What is a Start-up?

A start-up is a newly established business founded by one or more entrepreneurs to develop and market a unique product or service. According to the Income Tax Act and DPIIT (Department for Promotion of Industry and Internal Trade), a start-up can be a Private Limited Company, LLP, or a Registered Partnership Firm involved in innovation, development, deployment, or commercialization of new products or services.

Why Register Your Start-up in Aurangabad?

Aurangabad, known for its industrial base and growing infrastructure, is emerging as a business-friendly destination in Maharashtra. With support from government schemes and an expanding entrepreneurial ecosystem, registering a start-up in Aurangabad offers numerous opportunities:

• Strategic location in Maharashtra’s industrial belt

• Government incentives for MSMEs and start-ups

• Access to skilled workforce and technical institutions

• Lower operational costs compared to metro cities

Eligibility Criteria for Start-up Registration

To register under the Start-up India Scheme, the entity must:

• Be a Private Limited Company, LLP, or Registered Partnership Firm

• Be incorporated in India not earlier than 10 years

• Have an annual turnover not exceeding ₹100 crores in any financial year

• Be involved in innovation, improvement, or scalability of products/services

• Not be formed by splitting up or reconstruction of an existing business

• Be recognized by DPIIT (Department for Promotion of Industry and Internal Trade)

Documents Required for Start-up Registration

Here are the basic documents required to begin the registration process:

• Certificate of Incorporation or Registration

• Details of Directors/Partners

• Proof of concept (pitch deck, website link, product video)

• PAN of the entity

• Trademark or Patent (if available)

• Details of funding (if applicable)

Steps for Start-up Registration in India

Step 1: Incorporate Your Entity
Register your business as a Private Limited Company, LLP, or Partnership Firm through MCA (Ministry of Corporate Affairs).

Step 2: Register under Start-up India Scheme
Create an account on the Start-up India portal and apply for recognition by uploading necessary documents in PDF format.

Step 3: Self-Certify Your Eligibility
You must confirm that:

• Your entity is registered in India

• Business is less than 10 years old

• Turnover is under ₹100 crores

• Business model is innovative or improves existing solutions

• Not a result of business reconstruction

Step 4: DPIIT Recognition
Upon successful document verification, you’ll receive a Start-up Recognition Certificate and a unique identification number.

Step 5: Apply for Tax Exemption (Optional)
To avail 3-year tax holiday, apply for approval from the Inter-Ministerial Board (IMB) through the same portal.

Benefits of Start-up Registration

• Tax Exemption: Eligible start-ups can avail 100% tax exemption under Section 80-IAC for the first 3 years.
• Funding Opportunities: DPIIT-recognized start-ups are eligible for government grants and funding schemes.
• Intellectual Property Benefits: Fast-track processing for patents and trademarks, along with cost rebates.
• Limited Liability Protection: Your personal assets remain safe in case of financial liabilities.
• Enhanced Brand Credibility: Recognition improves investor confidence and brand image.
• Self-Certification Compliance: Simplified regulatory compliance under labor and environmental laws.

Why Choose S. R. Mahajan & Co. for Start-up Registration ?

At S. R. Mahajan & Co., we specialize in start-up registration, regulatory compliance, and business advisory services. With our deep expertise and understanding of local business dynamics in Aurangabad, we provide end-to-end support:

• Entity incorporation and structuring

• DPIIT registration and certification

• Tax planning and exemption advisory

• Legal documentation and compliance

• Ongoing financial and accounting services