STARTUP Legal Advisory Services in Kochi, Kerala

Startup means an entity, incorporated and registered in india 

• As a Private Limited Company or Limited Liability Partnership or Registered as a Partnership Firm.
• With an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.
• Working towards innovation, development or improvement or of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
• An entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.
• Shall not be more than  10 years old for Startup recognition OR not incorporated before April 2016 to claim Tax Exemption certificate.

An entity shall cease to be a Startup,

• On completion of 10 years from the date of incorporation/registration.
• If its turnover for any previous year exceeds Rs. 100 crore

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Benefits of StartupIndia Recognition (DPIIT) Certificate

•  Easy Public Procurements:- Startups are exempted from otherwise stringent selection criteria such as Prior Experience, Prior Turnover and Earnest Money Deposits in Central Govt. and PSU Tenders.
•  GeM Startup Runway:- DPIIT Recognized startups can view the GeM Startup Runway on their GeM dashboard, where they can spread awareness about their product by completing a form that describes their product as well as intended buyers and uses (Ministries/Departments).
•  3 years Income Tax Exemption Benefits:- recognised Startup can Apply for this benefits separately with DPIIT subject to meet other criteria.
•  Govt. Funding Opportunity under startup Scheme
•  IPR Govt. Fee Concession - 50% rebate in Trademark fee and 80% in Patent.
•  Self Certifications and compliance under 9 environmental & labour laws.
•  Participate in various Govt. financial assistance scheme in innovative solutions
•  Networking with other startups
•  Easy Winding up in 90 days under insolvency & Bankruptcy code 2016.

For more about Startup Indian visit www.startupindia.gov.in