Transcript
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
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