program, B.Des and GDPD, you have to either pass or appear 10+2 or equivalent.

Stage 1: Design Aptitude Test (DAT), Prelims is conducted at various test centers across the country. Take note that appearing in the DAT or being shortlisted for the next level of NID Admission Procedure does not confirm admission to any of the NIDs.

 This test will be of 3 hours duration and will have 100 marks. They will conduct the test at all the centers on the same date and time.

 Stage 2: Applicants who will qualify stage 1 will be invited to appear for the DAT Mains as a mandatory part of the NID Admission Procedure in the main campus Ahmedabad or other campuses situated in Karnataka, Haryana, Assam, Madhya Pradesh, and Andhra Pradesh. You will get to know about the test center in the DAT (Mains) Admit Card.

 The Mains will also be of 100 marks, and it will take a maximum of 3 days to complete as it consists of various formats as in-studio setup. Both tests will be conducted in the English language only.

The candidates should furnish correct information at every field in the application form. If at any stage of admission, the institute finds any of the information is wrong, they will reject the candidature.

[finleg123]

How to register your startup with Startup India

Do you likewise have a thought for your Startup?

Is it unique?

Try not to stress; your innovation can be developed by Start-Up India!

Uncertain about what is Start-up India, We can tackle every one of your inquiries identified with it.

What is Start-up India?

Start-ups are getting exceptionally mainstream in India. So as to develop Indian economy and pull incapable business visionaries, the Government of India, under the administration of PM Narendra Modi, has begun and elevated Startup India activity to perceive and advance new businesses. This initiative was launch on 16th January 2016, since then it has rolled out several programs with the objective of supporting entrepreneurs.

Steps to register your start-up with start-up India

STEP 1

Incorporate your Business

One must incorporate their company as a Private Limited Company or Limited Liability Partnership. It is required o meet all the usual incorporation requirements for any business, such as obtaining the Incorporation /Partnership registration certificate, PAN and other appropriate compliances.

STEP 2

Register with Start-up India

Register as a startup for the company. The whole process is online and easy. All you need to do is log on to the Startup India Website and fill out the form with business information and upload required documents.

STEP 3

Documents required

A letter of recommendation

An incubator recommendation developed in a post-graduate college in India, in a format defined by the Department of Industrial Policy and Promotion (DIPP), concerning the innovative nature of the business.

Letter of Support from an incubator  funded by Government of India ( in relation to the project) as part of any particular innovation promotion scheme; or

A letter of recommendation from an Incubator, recognised by the Government of India in the DIPP format specified;

A letter of funding of not less than 20 percent in equity from any Incubation Fund / Angel Fund / Private Equity Fund / Angel Network, properly registered with SEBI, supporting creative nature of the business

A letter of funding from the Government of India or any government of any State as part of any given innovation promotion scheme;

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

Incorporation /Registration Certificate

You must upload your company / LLP Certificate of Incorporation (Registration Certificate for a Partnership)

Brief description of your company

A brief description of the creative essence of your goods/services

STEP 4

Reply if you would like to make use of tax benefits

Startups will be excluded from income tax for 3 years. But they must be certified by the Inter-Ministerial Board (IMB) to take advantage of those advantages. DIPP acknowledged start-ups, IPR-related benefits can now be directly available from Govt. of India without requiring any additional  IMB certification.

STEP 5

Finally, you must nominate yourself that you satisfy the following conditions:

a)You must declare your new business as a Private Limited Company, Partnership Company or Limited Liability Partnership

b) Your business must be incorporated/registered in India, not before 5 years.

c) The turnover shall be less than 25 crores per annum. d) Development is a must: The business must try to develop something innovative or new and improve the existing technology used.

e) The company shall not be the result of the division or restoration of an existing business.

STEP 6

Get acknowledgement number instantly

That’s it! You will get a recognition number for your startup immediately upon applying. After examination of all your documents, the certificate of recognition will be issued.

Be cautious though while uploading the documents. If it is found on subsequent inspection that the correct document is not uploaded /the wrong document uploaded or that a fake document has been

uploaded, then you will be liable for a fine of 50 per cent of your startup’s paid-up capital with a minimum fine of Rs. 25,000.

STEP 7

Other areas

Register of patents, trademarks and/or designs

If you need a patent for your invention or a trademark for your product, you can easily access any of them from the Government’s list of facilitators. You will only have to pay the standard fees and thus earn a fee cut of 80 per cent.

Financing

Access to funding has been one of the main challenges faced by many startups. Entrepreneurs fail to attract investors due to lack of experience, security, or existing cash flows.

To provide funding support, Government has formed a fund with an initial corpus of INR 2,500 crore and a cumulative corpus of INR 10,000 crore over a 4-year period (i.e. INR 2,500 crore per annum).  The Fund is in the form of Fund of Funds, which means it will not invest directly in Startups but will participate in SEBI’s registered venture funds money.

The Fund shall be managed by a Board of Directors comprising practitioners from business, academia and productive startups.

