Are you thinking of starting your own business?  Do you have a brilliant idea that will leave an indelible impression on the world if you approach it with a problem-solving mindset?

If that's the case, you're inadvertently travelling in the proper direction. Starting a business is not as straightforward as it seems. Even after doing research, planning, and raising funds, a company must go through a number of procedures in order to be legally recognised by the Indian government.

The first and most critical step is to register with Startup India Registration. Are you interested in learning more about it? We've taken care of everything, so don't be concerned.

What is the Startup Registration India Scheme, and how does it work?

After breaking off key ties with China, the government has announced the 'Startup Registration India Scheme' to promote the notion of a self-sufficient India, or 'ATMANIRBHAR BHARAT.' Companies may be designated as Startups by the DPIIT (Department for Promotion of Industry and Internal Trade) and get maximum advantages under this plan.

What are the qualifying requirements for the Startup India Registration programme?

The following are some of the prerequisites:

·      The company's originality is number one.

The firm should have a new start-up feel about it. Modifications or the creation of a new company from an existing one are not permitted.

·      The Age of the Company:

The company's age should not exceed ten years since its inception.

·      Annual turnover:

The annual turnover of the organisation shall not exceed Rs. 100 crore in any financial year.

·      The Type of Business:

A Private Limited Company Registration, a Registered Partnership, or a Liability Partnership should be used.

·      Possibility and Innovation:

The key focus of the business idea should be to contribute to development, job creation, and wealth generation in order to boost the economy.

What are the advantages of registering under the Startup India Scheme?

Another main goal of the Startup India Registration online plan is to reduce the cost of compliance and regulation (tax exemptions), enabling businesses to concentrate only on growing their core specialisation with government assistance.

Apart from that, upon identification, Startup India Portal registration is granted exemptions from six labour regulations and three environmental laws. Inspections would not be carried out for a period of up to 5 years unless a credible complaint was submitted against the firm and authorised by at least one senior official from the relevant authorities. Companies with a clean chit from the 'Central Pollution Control Board' would also be exempt from air and water inspections, with the exception of a few unusual exceptions.

NOTE: It is important to emphasise that only 'STARTUPS,' not normal profit-making companies, are free from these laws. The distinction between the two is in the purpose for which they were created.

Read More: How to Get Seed Funding for Your StartUps

Conclusion:

The new Startup India Portal Registration programme has attracted a large number of young, creative brains that want to change the world. The anxieties associated with establishing a new enterprise have been eliminated as a result of government support, and this is a clear evidence that India is steadily on its way to become a Global Superpower in every aspect via self-sufficiency and economic progress.

Registered a startup in India with Expertbells. Expertbells India-based online business services platform that provides GST registration, fssai registration, import-export code license, partnership firm registration, Udyam/MSME Registration, E-commerce Accounting, GST Tax Filing for E-commerce Businesses, and company registration in India at best prices.