The creative & innovative entrepreneurs couldn’t have asked for a better time to jump onto the business bandwagon in India. Slotted as a flagship initiative of the Indian government, the Start-Up India drive has given wings to these entrepreneurial think tanks by turning their business ideas into a flourishing reality. The Big Boss driving this campaign – the Department of Industrial Policy and Promotion (DPIIT), has transformed India into a flourishing start-up environment over the last 3.5 years since the Start-Up India initiative’s launch in October 2015.
Meanwhile, let us help you get up to speed with the entire StartUp campaign in India. As per the Indian government, a ‘StartUp’ is an entity.
- If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India.
- It will be up to seven years from the date of its incorporation/registration; however, in the case of start-ups in the biotechnology sector, the period shall be up to ten years from the date of its incorporation/registration.
- If its turnover for any of the financial years since incorporation/registration has not exceeded INR 25 Crores.
- If it is working towards innovation, development, or improvement of products, processes, or services, or if it is a scalable business model with a high potential for employment generation or wealth creation.
With an overall objective to promote ‘Ease of doing business in India,’ the government has been generous in bestowing many benefits to start-ups in the country!! Here’s how-
If you have business ideas, we have a formidable skill-set and know-how to help you take off your business plan right now. Let’s take a look at the documents that you will need to register your private limited company via Kanakkupillai-
- Pan Card & Residence Proof of Directors in the Company
- Copy of Rental Agreement/EB Card Copy of Registered Office
- Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
- Passport Size Photograph
- Specimen Signature
- Passport Copy (In case of a Foreign Director)
