#dpiit recognition

[jaagrukbharat]

The Guide to Apply Your Startup for DPIIT Recognition

India is ranked the first most populous country with 1.45 billion people and that means we have 1.45 billion minds continuously and consistently innovating and making the country climb the ladder of development and growth and one of the sectors that contributes to a greater extent to this growth is startups. The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised over 127,000 startups in its report published in April 2024 which suggests the magnified contribution it serves to India’s Gross Domestic Product (GDP). https://www.jaagrukbharat.com/the-guide-to-apply-your-startup-for-dpiit-recognition-MTIyNg==

[setupfiling]

Class 3 DSC (Digital Signature Certificate)

[digitindus]

DigitIndus Technologies Private Limited

DigitIndus Technologies Private Limited is one of the best emerging Digital Marketing and IT Company in Tricity (Mohali, Chandigarh, and Panchkula). We provide cost effective solutions to grow your business. DigitIndus Technologies provides Digital Marketing, Web Designing, Web Development, Mobile Development, Training and Internships

Digital Marketing, Mobile Development, Web Development, website development, software development, Internship, internship with stipend, Six Months Industrial Training, Three Weeks industrial Training, HR Internship, CRM, ERP, PHP Training, SEO Training, Graphics Designing, Machine Learning, Data Science Training, Web Development, data science with python, machine learning with python, MERN Stack training, MEAN Stack training, logo designing, android development, android training, IT consultancy, Business Consultancy, Full Stack training, IOT training, Java Training, NODE JS training, React Native, HR Internship, Salesforce, DevOps, certificates for training, certification courses, Best six months training in chandigarh,Best six months training in mohali, training institute 

Certification of Recognition by StartupIndia-Government of India

DigitIndus Technologies Private Limited incorporated as a Private Limited Company on 10-01-2024, is recognized as a startup by the Department for Promotion of Industry and Internal Trade. The startup is working in 'IT Services' Industry and 'Web Development' sector. DPIIT No: DIPP156716

Services Offered

Mobile Application Development

Software development

Digital Marketing

Internet Branding

Web Development

Website development

Graphics Designing

Salesforce development

Six months Internships with job opportunities

Six Months Industrial Training 

Six weeks Industrial Training

ERP development

IT consultancy

Business consultancy

Logo designing

Full stack development

IOT

Certification courses

Technical Training

[darpanregistration-01]

Startup India Registration Process in Delhi

The Startup India Registration Process in Delhi is part of the nationwide Startup India certificate launched to encourage entrepreneurship. The process is simple and can be done online through the Startup India Portal and the Delhi Startup Cell. Here’s an overview of the process:

Eligibility: Your business must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership. The turnover should not exceed ₹100 crore in any financial year, and the business should focus on innovation or improvement of products or services. Additionally, the company must be less than 10 years old.

Register Online:

Startup India Portal: Go to Startup India and create an account.

Fill out the Startup Registration form with details such as your business name, incorporation date, sector, and description of the innovative product or service.

Upload required documents including the Certificate of Incorporation, PAN card, and business description.

Startup Registration in Delhi : In addition to registering on the national portal, you must also register with the Delhi Startup Cell for state-specific benefits.

Documents Required:

Certificate of Incorporation or Partnership Deed

PAN Card

Business Description

Proof of Innovation (e.g., patent or prototype)

Approval and Recognition: Once your application is submitted, it will be reviewed by the Department for Promotion of Industry and Internal Trade (DPIIT). Upon approval, you will receive the Startup India Certificate.

Cost: The registration fee ranges from ₹11,798 to ₹2,31,032 depending on the type of registration.

By registering under Startup India in delhi , entrepreneurs can take advantage of both central and state-level resources to fuel growth and innovation.

[ishan3652]

Startup India Registration Process in karnataka

The Startup India Registration Process in Karnataka is part of the nationwide Startup India certificate launched to encourage entrepreneurship. The process is simple and can be done online through the Startup India Portal and the Karnataka Startup Cell. Here's an overview of the process:

Eligibility: Your business must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership. The turnover should not exceed ₹100 crore in any financial year, and the business should focus on innovation or improvement of products or services. Additionally, the company must be less than 10 years old.

Register Online:

Startup India Portal: Go to Startup India and create an account.

Fill out the Startup Registration form with details such as your business name, incorporation date, sector, and description of the innovative product or service.

Upload required documents including the Certificate of Incorporation, PAN card, and business description.

Startup Registration in Karnataka: In addition to registering on the national portal, you must also register with the Karnataka Startup Cell for state-specific benefits. Visit the Karnataka Startup Portal to register and avail of local incentives and subsidies.

Documents Required:

Certificate of Incorporation or Partnership Deed

PAN Card

Business Description

Proof of Innovation (e.g., patent or prototype)

Approval and Recognition: Once your application is submitted, it will be reviewed by the Department for Promotion of Industry and Internal Trade (DPIIT). Upon approval, you will receive the Startup India Certificate.

Cost: The registration fee ranges from ₹11,798 to ₹2,31,032 depending on the type of registration.

By registering under Startup India in Karnataka, entrepreneurs can take advantage of both central and state-level resources to fuel growth and innovation.

[corporatemitra]

Startups DPIIT Registration: A Complete Guide

Starting a business is an exhilarating journey, filled with opportunities and challenges. For startups, navigating the complexities of registration and compliance can be a daunting task. Thankfully, the Department for Promotion of Industry and Internal Trade (DPIIT) offers a streamlined DPIIT registration process to support and encourage entrepreneurship in India. In this blog, we will delve into the details of Startups DPIIT Registration, its benefits, eligibility criteria, process, and the critical role played by platforms like Corporate Mitra in making this process seamless.

What is DPIIT Registration?

