May 3, 2023

IDEASINNOVATION

GROWTH

EMPLOYMENT

FUNDS

MASTER OF OWN

IPRs

PLANNING

Presented By-Mohit Singh Kharayat &

Co.,Company Secretaries

New Delhi

IDEAS

INNOVATION

PLANNING

MASTER OF OWN

EMPLOYMENT

IPRs

FUNDS

CONTENTS Introduction

Objectives

Eligibility for Start up

Sources of funding

Registration Process

Supporting documents with application

Incentives/Benefits & Advantages to startups

Opportunities

Facts

INTRODUCTION

Announced by Prime Minister Mr. Narendra Modi on 15th August, 2015.

Launched on 16th January, 2016.

It’s a support from government in implementation of ideas of the people.

Objectives

• Promote Innovation

• Make business commencing a movement

• Shift from job seeker to job creator

• Provide all facilities and support to the entrepreneur in development of their business

• Give easy excess to finance.

May 3, 2023

“I see startups, technology and innovation asexciting and effective instruments for India’s transformation.”

Shri Narendra ModiPrime Minister of India

ELIGIBILITY FOR STARTUP

Be incorporated or registered in India not prior to 5 years

Not have turnover exceeding Rs. 25 crores in any of the preceding financial years

Entity Should

Be working towards innovation, development, deployment or commercialization of new products, processes or services driven by technologies or Intellectual property

Limited liability Partner

ship

Private limited

company including

OPC

Registered partnership

firm

Forms of Entity

Note: Entity shouldn’t have been formed by splitting up or reconstruction of a business already in existence.

SOURCE OF FUNDINGFunding

Incubators Accelerators Angel Investors

Incubator is a company that helps new and startup companies to develop by providing services such as management training, office space or other equipments

Startups are given small seed investment and access to a large mentor network, in exchange for a small equity stake, generally between 2.0% to 10.0%

Angel Investors are those high net-worth individuals who invests in high potential startups at an early stage based on idea and team qualifications

In case, startup is registered under the MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT ACT, 2006, then from: • Ministry of Micro, Small And Medium Enterprise• Small Industries Corporation (NSIC)• Small Industries Development Bank of India• Mudra Bank (Micro Units Development & Refinance Agency Limited)• Other Commercial Banks

REGISTRATION PROCESS

Decide the Business involving an Innovative Idea

Take the recommendation/ letter of funding/patent

Incorporation/ Registration of Company/LLP/ Partnership

Fill the Form

Decision to be taken for granting registration by Inter-Ministerial Board

Certificate of Registration

Note: Step No. 2 and 3 can interchange also if the party chooses to open the entity first.

An application for being recognized as a startup and for availing certification should be supported by:

Note: If any recognition is found to be obtained without uploading the document or uploading any other document or a forged document, the concerned applicant shall be liable to a fine which shall be 50% of paid up capital of the start-up but shall not be less than Rupees 25,000.

SUPPORTING DOCUMENTS WITH APPLICATION:

May 3, 2023

INCENTIVES/ BENEFITS & ADVANTAGES

Incentives by RBI

Foreign venture capital able to invest into all the sectors subject to not operating in prohibited sectors.

Simplification of the process for dealing with delayed reporting of Foreign Direct Investment

Tax Incentives

Corporate tax reduction

Capital gains exemption

Incentives for ease of doing business

Incorporation & other

formalities

Self-Certification

Intellectual Property Rights

registration

Ease of winding up

OPPORTUNITIES UNDER START-UP

• DEPENDENCE ON IMPORTS India is highly dependent on Imported goods and services, therfore, start ups can take this

opporunity to develop those products locally.

• LARGE MARKET India with over a billion people, present a very large home market for any goods and services.

• FAVOURABLE ENVIRONMENT Presently every department of Government is favouring and encouraging the start ups with the

various incentives and opportunities.

• INDUSTRY WISE OPPOTUNITY It is estimated that the defence , Automobile, IT sector, Pharmasuitical, electronic industies will

grow with 2 digit growth rate.

• EASY AVAILABILTY OF FUNDS If you have the workable idea, then it is easier to raise the fund from the market and to take

funding and incentives from the governoment. • EASY ACCESSABILITY TO IPR Among the vaious incentioves, the startups are given an opportunity to register the IPRs at a

faster and cheaper rates.

Did you know ?

Cygni Energy Private Limited, Hyderabad was the first company to be recognised by the government as start up on their first meeting on May 16, 2016.

As on September 01, 2016- 302 entities have been recognised as start ups.

New class of Industries introduced- White Industries, will not require environmental clearance.

Norms have been relaxed for public procurement by small industries.

A 'fund of funds' of INR 10,000 crores for Startups has been established which shall be managed by SIDBI

What are you waiting for ?

STAND UP

START UP

LETS RISE TOGETHER

For any Query

CS Mohit Singh KharayatACS, LLB, B. Com

Contact No.: +91-8447879875; 9557836496Mail: pcs.mohitsingh@gmail.com

pcs.mohitsingh@outlook.com

Facebook Page: @mskcofficialYouTube: CS Mohit Singh Kharyat

Office: MB-163, Near Aggarwal Bhawan,Nirman Vihar,

New Delhi- 110 092

Thank You