Online Chartered can help you form a producers company in most convenient way.
Startup India Registration Scheme in Gujarat aims to boost innovative and talented entrepreneurs. Launched by the Government of India under the leadership of the Prime Minister, this scheme promotes and encourages startups. Eligible companies under the initiative can get recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition provides access to tax benefits, easier compliance processes, intellectual property rights (IPR) fast-tracking, and more. As per the Startup India Action Plan, startups meeting the definition under G.S.R. notification 127 (E) are eligible to apply for recognition under the program.
The company should not have been in existence or operating for more than 10 years from its date of incorporation.
The entity must be incorporated as a Private Limited Company, Registered Partnership Firm, or Limited Liability Partnership (LLP).
The annual turnover should not exceed ₹100 crore in any financial year since its incorporation.
The business must not be formed by splitting up or reconstructing an already existing business.
The entity should work towards developing or improving a product, process, or service and must have a scalable business model with high potential for wealth and employment creation.
The primary objective of this scheme is to reduce the regulatory burden on startups, enabling them to focus on their core business operations and minimize compliance costs.
Startups can self-certify compliance with nine labor laws and environmental laws. No inspections will be conducted for three years concerning labor laws.
Startups will enjoy an 80% rebate on patent application fees. While startups will bear only statutory fees, the government will cover facilitator fees. Additionally, startups will receive a 50% discount on trademark filing fees.
Startups can register through a mobile application and upload relevant documents. Single-window clearances will be provided for approvals, registrations, and compliance filings.
The program encourages research and innovation among aspiring entrepreneurs. Seven new research parks will be established to support startups in the R&D sector.
Equal opportunities are provided for startups and experienced entrepreneurs. Earlier, prior experience or turnover was mandatory, but these norms have now been relaxed for startups.