DPIIT Registration is an initiative by the Government of India to recognize and support startups under the Startup India campaign. This recognition offers startups numerous benefits, including tax exemptions, intellectual property support, and access to government schemes, helping them thrive in a competitive market.

Why is DPIIT Registration Important for Startups?

Here are some compelling reasons why DPIIT registration is crucial for startups:

Tax Benefits:

Startups recognized under DPIIT can avail of income tax exemptions for three consecutive financial years.

Exemption from the Angel Tax under Section 56 of the Income Tax Act.

Ease of Compliance:

Recognized startups enjoy simplified compliance procedures for labor and environmental laws.

Funding Opportunities:

Access to the Startup India Seed Fund Scheme and other government funding opportunities.

Networking and Collaboration:

DPIIT-recognized startups gain exposure through government-hosted startup events, workshops, and summits.

Government Tenders:

Easier participation in government tenders with no requirement for prior experience or turnover.

IPR Support:

Fast-tracked patent application processes and a rebate on patent filing fees.

Eligibility Criteria for DPIIT Registration

To qualify for DPIIT registration, a business must meet the following criteria:

Nature of the Entity:

The business must be registered as a Private Limited Company, a Partnership Firm, or a Limited Liability Partnership (LLP).

Age of the Entity:

The entity should not be older than 10 years from its date of incorporation.

Annual Turnover:

The turnover should not exceed INR 100 crores in any financial year.

Innovation and Scalability:

The business must work on innovation, development, or improvement of products/services or processes and should have high potential for employment generation or wealth creation.

No Splitting or Reconstruction:

The business should not be formed by splitting up or reconstructing an existing entity.

Step-by-Step Process for DPIIT Registration

Follow these steps to complete your DPIIT registration:

Step 1: Incorporate Your Entity

Ensure your business is registered as a Private Limited Company, Partnership Firm, or LLP. Obtain the necessary incorporation certificates and statutory documents.

Step 2: Create an Account on Startup India Portal

Visit the Startup India website.

Click on “Register” and fill in the required details to create an account.

Step 3: Fill in the DPIIT Registration Form

Log in to your Startup India account and navigate to the DPIIT Recognition section. Provide details such as:

Business name and address.

Directors/Partners details.

Industry and sector of operation.

A brief description of your business model.

Step 4: Upload Supporting Documents

Upload the following documents to complete your application:

Certificate of Incorporation or Partnership Deed.

PAN card of the entity.

A detailed write-up on the nature of your business and its innovation quotient.

Annual accounts and IT returns, if applicable.

Step 5: Declaration and Submission

Sign the declaration stating that the entity meets the eligibility criteria for DPIIT registration and submit the application.

Step 6: Verification and Approval

The DPIIT team will review your application and supporting documents. Once approved, you will receive a Certificate of Recognition.

Common Challenges During DPIIT Registration

While the process is straightforward, startups often face the following challenges:

Document Errors:

Incorrect or incomplete documentation can lead to delays or rejection.

Understanding Eligibility:

Misinterpreting the eligibility criteria may result in application denial.

Technical Issues:

Errors on the Startup India portal can complicate the submission process.

This is where expert assistance from platforms like Corporate Mitra becomes invaluable.

How Corporate Mitra Simplifies DPIIT Registration

Corporate Mitra is a trusted partner for startups, offering end-to-end assistance in DPIIT registration. Here’s how they can help:

Expert Guidance:

Corporate Mitra’s experts ensure your application meets all the requirements and is free of errors.

Document Assistance:

They assist in preparing and reviewing the necessary documents for a hassle-free submission.

Timely Updates:

Stay informed about the progress of your application with regular updates.

Post-Approval Support:

Corporate Mitra provides guidance on leveraging the benefits of DPIIT recognition.

FAQs on DPIIT Registration

1. Is DPIIT Registration Mandatory for Startups?

No, DPIIT registration is not mandatory but is highly recommended for startups to access government benefits and incentives.

2. How Long Does the DPIIT Registration Process Take?

The process typically takes 2-3 weeks, provided all documents are in order.

3. Can an Existing Business Apply for DPIIT Registration?

Yes, as long as the business meets the eligibility criteria, it can apply for DPIIT recognition.

4. Is There Any Fee for DPIIT Registration?

No, the DPIIT registration process is entirely free of cost.

5. What Happens After DPIIT Approval?

After receiving DPIIT recognition, startups can avail of tax benefits, participate in government tenders, and access funding opportunities.

Conclusion

Startups DPIIT Registration is a game-changer for emerging businesses in India, opening doors to numerous benefits and opportunities. By ensuring compliance and leveraging the advantages of government initiatives, startups can accelerate their growth and establish themselves in the market. With the support of experts like Corporate Mitra, the registration process becomes a hassle-free experience, allowing entrepreneurs to focus on building their dream ventures.

Embark on your journey of innovation and growth with DPIIT registration today! For personalized assistance, reach out to Corporate Mitra and unlock the full potential of your startup.

Reference By - https://corporatemitra.wordpress.com/2024/12/21/startups-dpiit-registration-a-complete-guide/

[lakhanifinancialservice]

How Startup India Seed Fund Scheme Consultants Can Help You Secure Funding for Your Startup

Title: How Startup India Seed Fund Scheme Consultants Can Help You Secure Funding for Your Startup

India’s entrepreneurial ecosystem has witnessed an impressive surge in recent years, with the government rolling out various initiatives to support startups and promote innovation. One such initiative is the Startup India Seed Fund Scheme. This scheme aims to provide critical financial assistance to early-stage startups that require seed funding to develop their products and services, conduct market research, or build a scalable business model.

While this scheme presents a golden opportunity for entrepreneurs, the process of applying for and securing seed funding can be complex and competitive. This is where Startup India Seed Fund Scheme consultants step in. These experts can help guide your startup through every step of the application process, increasing your chances of success and ensuring that your business gets the financial support it needs. In this blog, we will explore the benefits of this scheme, how consultants can assist, and why enlisting their help is crucial for securing funding.

