Are to Planning to Start new Startup, these are the basics which everyone should know

This initiative was launched on 16^th January 2016 :

1. Unique/Innovative Idea
2. Incorporation of business as Company, Partnership, LLP.
3. Register with Startup India
4. Get DPIIT (Department for promotion of Industry & International Trade) Recognition
5. Now, you can go for other areas (like : patent, trade mark, funding etc.)
6. One Register office is required in india.
7. Idea should be problem solving because startups are for solving the problems

Special : Turnover Should not Exceed 100 Crore Rupees.

Benefits of Startups :

1. Allowed to self certify their compliance with six labour laws and three environment laws.
2. Tax holiday period is allowed till 31.03.2024
3. Set off and carry forward of losses is allowed till 10 years from the date of incorporation.
4. Can avail the benefit of best intellectual property services.

How to Attract Investors :

1. Communication of your ideas
2. Visibility

Maximum timeline for which company can regarded as startup : Turnover upto 100 Crore or 10 years from the date of incorporation whichever is earlier.

For Funding 2 Schemes are available :

1. Fund of Funds for Startups Scheme
2. Startup India Seed Fund Scheme

10,000 Crore Specially Allotted for startup india. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(SIDBI) is the Nodal Bank.