Startup means an entity, incorporated or registered in India :
- Upto a period of seven years from the date of incorporation/registration or upto ten years in case of Startups in Biotechnology sector
- As a private limited company or registered as a partnership firm or a limited liability partnership
- With an annual turnover not exceeding Rs. 25 crore for any of the financial years since incorporation/registration
- Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation
Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.
An entity shall cease to be a Startup:
- On completion of seven years from the date of its incorporation/registration, ten years in case of Startups in Biotechnology sector, or
- If its turnover for any previous year exceeds Rs. 25 crore
Under the Startup India Action Plan, startups that meet the definition as prescribed under the notification G.S.R. 364 (E) are eligible to apply for recognition under the program. Startups can also apply for exemption on profits under Section 80-IAC of Income Tax Act and exemption on investments above fair market value under Section 56 of Income Tax Act.
| Technology Upgradation Fund Scheme (TUFS) | http://texmin.nic.in/schemes/technlogy-upgradation-fund-scheme |
| Scheme for Technology Upgradation/ Establishment/ Modernization for Food Processing Industries | http://www.mofpi.nic.in/ |
| Integrated Development of Leather Sector (IDLS) | http://dipp.nic.in/English/Schemes/ILDP/leather_scheme_om.pdf |
| Credit Linked Capital Subsidy Scheme for Technology Upgradation (CLCSS) | http://www.dcmsme.gov.in/schemes/sccredit.htm |
| Technology & Quality Upgradation Support for MSMEs (TEQUP) | http://msme.gov.in/WriteReadData/DocumentFile/technology&quality10.pdf |
| Government Subsidy for Small Business for Cold Chain | http://mofpi.nic.in/ |
| Prime Minister Employment Generation Programme (PMEGP) | http://www.kviconline.gov.in/pmegpeportal/jsp/loginPage.jsp |
Compliances
- Filling of Income Tax returns
- TDS Compliance
- Assessment/Scrutiny
- Secretarial Compliance
- Financial Audit
- Statutory Compliance
- Risk Assessment
Online advisory services
- Drafting of various legal documents
- Reply to legal notices received
- Business Research & Plan
- Business contracts
- Due diligence of foreign company
- Recruitment Services
- Finding business partner
Intellectual Property
- Trademark
- Patent
- Copyright
- Design
- Geographical Indication
- Appeal
- Renewal
Govt. Subsidy
- Preparation of full project report
- Consultancy on available subsidy scheme
- Assisting in filling claim for subsidy
- Follow up for further process
- Getting approved subsidy amount
- Post-subsidy compliance
Legal Notices
- General Notices
- Legal notice for recovery of debt
- Legal notice for dishonour of cheque
- Legal notice against Govt authorities
- Legal notice for business loss
- Legal notice for infringement of IPRs
- Legal notice reply
Start up Funding
- Mentoring Programme
- Right investor
- Low cost debt funding
- Equity funding (domestic/foreign)
- Assisting in building a team
- back end support
Contact us at the CTS office nearest to you or submit a business inquiry online.
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