1. What is the Startup India Seed Fund Scheme?

The Startup India Seed Fund Scheme was launched by the Indian government as part of its broader Startup India initiative. This scheme is designed to provide seed capital to early-stage startups, enabling them to scale their operations and reach their growth potential.

The funding provided under this scheme can range from INR 10 lakh to INR 5 crore, depending on the specific needs of the startup. The fund is intended for startups that are focused on developing innovative products or services with the potential for commercialization.

The types of expenses the seed fund can cover include:

Product development and prototype building

Conducting market studies and validation

Intellectual property (IP) development

Marketing and business expansion

The Startup India Seed Fund Scheme is a great way to give your startup the boost it needs to transition from the idea phase to actual market entry. However, the application process can be daunting, which is why many entrepreneurs turn to consultants who specialize in this area.

2. Eligibility Criteria for the Startup India Seed Fund Scheme

To qualify for the Startup India Seed Fund Scheme, startups must meet specific eligibility criteria. These are set by the Department for Promotion of Industry and Internal Trade (DPIIT) to ensure that the funding goes to truly innovative and high-potential startups.

Here are the key eligibility requirements:

DPIIT Recognition: The startup must be recognized by the DPIIT. This is a crucial step in the application process.

Age of the Startup: The business should be no older than five years from the date of incorporation.

Innovation and Scalability: The startup should be working on innovative products or services that have the potential for scalability.

Type of Entity: The startup must be incorporated as a private limited company, LLP (Limited Liability Partnership), or a partnership firm.

Funding Limitations: The startup must not have raised more than INR 10 crore in funding from any other government scheme or external sources.

If your startup fits these criteria, it is eligible to apply for the Startup India Seed Fund Scheme. However, the competition for this funding is fierce, and the application process requires careful preparation and strategic planning, which is why Startup India Seed Fund Scheme consultants play such an important role.

3. The Role of Startup India Seed Fund Scheme Consultants

While applying for the Startup India Seed Fund Scheme may seem straightforward, the process is often more complex than it appears. Startups need to prepare a compelling application, create a robust business plan, and ensure that all required documentation is in place. This is where consultants specializing in the Startup India Seed Fund Scheme can add significant value. Here’s how:

a. Eligibility Evaluation and Strategy Development

Before even starting the application process, consultants help startups evaluate whether they meet the eligibility criteria. If there are any gaps, consultants guide entrepreneurs on how to meet those requirements, such as obtaining DPIIT recognition or refining the business model. Furthermore, consultants assist in formulating a strategy for using the seed fund, which ensures that the application is aligned with the startup’s long-term vision and funding requirements.

b. Business Plan and Documentation Assistance

A solid business plan is the backbone of any successful funding application. Startup India Seed Fund Scheme consultants help startups craft a detailed and professional business plan that clearly demonstrates the innovation and scalability of the business. They also assist in preparing all the necessary documentation, including financial statements, tax records, IP details, and other essential documents that need to be submitted with the application.

c. Crafting a Convincing Pitch

Once your business plan is ready, the next step is to create a pitch that will catch the attention of the funding body. Consultants play a key role in refining the pitch to make it clear, concise, and persuasive. They help you articulate the problem your startup solves, the market opportunity, the product’s unique value proposition, and how the funds will be used to drive growth.

d. Navigating the Application Process

The application process for the Startup India Seed Fund Scheme involves multiple steps, including filling out forms, submitting documents, and responding to queries from the funding agency. Consultants ensure that everything is completed accurately and within the required deadlines. They also assist in following up with the relevant authorities to ensure the application is progressing smoothly and that any additional information requested is provided on time.

e. Post-Funding Support

Securing seed funding is just the first step. Consultants can also provide valuable guidance on how to effectively use the funds to scale your startup. They offer ongoing support in areas such as operations management, business strategy, team expansion, and marketing. Their expertise helps startups maximize the impact of the seed funding and increase their chances of long-term success.

4. Why Should You Hire a Consultant for the Startup India Seed Fund Scheme?

While it’s possible to apply for the Startup India Seed Fund Scheme independently, hiring a consultant can provide several advantages:

a. Expert Knowledge

Consultants who specialize in the Startup India Seed Fund Scheme have an in-depth understanding of the funding process, eligibility criteria, and documentation requirements. Their expertise significantly improves the chances of a successful application.

b. Time and Effort Savings

The process of preparing a funding application, crafting a business plan, and gathering the necessary documentation is time-consuming. By hiring a consultant, you can focus on other important aspects of your startup while the consultant handles the intricacies of the application process.

c. Increased Funding Potential

A well-prepared application, business plan, and pitch are key to getting noticed by funding agencies. Consultants can ensure that your startup’s application is polished and compelling, which increases the likelihood of securing seed funding.

d. Access to a Network of Industry Professionals

Many consultants have valuable connections with investors, government agencies, and other key players in the startup ecosystem. These networks can provide additional opportunities for funding, partnerships, and mentorship.

5. How to Choose the Right Consultant for the Startup India Seed Fund Scheme

When selecting a consultant, consider the following factors:

Experience: Choose a consultant with a proven track record of helping startups secure funding through the Startup India Seed Fund Scheme or similar government schemes.

Expertise in Your Industry: Consultants with experience in your industry will have a better understanding of your business and its potential challenges and opportunities.

Client Testimonials: Look for testimonials, case studies, or reviews from previous clients to gauge the consultant’s effectiveness.

Transparent Fees: Ensure that the consultant’s fees are clear and reasonable. Avoid consultants with hidden charges or unclear terms.

