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CS Executive · Setting Up of Business, Industrial and Labour Laws · Startups and its Registration

Rohan's startup, Sutra Analytics Private Limited, has received DPIIT recognition. Two years later it is reconstructed, and a large part of its operations is hived off into a new company that also seeks recognition. Separately, Rohan asks how a startup applies for recognition. Which statement about the application process is correct?

A startup applies online through the Startup India portal of DPIIT, submitting its incorporation or registration certificate and a description of its innovative or scalable business. The application does not go to the Registrar of Companies, SEBI or the Labour Ministry, which are not the recognising authorities.

  1. AThe application is made through the Startup India portal, with incorporation or registration proof and a brief description of the innovative nature of the businessCorrect
  2. BThe application must be filed physically with the Registrar of Companies
  3. CThe application is made to SEBI along with an offer document
  4. DThe application is made to the Ministry of Labour with a Shram Suvidha registration

Explanation

Recognition is sought online on the Startup India portal run by DPIIT. The applicant uploads the certificate of incorporation or registration and describes the nature of the business and how it is innovative or scalable. The ROC, SEBI and the Labour Ministry are not the recognising authority.

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