Startup Company Registration FOR GeM Portal

Eligible Criteria for Startup Company Registration & process

1. Company Age : Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.

2. Company Type : Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership.

3. Annual Turnover : Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation.

4. Original Entity : Entity should not have been formed by splitting up or reconstructing an already existing business.

5. Innovative & Scalable : Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment.


What is Startup India?

Startup India, initiated by the Government of India is a flagship initiative launched in January 2016. This initiative is taken by the government of India to boost the ecosystem for supporting innovation and startups in India. Through this scheme, the government is looking forward to driving sustainable economic development and enhance employment opportunities in India. The government of India recently announced Startup India action plan to meet the requirements of this initiative. 


BENEFIT:

• 1. Startups shall be allowed to be self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online procedure.
• 2. In the case of labour laws, no inspections will be conducted for a period of 5 years. Startups may be inspected only on receipt of credible and verifiable complaint of violation, filed in writing and approved by at least one level senior to the inspecting officer.
• 3. In the case of environment laws, startups which fall under the ‘white category’ (as defined by the Central Pollution Control Board (CPCB)) would be able to self-certify compliance and only random checks would be carried out in such cases.

Registration Process 

1. Click here to go to the Shram Suvidha Portal of the Ministry of Labour and Employment  
2. Register at Shram Suvidha Portal and then login.
3. After successful login, click link "Is Any of your Establishment a Startup?"
4. Follow the instructions

Documents Required for Startup Registration

1. You need a letter of recommendation along with the registration form. You can get any one of the following recommendation letters. 

2. A recommendation letter from an Incubator known in a post-graduate college in India, in a format approved by the DIPP. This is regarding the innovative nature of the business; 

OR

A recommendation letter from an incubator that the Government of India funds as part of any specified scheme to promote innovation; 

OR

A letter from any of the Incubators, recognized by the Government of India, in DIPP format. 

3. A letter of funding not less than 20% in equity, by an Incubation Fund, Private Equity Fund, Angel Fund, Accelerator, Private Equity Fund, registered with SEBI that endorses the innovative nature of business; 

OR

• A recommendation later by the Central or any State Government of India; 
• OR 
• A patent filed and published in the Journal of Indian Patent office in areas affiliated with the nature of the business being promoted.