6. Conclusion

The Startup India Seed Fund Scheme is a fantastic opportunity for early-stage startups to access the capital needed to scale their businesses. However, applying for seed funding is a competitive and complex process that requires careful planning and preparation. Startup India Seed Fund Scheme consultants can provide invaluable support throughout the application process, increasing your chances of securing funding and helping you achieve your startup’s growth objectives.

By working with a qualified consultant, you can ensure that your application stands out, your business plan is comprehensive, and your startup receives the financial backing it needs to thrive. If you're looking to apply for the Startup India Seed Fund Scheme, consider partnering with an expert consultant who can help you unlock the funding opportunities that will drive your business forward.

[news365timesindia]

[ad_1] GG News Bureau New Delhi, 28th Nov. The historic 43rd edition of the India International Trade Fair (IITF) concluded on November 27, 2024, marking the end of an exciting and productive event. More than one million visitors attended the fair, according to Shri Premjit Lal, Executive Director of India Trade Promotion Organisation (ITPO). He highlighted the significant business opportunities generated during the event and praised the extensive media coverage across both print and social media platforms. Award Winners Recognized for Excellence The IITF 2024 saw several states, foreign pavilions, and organizations being honored for their contributions. In the States and Union Territories category, Puducherry clinched the Gold Medal, while Meghalaya and Karnataka received Silver and Bronze, respectively. Special Appreciation Certificates were awarded to Punjab, West Bengal, and Tripura. For Thematic Presentation by States, Madhya Pradesh bagged the Gold, Odisha received the Silver, and Assam won the Bronze. Special Commendations went to Maharashtra, Punjab, and Tamil Nadu. The fair also placed a strong emphasis on cleanliness, celebrating the Swachh Bharat Abhiyaan. In recognition of this, the Swachh Pavilion awards were given to Goa (Gold), Kerala (Silver), Haryana (Bronze), with Uttarakhand and Gujarat receiving Commendations. International Participation Shines In the Foreign Pavilions category, the Embassy of the Republic of Tunisia took home the Gold Medal, while Egypt (Milano Bazar) earned Silver, and Turkey (Tillo Hediyelik Eşya Sanayi Ticaret Ltd. Şirketi) and Thailand (Thai SMEs Exporter Association) secured Bronze. Excellence in Public and Private Sector In the Ministries, PSUs, and Public Sector Banks category, the Reserve Bank of India (RBI) won the Gold Medal, Punjab National Bank (PNB) took Silver, and State Bank of India (SBI) received the Bronze. Special Appreciation Certificates were presented to Coal India Limited and Central Bank of India. For the Empowering India category, the Ministry of Rural Development (SARAS) won Gold, Khadi and Village Industries Commission (KVIC) earned Silver, and the Ministry of MSME along with the Ministry of Panchayati Raj took Bronze. Special Commendations were awarded to Pt. Deendayal Upadhyaya Institute for Persons with Physical Disability and DPIIT. In the Private Sector category, Jina Ranjit and Sons LLP won Gold, The Supreme Industries Limited (Supreme Furniture) earned Silver, and Ananda Dairy Limited secured Bronze. Special Commendations were given to Mittal Electronics (Sujata), Hamdard Foods India, and Romana Herbal Care Pvt. Ltd. (Rosa, Hychating Mist). Acknowledgments and Closing Remarks Shri Premjit Lal congratulated all the award winners and appreciated the participants and visitors for their unwavering support. He also extended gratitude to Delhi Police and other law enforcement agencies for ensuring the event ran smoothly without incidents. The 43rd IITF concluded on a positive note, having provided a platform for diverse sectors to showcase their innovations and build new business opportunities. The post Curtains Drawn on 43rd Edition of India International Trade Fair appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau New Delhi, 28th Nov. The historic 43rd edition of the India International Trade Fair (IITF) concluded on November 27, 2024, marking the end of an exciting and productive event. More than one million visitors attended the fair, according to Shri Premjit Lal, Executive Director of India Trade Promotion Organisation (ITPO). He highlighted the significant business opportunities generated during the event and praised the extensive media coverage across both print and social media platforms. Award Winners Recognized for Excellence The IITF 2024 saw several states, foreign pavilions, and organizations being honored for their contributions. In the States and Union Territories category, Puducherry clinched the Gold Medal, while Meghalaya and Karnataka received Silver and Bronze, respectively. Special Appreciation Certificates were awarded to Punjab, West Bengal, and Tripura. For Thematic Presentation by States, Madhya Pradesh bagged the Gold, Odisha received the Silver, and Assam won the Bronze. Special Commendations went to Maharashtra, Punjab, and Tamil Nadu. The fair also placed a strong emphasis on cleanliness, celebrating the Swachh Bharat Abhiyaan. In recognition of this, the Swachh Pavilion awards were given to Goa (Gold), Kerala (Silver), Haryana (Bronze), with Uttarakhand and Gujarat receiving Commendations. International Participation Shines In the Foreign Pavilions category, the Embassy of the Republic of Tunisia took home the Gold Medal, while Egypt (Milano Bazar) earned Silver, and Turkey (Tillo Hediyelik Eşya Sanayi Ticaret Ltd. Şirketi) and Thailand (Thai SMEs Exporter Association) secured Bronze. Excellence in Public and Private Sector In the Ministries, PSUs, and Public Sector Banks category, the Reserve Bank of India (RBI) won the Gold Medal, Punjab National Bank (PNB) took Silver, and State Bank of India (SBI) received the Bronze. Special Appreciation Certificates were presented to Coal India Limited and Central Bank of India. For the Empowering India category, the Ministry of Rural Development (SARAS) won Gold, Khadi and Village Industries Commission (KVIC) earned Silver, and the Ministry of MSME along with the Ministry of Panchayati Raj took Bronze. Special Commendations were awarded to Pt. Deendayal Upadhyaya Institute for Persons with Physical Disability and DPIIT. In the Private Sector category, Jina Ranjit and Sons LLP won Gold, The Supreme Industries Limited (Supreme Furniture) earned Silver, and Ananda Dairy Limited secured Bronze. Special Commendations were given to Mittal Electronics (Sujata), Hamdard Foods India, and Romana Herbal Care Pvt. Ltd. (Rosa, Hychating Mist). Acknowledgments and Closing Remarks Shri Premjit Lal congratulated all the award winners and appreciated the participants and visitors for their unwavering support. He also extended gratitude to Delhi Police and other law enforcement agencies for ensuring the event ran smoothly without incidents. The 43rd IITF concluded on a positive note, having provided a platform for diverse sectors to showcase their innovations and build new business opportunities. The post Curtains Drawn on 43rd Edition of India International Trade Fair appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[explorebusiness]

