Amazing Benefits of Startup India Registration for Companies
by Nestor filings Nestor Filings.com, a Digital property of Nestor BThe corporate sector in India has
gone through a lot of changes after the formation and recognition of the
Companies Act. With the introduction of the Startup India program by the Indian
government, the country has crossed a big milestone in economical development.
There are different benefits of the Startup
India Registration program and here we are going to discuss some of them in
detail.
With this particular initiative,
there is a huge scope in the country for employment, industrial growth, and
wealth production as well. So, there is no doubt that registering a company
under the Startup India program would be beneficial for sure.
What is the
Main Goal of the Startup India Registration?
The main goals of the Initiative of
Startup India are the innovation of products and services while focusing on the
development of the industrial sector. Not to mention that the program is also
centered on the increase of employment opportunities and growth rate in the
country. The initiative aims to provide benefits such as financial aid,
simplified work, government tenders, and networking opportunities for startups
these days.
In the month of January 2016, Startup
India came into existence and has been serving the economy of the country
through the ideas of innovation and employment. Most of the startups such as
LLPs, Private Limited Companies, and Partnership firms are the ones that go for
the startup registration in the
first place.
What are the
Benefits of Startup India Registration?
The following are some of the main
benefits of Start-Up India registration.
- Self-Certification
For a company, it is important to
have compliance with the different labor laws. Any kind of disobedience towards
the laws will definitely lead to strict liabilities. To reduce that, the startups
are allowed to have self-certification benefits that are in compliance with the
environmental and labor laws. So, there will be no inspection conducted on the
company for a period of three years.
- Tax Exemption
Another main benefit of startup registration is that these
companies that are registered under the scheme will be exempted from tax. This
is done for a total period of 3 years. Any investment that the incubators make
of higher value will have tax exemption which is definitely a great benefit.
- Mobile Benefits
Another really great benefit of
startup India registration is that it provides the companies with a chance to
register the company under a single form. That can be done by using the Startup
India mobile application. There is a single form in the application that allows
the startups to go through the process of registration themselves.
- Patent Protection
For someone who has a patent
registering process to complete, it can be a pretty difficult process, to begin
with. But after the Startup India app came into existence, the patent
applications are examined a lot faster. Hence, this leads to better patent
protection.
Conclusion
So, there you go, people. These are
some of the main benefits of the Startup India company registration program. If
you want to register your company under the scheme, you need to ensure that you
know the process as well as the documents required for registration.
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Created on Feb 28th 2022 03:06. Viewed 992 times.