The Life Insurance Company (LIC) is a co-investor in the Fund

A maximum of 50 per cent of SEBI approved Venture Funds (“daughter funds”) shall be contributed by the Company. The daughter fund should have increased the balance by 50 per cent in order to receive the donation. The Fund of Funds shall have investment fund members on board based on the contribution made.

The Fund will provide funding for a wide mix of sectors such as manufacturing, agriculture, health, education, etc.

Due to the various government initiatives, it is very easy to register as a company. You should focus on your key area while this program can help you get your start-up recognition correct from start to finish.

[blogagsworld]

How to Start a new Startup Business

Before the beginning of business one should know the structure of each sort of business. Entrepreneur must know the upsides and downsides of each unique type of business association as one should realize that he is on right track or not.Each business has a lawful edge just to know the rights and liabilities of each individual who is legitimately or indirectly associatedwith business. Business structure also defines the authority to be governed by and in what manner.Decision must be taken by considering the longer termapproach and if there is any uncertainty persists at that point must consult with the Professional (CA, CS AND CMA).

Some of the factors while choosing the business model are, size and nature of business, management of business, vulnerability to lawsuits and expected benefit (or loss) of the business

There are many form of business referenced beneath,

Sole ownership: Small business generally opts for sole proprietorships as it is possessed by single individual who is proprietor and exclusively answerable for everything.

Partnerships:Two or more individuals can form a partnership where both must be natural person who can take the decisions wisely. In partnership there is one legal document named as partnership agreement which may be registered or not. Partnership agreement characterizes the rights and duties of partners like decision, profit sharing, disputes resolution, admission and exclusion of any partner.

Corporations: It is considered as viable as it involves the separate entity. Corporation has sole rights and responsibility other than stakeholders.

Limited Liability Partnership Registration: LLP is registered under the LLP act with the partnership of 2 or more person where all companionsgrasp liability which is limited in nature.

Company registration and startup registration is one of the part of business registration. Any person who desires to start his own business and needs to take advantages of government scheme that is exclusively accessible to new businesses then it’s proposed to go with company registration along with Startup registration certificate by DIPP authority. 

Right decision of organization for your business matters a ton as it will assist with accomplishing the objective of the organization in the correct way and in productive way.Company is most desirable kind of registration in India as it involves separate legal entity, control and transferability of shares etc.

Footsteps are here for formation of company,

Apply fordigital signature certificate

Unique name must be chose

Preparation of affidavit, declaration, Moa and Aoa as well

Arrange further id address proof of subscribers

Complete the web based form over the portal of mca

Submission of incorporation form

Now the enrolment of your registered business with startup india portal to get benefits from the various available scheme. Only some of the business registration is eligible to registerthem under startup india plan. 

Eligibility

An organization will be considered as startup if it’s out of following:

Private limited incorporated in India

Registered as a partnership corporation with government

A limited liability partnership (under the Limited Liability Partnership Act, 2008)

Time period cannot be exceed 10 years from the incorporation date

Entity must be involve in innovation , development of any product or services

Turnover must not be exceed by 10 crore annually.

An association made by separating or remaking of existing business will not be considered as a 'Startup'.

Rewards from the startup registration

Startup are getting the number of benefits like tax benefits, capital gains exemptions, as well as government helps for startup subsidizing and getting 80% decrease on patent enrollment expenses and 50 % in trademark filling.Significant assistance is in the zone of government tenders and huge networking opportunities.

Procedure of Startup Registration

Business incorporation as private company or LLP or registered partnership.

Register with startup india through straightforward procedure over site.

Upload website link and trademark application if any.

Answer the question in respect to innovation working and how it works for the economy.

Upload details of authorized person and self-declaration.

After due verification and clarification, department will provide the certificate of recognition.

The NeuSource Startup Minds official the best Business Startup Consultant offer services like Proprietorship Firm Registration, Partnership Firm Registration, OPC Registration, GST Registration, LLP Registration, Trademark registration, FSSAI Licence, ISO Registration.

[inkariasacademyworld]

Ease Of Doing Business

More about the report

The Doing Business report ranks countries on the basis of distance to frontier (DTF), a score that shows the gap of an economy to the global best practice.

The World Bank has recognised India as one of the top improvers for the year. This year, India features among the report’s list of top 10 improvers for the second year in a row and only one in BRICS to feature in this list.

India is seeking to reach the 30th position by 2020, according to an output-outcome framework document prepared by the government.

It will help India maintain its goal of strong and sustained economic growth, attract more FDI, achieve sound living standards and moderate inflation.

The Doing Business 2019 report bases the rankings on field surveys and interviews with corporate lawyers and company executives in Delhi and Mumbai.

Reasons for Improvement Improving MSME sector: India’s strong reform agenda to improve the business climate for small and medium enterprises is bearing fruit.

Faster registration process: Starting a business was made easier through consolidation of multiple application forms and introduction of a goods and services tax (GST), while getting electricity was made faster and cheaper.