Document Checklist for GeM Registration: A Complete Step-by-Step Guide for Businesses

Introduction:

GeM the short form of Government e-marketplace is the electronic marketplace that was prepared by the Government of India to make procurement easier for public buyers as well as for registered sellers. Today, GeM has evolved as an alternative platform wherein vendors, suppliers, and business houses can sell their goods directly to government organizations. GeM registration will open up all those potential business opportunities which could make your business viable whether you are a seller or a buyer. Here is a complete checklist of the document for GeM registration, which would help in knowing the whole process and what kind of requirements are there for a smooth registration process.

1.Benefits of GeM Registration for Sellers:

• This will open access to a large government procurement market.

• GeM registration with Government Buyers with increased transparency.

• All tender and order processes also smoothen out

• Swifter payment cycles besides an administrative cost cut down.

• Direct as well as long-term contracts too to come out.

2. What is registrable on GeM?

Registration in GeM can be carried out by any Indian organization. These are -

Proprietary firm

• Partnership firm

• LLP

• Private and public limited companies

• Registered societies and trusts

• Startups and MSMEs

All of them can be an entrepreneur, service provider, or product seller. Now it is your turn to know what are those documents required for GeM Registration to make the process of registration smooth and without any hassle.

3. Documentary Checklist for GeM Registration:

Depending on the business entity type, the list of documents to be generated for GeM registration differs. This checklist further elaborates and sub-categorizes the kind of registrations.

A. For Individual Sellers /Proprietorship Firms

1. Aadhaar Card or PAN Card -Identity and address proof of person or Proprietor

2. Address proofs: Utility bills, bank statements, etc are valid address-related proofs for his/her case.

3. Bank Account details -Cancelled cheque or bank passbook.

4. Income Tax Returns: As a proof of income

5. Business Profile/Experience: Experiences in previous assignments or work with government or private organization

B. Documents required for Partnership Firms:

1. Photocopy of the partnership deed.

2. PAN Card of the Firm: PAN Card of the Organization

3. Address Proof: Electricity bill or office address on a lease agreement

4. Bank Account Details: Cancelled cheque or bank account statement

5. Registration Certificate: For the companies falling under the Indian Partnership Act.

C. Private Company and LLP Documents

1. Incorporation Certificate: RoC

2. MoA & AoA: Company incorporation documents

3. Company PAN Card: For identification purposes and tax purposes.

4. ID Proof of Signatory: Aadhaar/PAN of the authorized signatory.

5. Bank Details: Cancelled cheque or bank statement of the company's account.

6. GST Registration Certificate: Proof of the company's registration in India under the GST.

D. MSME, Start-Ups, Others

1. Udyam Registration Certificate: Udyam Registered.

2. DPIIT Recognition Certificate: Classified as a start-up.

3. Registration Certificate: Societies, trusts, or any other form of registered body.

4. Financial Statements: Balance sheet and income statement of previous two years,

4. Registration Procedure on GeM Portal: Step-by-Step Guideline

Once you have all the documentation available, if needed, begin getting registered there at GeM with the following steps :

1. GeM Portal: Log into the GeM official website and proceed with 'Seller Registration.'

2. Basic Information: Fill up your business name, address, e-mail id, and contact number.

3. Attachments of documents; attach the documents against checklists. Attachments in pdf and not more in size as prescribed.

4. Verification Process: It will verify all data/information concerning a particular company. Once GeM is done with its processes, then you qualify for inclusion.

5. Items Under Product/Service: The same shall be made available to a Government buyer once it's registered.

This is a straightforward process wherein registering with GeM will become pretty easy for the vendor; he would have thousands of procurements made by the government and available to him easily.

5. Some Common Mistakes To Avoid in GeM Registration

1. If any inappropriate information is related to the business or the submission of old documents, then time delay will take place in the process.

2. All the documents are prepared well in advance before applying for registration so there is no hassle at the last moment.

3. GST Registration Not Done: Sellers need to sell taxpaid goods and services. Sellers must at all times get registered under GST.

4. No updation: Update your GeM profile with all changes in the details of your business so the company does not fall short on the compliance aspect of GeM policies.

6. Conclusion: Streamline the GeM Registration Process

Register on a Government e-marketplace and thereby elevate your business substantially by getting an array of government buyers into your account. Once the company is suitably equipped with the knowledge of the checklist for registering through the document of GeM, then smooth sailing for the company and tapping into the available opportunities of GeM should be possible. An MSME is either new or old, and GeM may push it to sell more and increase profit volumes.

Apply now in just one click here Seller on GeM: Apply - Know how to register as a seller here today get expert support and makes the journey to onboard smooth and without hurdles.

