What is DPIIT Recognition under Startup India?

The Department for Promotion of Industry and Internal Trade (DPIIT) is the central agency responsible for implementing the Startup India initiative. DPIIT recognition is essential for startups to access several benefits, such as tax exemptions, relaxed compliance norms, and financial support.

Benefits of Startup India Registration in Maharashtra

Obtaining the Import Export Code registration is essential for businesses involved in foreign trade. The Indian government has mandated IEC registration to provide various benefits aimed at supporting the growth and prosperity of import-export businesses. Here are some key benefits of IEC registration:

 

Self-certification under labour laws

 

Simplified winding-up process

 

Exemption from six labour laws

 

Tax exemption under Section 56

 

Easier public procurement norms

 

Patent & IPR facilitation

 

Exemption from three environmental laws

 

Tax exemption under Section 80 IAC for three consecutive years

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Eligibility Criteria for Startup India Registration in Maharashtra
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To qualify for Startup India Registration in Maharashtra, startups must meet these criteria:

 

Company Age: Must not be older than ten years.

 

Business Type: Must be a Private Limited Company, LLP, One-Person Company, or Partnership Firm.

 

Annual Turnover: Should not exceed ₹100 crores in any financial year.

 

Annual Turnover: Should not exceed ₹100 crores in any financial year.

 

Innovation and Scalability: The startup should focus on innovation, scalable business models, and wealth/job creation potential.

Documents Required for Startup India Registration in Maharashtra
 

Certificate of Incorporation

 

Company PAN Card

 

Directors' Aadhar & PAN cards

 

Passport-size photographs of directors

 

Company website or profile deck (if available)

 

Photos and videos of products/services

 

Authorization letter

 

Brief write-up on innovation and wealth/employment creation potential

Steps for Startup India Registration in Maharashtra

BizMantra guides you through these steps for smooth DPIIT recognition:

 

Incorporate Your Business: Ensure your business meets the eligibility criteria.

 

Create a Profile on Startup India Portal: Register with your name and mobile number. OTP verification will complete your profile.

 

Apply for DPIIT Recognition: Submit the Startup Recognition Form with your business details.

Startup India Registration Fees in Maharashtra

At BizMantra, the professional fee for securing DPIIT recognition under the Startup India Registration in Maharashtra is ₹4,999. The entire process takes about 20-25 business days.

How to Apply for Startup India Registration with BizMantra
 

Contact BizMantra via phone or email.

 

Submit the required details and documents.

 

Get DPIIT approval within 20-25 days.