Infrastructural Development and fiscal reforms: Government focus on logistics and supply chain centred initiatives and fiscal reforms like Insolvency and Bankruptcy Code has helped in promoting trade and business.

Reduction in Corruption: Many initiatives such as Aadhaar, making registration online, acceptance of main amendments in Companies Amendment (Ordinance), 2018

Shifting of jurisdiction of 16 types of corporate offences from the special courts to in-house adjudication, which is expected to reduce the case load of Special Courts by over 60%, thereby enabling them to concentrate on serious corporate offences.

The penalty for small companies and one person companies has been reduced to half of that applicable to normal companies.

Instituting a transparent and technology driven in-house adjudication mechanism on an online platform and publication of the orders on the website.

Strengthening in-house adjudication mechanism by necessitating a concomitant order for making good the default at the time of levying penalty, to achieve the ultimate aim of achieving better compliance.

Declogging the NCLT by vesting the Central Government the power to approve cases of conversion of public companies into private companies.

Electronic signatures etc. has been taken. In fact, there has been a considerable year-on-year fall in the number of companies that viewed ‘corruption’ as a major barrier – from 51% in 2015 to 25% in 2017.

Improvement in construction permits: It was improved by implementing the single-window clearance system in Delhi and the online building permit approval system in Mumbai.

Improvement in trading across borders: It was achieved by reducing the time and cost to export and import through various initiatives, including the implementation of electronic sealing of containers, upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures under its National Trade Facilitation Action Plan 2017-2020.

Recent Government Initiatives for Promotion of Ease of Doing Business Ease of Doing Business Grand Challenge: The objective of this challenge is to invite innovative ideas based on Artificial Intelligence, Internet of Things, Big Data Analytics, Blockchain and other cutting edge technology to reform Government processes. The platform for the Grand Challenge is the Startup India Portal.

Companies Amendment (Ordinance), 2018: The Ordinance, which has been promulgated is based on the recommendations of the Committee appointed by the Government to review offences under the Companies Act, 2013.

Industrial Park Rating System: Under this Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry has undertaken the exercise to rate the industrial parks on parameter such as: internal infrastructure, external infrastructure, business services and facilities, environment, safety management and connectivity.

Relaxation in Building Norms:

The Ministry of Environment, Forest and Climate Change (MoEFCC) issued a notification easing the green norms for the building and construction sector, wherein residential projects up to 1.5 lakh square metres (built-up area) will not require ‘prior environmental clearance’.

Urban local bodies such as municipalities will now have the power to grant building permission, directly benefiting the EoDB ranking for the housing and construction sector.

Challenges

Challenges like fluctuating commodity prices and exchange rates, and lack of basic infrastructure continue to persist.

Doing business in a country like ours, with its cultural, geographical, demographical diversity is not an easy endeavor.

There remain significant complaints about around the lack of transparency around business approvals, particularly in the case of statutory approvals for investments.

The extent of digitalisation, however, varies markedly across sectors, as does corruption, with those engaging in infrastructure projects still reporting significant issues relating to corruption.

The key issue for those outside India is increasingly market demand for their products and services relative to government and bureaucracy-related barriers.

Those currently doing business in India cite ‘taxation issues’ as a consistent barrier, whilst those looking to enter the Indian market understandably rate ‘identifying a suitable partner’ as their most salient issue after a considerable decline in ‘legal and regulatory impediments’ from 2017 to 2018.

Relaxing Building norms for EoDB has sent ripples of fear and anticipation among environmentalists and green activists across the nation considering the extent of corruption in municipalities across the nation.

Way Forward

Cooperation: As highlighted by the Economic Survey, addressing deep-rooted problems will only be possible through extensive cooperation between the organs of the government—“cooperative separation of powers”.

Need for Strong Contract Enforcement:

A sound contract enforcement mechanism is essential for maintaining business confidence, reducing uncertainty and promoting fair play in the economy.

The Economic Survey 2017-18 tried to highlight the impact of this problem by drawing attention to the costs of stalled projects and legal fees.

Ease of Taxation & Improvements in GST: Further simplification of returns processes, addressing concerns for India’s huge MSME/SME sectors etc. are necessary steps that need to be taken to reap the kind of benefits envisioned during GST inception.

Simplified Infrastructure and Government frameworks: Better roads and transportation facilities speed up the transportation of goods and brings up the efficiency of the business. Introduction of E-Way bills and changing regulatory frameworks around inter/intra state bill movements for instance is a good example of unified policies that will help in further building the right frameworks.

Enhanced Cross Border Functionalities across the varied business segments: For example, we can further integrate registration processes into a single form by converging GST with PAN/TAN registration.

Further Technology Enhancement: Interlinking of existing technologies to boost up business in different industries like healthcare, tourism, education etc.

Registering Property: Digitization of land records and maps and transparency on encumbrances will ease the process of registering property.

Resolving Insolvency: Increased usage will lead to recognition; the indicator will improve as more insolvent companies opt for reorganization plans instead of liquidation.