[setupfiling]

Income Tax Return Filing for the Last 3 Years under Section 139(8A)

Setupfiling.in is an online leading platform that provide #Business Registration, #GST Registration, #Trademark Registration, #DPIIT Recognition, #Project report Preparation, #Income Tax Return Filing and Other #tax compliance services. At setupfiling.in, Entrepreneurs and their Families can avail all CA, CS and Legal work under one platform. Visit us www.setupfiling.in or Contact Us +91 9818209246

[dhananjaya04]

Small Business Franchises with Low Investment: Affordable Opportunities for New Entrepreneurs

“India’s startup economy has been growing since 2016 with businesses mushrooming rapidly across the country. As of April 2024, over 127 thousand startups had been officially recognised by the Department for Promotion of Industry and Internal Trade (DPIIT).” Source

With the startup market booming in India, people are now looking for safe business ideas. However, the fear of high initial costs, lack of brand recognition, and the risk of failure often discourage people from pursuing their entrepreneurial dreams. 

What’s the alternative?—small business franchises in India with low initial investment. These franchises provide an affordable entry point into the business world and are an excellent option for those looking to start their journey with a proven business model.

What Makes a Franchise Low Investment?

A low-investment franchise typically requires a lower upfront capital compared to traditional franchises or independent business ventures. Factors contributing to a low investment include:

Lower Franchise Fees: The initial franchise fee is relatively modest.

Reduced Royalty Payments: Lower ongoing royalty payments or a flat fee structure.

Minimal Overhead Costs: Businesses that do not require large physical spaces or extensive inventory.

Home-Based Opportunities: Franchises that can be operated from home or a small office.

Popular Low-Investment Franchise Options

Toy Store Franchises

Among the low-investment franchise options, a toy store franchise like Khilonewala stands out for its unique business model and affordability. Khilonewala, India's first toy library franchise, provides an innovative approach to the toy industry by offering toys on a rental basis. This model not only reduces the financial burden on customers but also presents an attractive opportunity for franchisees. Here’s why:

Innovative Model: Khilonewala operates on a toy rental basis, reducing costs for customers and offering a unique business model.

Affordable Startup: With a low initial investment, franchisees can start small, often from home or a modest space.

Established Brand: Benefit from Khilonewala’s brand recognition and customer trust in the toy industry.

Support and Training: Receive comprehensive support and training to streamline operations and ensure success.

Growing Market: Tap into the expanding market of parents looking for cost-effective and sustainable toy solutions.

Food and Beverage Franchises

The food and beverage industry offers several low investment options, especially for smaller, niche concepts. Coffee kiosks, such as Café Coffee Day’s Express outlets, provide mobile or kiosk-based coffee services that require a lower initial investment compared to full-scale cafes. Similarly, snack and beverage kiosks like Wow! Momo or The Juice Lounge offer affordable franchise opportunities, particularly in mall or kiosk formats. These options allow entrepreneurs to enter the industry with minimal capital while tapping into the growing demand for convenient food and beverage solutions.

Home-Based Franchises

Home-based franchises provide a cost-effective way for entrepreneurs to start a business from their own space, eliminating the need for a physical storefront and reducing overhead expenses. For instance, digital marketing franchises such as Digikull or The Growth Coach enable you to manage operations from home with minimal investment in technology and training. Additionally, personal service franchises like PetSutra or Portea, which offer services such as pet sitting or senior care, can be efficiently run from home or with a small team, making them ideal for those seeking a flexible and low-cost business model.

Health and Wellness Franchises

The health and wellness sector offers various low-cost franchise opportunities. Fitness studios, which focus on specialised workouts and personal training, provide an affordable entry point with initial costs lower than full-scale gyms. Similarly, health food franchises emphasise nutritious eating with smaller, manageable setups, catering to the growing demand for convenient, healthy meal options. These options allow entrepreneurs to enter the industry with reduced capital investment while addressing the wellness needs of their communities.

Educational Franchises

Educational franchises provide cost-effective opportunities for entrepreneurs, serving parents and children. Early childhood education franchises, such as Kidzee and EuroKids, offer essential learning experiences with minimal setup costs.

Exploring low-investment franchise options can be an excellent way to start your entrepreneurial journey without overwhelming financial commitments. Whether you’re interested in a service-based franchise, a retail or food concept, or a home-based opportunity, there are numerous affordable franchises available. By selecting a franchise that aligns with your interests and budget, you can leverage a proven business model while minimizing risk. As you embark on this exciting path, careful research and due diligence will be key to finding the perfect franchise opportunity to suit your goals and aspirations.

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Startup India Registration Process in Maharashtra

The Startup India Registration Process in Maharashtra is part of the nationwide Startup India  certificate  launched to encourage entrepreneurship. The process is simple and can be done online through the Startup India Portal and the Maharashtra Startup Cell. Here's an overview of the process:

Eligibility: Your business must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Partnership. The turnover should not exceed ₹100 crore in any financial year, and the business should focus on innovation or improvement of products or services. Additionally, the company must be less than 10 years old.

Register Online:

Startup India Portal: Go to Startup India and create an account.

Fill out the Startup Registration form with details such as your business name, incorporation date, sector, and description of the innovative product or service.

Upload required documents including the Certificate of Incorporation, PAN card, and business description.

 Startup Registration in Maharashtra : In addition to registering on the national portal, you must also register with the Maharashtra Startup Cell for state-specific benefits.

Documents Required:

Certificate of Incorporation or Partnership Deed

PAN Card

Business Description

Proof of Innovation (e.g., patent or prototype)

Approval and Recognition: Once your application is submitted, it will be reviewed by the Department for Promotion of Industry and Internal Trade (DPIIT). Upon approval, you will receive the Startup India Certificate.

Cost: The registration fee ranges from ₹11,798 to ₹2,31,032 depending on the type of registration.

By registering under Startup India in Maharashtra , entrepreneurs can take advantage of both central and state-level resources to fuel growth and innovation.

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Private Limited Company Registration In India

Your dream to start a business in India can't come to realization if you don't have a proper business entity to support it. A private limited company is India's most prominent form of business entity. From veterans to novices, from budding start-ups to established entrepreneurs, and from north India to south India, it is considered the best business entity.

In order to start your business with such an entity, you must go through four simple steps. The first step is to obtain the DSC signature, and the second is to apply for the Director Identification Number. Third, get name approval and fill SPICe+ form and lastly obtain PAN and TAN number.

One Person Company Registration

An OPC or One Person Company is a business format where a single person owns the company. There is no more than a single director or more than a single member. Being a single-handled company, an OPC is easy to manage. If you are an entrepreneur who seeks singular success, you can register as an OPC in India.

The definition of a One Person Company is explained in Sub Section 62 of Section 3 of the Companies Act, 2013, which states: “One Person Company means a company which features only one Member.” Therefore, unlike a Private Limited Company, this single company registration of a single owner doesn’t need a minimum of two directors. However, like a private limited company, the online One Person Company Registration in India does provide you with Limited Liability.

The process of company registration in India is simple and includes fewer steps. Apply for DSC and DIN, then send the name of the company for approval, collect all the documents, and file the form on the MCA website if the authority found the application and documents correct, then it provides you a status of One Person Company.

Nidhi Company Registration In India

Nidhi Company is a business entity in India governed under the Companies Act 2013. Its sole objective is to engage with thrift and savings among its members. A Nidhi Company is a Non-Banking Financial Institute that exclusively provides services like lending and deposits to its members. Therefore, it can be said a Nidhi Company in India only consists of funding from its members and shareholders.

Starting a Nidhi Company in India means starting a Non-Banking Financial Companies class. They are governed by the Reserve Bank of India. This body tells the registered Nidhi Company guidelines about lending and depositing activities. However, Nidhi Companies can only deal with their members. Therefore outside members are not allowed.

Startup Registration In India

In the initial days of the company, it is called a Startup. By starting a company in India, you take your first step in the business world. After setting up a company it comes under the category of startup for 10 years. To get the recognition, you must complete the startup registration.

In the process of registration, the government of India is helping businesses to grow. These schemes have many benefits and to take these benefits, the startup needs to register under the Department of Industrial Policy and Promotion (DPIIT). The startup businesses must fulfil the eligibility to obtain the certificate of a startup business.

Public Limited Company Registration In India

A Public Limited Company should be the preferred business choice in India if you plan to raise funds from the general public through Initial Public Offering (“IPO”) because public limited companies have been privileged under Securities Laws to access the capital market.

Sole Proprietorship Registration, Eligibility And Process

A sole proprietorship in India is the most popular form of business structure for micro and small businesses operating in the unorganized sectors due to its simplicity, ease of information access, and nominal cost. Because of these factors, single owners are going for sole proprietorship registration in India.

The sole owners are liable for all the business debts and have unlimited liability. So, their business and personal assets are at risk. getting a certificate of incorporation for sole Proprietorship is a good idea. However, obtaining a certificate of sole Proprietorship is generally unsuitable for medium and large-scale businesses due to the array of disadvantages like unlimited liability, no separate legal entity, non-transferability, and limited company life.

Company Partnership Registration In India

Partnership registration in India involves the legal process of establishing a partnership firm under the Indian Partnership Act, 1932. This process ensures that the partnership is legally recognized and the partners' rights and obligations are clearly defined. A partnership firm is a business entity where two or more individuals agree to operate a business together, sharing profits and losses according to the terms of their partnership agreement.

To register a partnership, the partners must prepare a partnership deed, which outlines the terms of the partnership, including the name of the firm, the nature of the business, the rights and duties of the partners, and the profit-sharing ratio. The partnership deed must be signed by all partners and should be registered with the Registrar of Firms to gain legal validity. Registration provides the partnership with a legal status and enhances its credibility, facilitating better access to financial and legal benefits.

Our Assistance In Company Registration In India

At GLOBAL TAXMAN INDIA Ltd, we provide end-to-end solutions for Company Registration. Our services.

GLOBAL TAXMAN INDIA Ltd is a leading legal consultancy firm, offering comprehensive services related to Company Registration in India.

Contact us .

Tel : +91-9811099550

Mail - info@globaltaxmanindia.com

Visit - www.globaltaxmanindia.com

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Startups DPIIT Registration: A Comprehensive Guide by Corporate Mitra

In the dynamic world of entrepreneurship, startups are often confronted with challenges that can hinder their growth and development. However, with the advent of DPIIT (Department for Promotion of Industry and Internal Trade) Registration, the Indian government has provided a golden opportunity for startups to streamline their operations, access benefits, and boost their business growth. At Corporate Mitra, we aim to simplify this process and empower startups to thrive in today’s competitive market.

What is DPIIT Registration?

DPIIT Registration is an initiative by the Indian government to recognize eligible startups and provide them with several benefits. The DPIIT Startup India Registration program is a part of the Startup India Scheme, which was launched in January 2016 to promote innovation and entrepreneurship.

Under this scheme, startups that meet specific criteria can register with the DPIIT and avail benefits such as tax exemptions, reduced compliance requirements, and easier access to funding. The primary aim of the DPIIT Registration is to create a conducive ecosystem for budding entrepreneurs to innovate, grow, and contribute to the Indian economy.

Benefits of DPIIT Registration

Obtaining DPIIT Registration can significantly impact the growth trajectory of your startup. Here are some key benefits:

Tax Exemptions: Startups registered under DPIIT are eligible for a 3-year income tax holiday, which helps reduce financial strain during the crucial early years.

Intellectual Property Rights (IPR) Support: DPIIT-registered startups receive benefits such as fast-tracked patent applications, reduced fees, and assistance in filing trademarks and copyrights.

Access to Government Schemes: Registered startups can access various government schemes, grants, and funds, such as the Fund of Funds for Startups (FFS).

Simplified Compliance: DPIIT-registered startups enjoy reduced compliance requirements, including easier labor and environmental law regulations.

Easier Winding Up: Startups with DPIIT recognition can wind up their business within 90 days under the Insolvency and Bankruptcy Code, 2016.

Networking Opportunities: DPIIT organizes startup fests and provides platforms for startups to connect with investors, industry leaders, and potential partners.

At Corporate Mitra, we understand the importance of leveraging these benefits to help startups scale their operations effectively.

Eligibility Criteria for DPIIT Registration

Not all businesses qualify for DPIIT Registration. Here are the criteria that your startup must meet:

Age of the Business: Your entity must be less than 10 years old from the date of incorporation.

Legal Entity: The business should be registered as a Private Limited Company, Limited Liability Partnership (LLP), or a Partnership Firm.

Annual Turnover: The annual turnover of your startup should not exceed INR 100 crores in any financial year.

Innovative Idea: Your business must focus on innovation, development, or improvement of products, services, or processes. It should have the potential to generate wealth and create jobs.

Not Formed by Splitting: The entity should not have been formed by splitting up or reconstructing an existing business.

Step-by-Step Process for DPIIT Registration

Registering your startup with DPIIT involves a systematic process. Here’s a step-by-step guide:

Incorporate Your Business: Ensure your startup is registered as a Private Limited Company, LLP, or Partnership Firm.

Create a Startup India Profile: Visit the Startup India portal and create a profile for your business.

Submit an Application: Log in to your Startup India profile and fill out the DPIIT Registration application. Provide details such as the nature of your business, industry, and supporting documents.

Upload Required Documents:

Certificate of Incorporation

PAN Card of the business

Description of your business or pitch deck

Any other relevant documents

Self-Certification: Declare that your business meets the eligibility criteria.

Get DPIIT Recognition: Once the application is submitted, the DPIIT will review your application. If approved, you will receive the DPIIT Recognition Certificate.

Documents Required for DPIIT Registration

To ensure a smooth application process, prepare the following documents:

Certificate of Incorporation/Registration

Detailed business plan or pitch deck

Proof of funding, if applicable

Trademark or IPR certificates, if applicable

PAN Card of the business

Common Challenges Faced by Startups

Although DPIIT Registration is a straightforward process, startups often encounter challenges such as:

Lack of understanding of eligibility criteria

Difficulty in preparing a compelling business pitch

Errors in documentation

At Corporate Mitra, we specialize in guiding startups through these challenges, ensuring a hassle-free registration process.

Why Choose Corporate Mitra for DPIIT Registration?

Corporate Mitra is your trusted partner in navigating the complexities of DPIIT Registration. Here’s why startups prefer us:

Expert Guidance: Our team of experts simplifies the process, ensuring you meet all eligibility criteria.

End-to-End Support: From document preparation to application submission, we assist you at every step.

Faster Approval: With our strategic approach, we help you secure DPIIT recognition swiftly.

Comprehensive Services: In addition to DPIIT Registration, we offer legal, financial, and compliance solutions tailored to your startup's needs.

Affordable Solutions: At Corporate Mitra, we believe in delivering high-quality services at competitive rates.

Success Stories

Several startups have benefited from DPIIT Registration with the help of Corporate Mitra. Here are a few examples:

A fintech startup in Bangalore leveraged tax exemptions to reinvest in its product development.

An e-commerce startup in Mumbai used IPR benefits to secure patents for their innovative logistics system.

A healthcare startup in Delhi accessed government grants to scale their telemedicine services.

Frequently Asked Questions (FAQs)

1. Is DPIIT Registration mandatory for startups? No, DPIIT Registration is not mandatory but highly beneficial for startups seeking government benefits and tax exemptions.

2. How long does it take to get DPIIT recognition? The process typically takes 2-3 weeks, depending on the completeness and accuracy of the application.

3. Can existing businesses apply for DPIIT Registration? Yes, provided they meet the eligibility criteria.

4. Are there any fees for DPIIT Registration? No, the DPIIT does not charge any fees for registration.

5. What happens if a startup exceeds the turnover limit of INR 100 crores? The startup will lose its DPIIT recognition once the turnover exceeds the specified limit.

Conclusion

DPIIT Registration is a transformative step for startups looking to maximize their potential and achieve sustainable growth. By leveraging the benefits of this initiative, startups can focus on innovation, reduce financial burdens, and contribute to the Indian economy.

At Corporate Mitra, we are committed to empowering startups through expert guidance and end-to-end support. Whether you’re just starting or seeking to scale your operations, our team is here to assist you every step of the way.

Take the first step towards success. Contact Corporate Mitra today for hassle-free DPIIT Registration and unlock the growth potential of your startup!

Reference By - https://corporatemitra.wordpress.com/2024/12/13/startups-dpiit-registration-a-comprehensive-guide-by-corporate-mitra/

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Best Startup Stories In India: Inspirational Journeys

Over the years since 2016, there have been several noteworthy Indian startups that have earned recognition on a global level due to their tremendous growth trajectory. The country has produced several unicorns, including Flipkart, Ola, and Nykaa, which have given momentum to the growth of industries, created new opportunities, and set examples as Best Startup Stories in India. The implementation of venture capital, private equity, and angel investors has provided access to capital, enabling startups to scale and grow. As of April 2024, DPIIT has recognised over 127,000 startups in India.

Flipkart has become the indigenous ecommerce pioneer, Ola has revolutionized the ride-hailing service with a special emphasis on "Make In India", Zomato and Swiggy dominate the foodtech sector, while the edtech segment has witnessed unprecedented growth arc of startups such as BYJU'S, which was once the highest valued startup in India and recognised globally though now facing setbacks, PhysicsWallah and Unacademy.