STARTUPS — NAVIGATINGTHROUGH A NEW REGIME

P    

A

submitted with DIPPf

Benefits of Registering as a Startup ?

No Income Taxon Pro@its for 3out of 5 years

Easy E-@iling

throughmobile appand portal

SelfCerti@icationCompliance

Exemption fromcapital gains tax onpersonal propertysold to invest in

startup

Startup Indiahub as singlepoint contact

BankruptcyBill 2015 – 90Days to exitbusiness

80% RebateOn PatentFiling Fee

Credit guaranteescheme for Loans

Exemptionfrom

Applicability ofSection- 56(2),w.r.t valuationof shares

No Inspectionfor @irst 3 years

Registrationsin One Day

Over 75 startupsupport hubs and

dedicated fund of Rs.10,000 Cr. To promote

Startups

Criteria Proposed Provisions under startup IndiaType of entity • Private Limited Company• Registered Partnership Firm• Limited Liability Partnership• One person company

(Should not have been formed by splitting up orreconstruction of business already in existence)

Period of Existence Shall not be considered as a start-up post 5 years of itsincorporationTurnover Limit Turnover for any of the Linancial years has not exceededINR 25 croreType of Business It is working towards • innovation, • development, • deployment or • commercialization • of new products, processes or services driven bytechnology or intellectual property.

Startup India is a Llagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economicgrowth and generate large scale employment opportunities. The Government through this initiativeaims to deliver greater freedom and ease of doing business to start- ups in order to accelerate theirbusiness ideas with minimum government intervention thereby catalysing their growth.

WHAT IS A STARTUP?

PROCESS OF REGISTRATION

HOW CAN NANGIA ADVISORS HELP ?

OUR SERVICE OFFERINGSDIRECT TAX • INDIRECT TAX • ENTRY LEVEL STRATEGY ASSURANCE SERVICES • AUDIT SERVICES • TRANSFER PRICINGTRANSACTION ADVISORY • CORPORATE LAW & SECRETARIAL SUPPORTVALUATION SERVICES • CORPORATE FINANCIAL ADVISORY

• Collecting information / meetings • Establishing basis on which theproduct/service of the companyshall be classiLied for start upregistration• Collecting all the relevantinformation required forthe registration under the Startup India plan.

• Reviewingthe processof approvalon anongoingbasis• Attendingmeetingsto answerqueries

• Preparation ofdocumentation checklist,having regard to nature ofbusiness • Collating documents • Preparation of documentsand draft application tobe submitted with DIPPfor registration

• Discuss gaps in documentation withmanagement • Assist the management in identifyingviable solutions • Filing of the application with the DIPP

ESTABLISH THEELIGIBILITYCRITERIA

E-FILLING OFDOCUMENTS ONTHE START-UP

PORTAL

REGISTRATION OF COMPANY AS STARTUPARRANGING

LETTER OFFUNDING/RECOMMENDATION FROM

QUALIFIEDPERSONS

DISCUSSIONS /LIASIONING WITH

OFFICIALSE

RebateO

Gathe

ring Inform

ation Establishing the basis

Creation and Filing

ofdo

cuments

Followup

CONTACT USRakesh Nangia Managing PartnerT: 91-120-2598000E: rakesh.nangia@nangia.comSuraj Nangia, Partner (Transfer Pricing)T: +91-120-2598000M: +91-98112 38144E: suraj.nangia@nangia.com

OUR OFFICES

� A-109, Sector-136, Noida (Delhi - NCR) - 201304. INDIA Ph # +91-120-2598000; Fax # +91-120-2598010� B-27, Soami Nagar, New Delhi - 110017. INDIAPh # +91-11-4737-1000; Fax # +91-11-4737-1010� 11th Floor, B Wing, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400 013. INDIA Ph # +91 22 6173 7000; Fax # +91 22 6173 7060� OfLice No. 9, 14th Lloor, Building No. 9B, DLF Cyber City, Phase 3, Gurgaon - 122002. INDIA� 3rd Floor, NCR Plaza, New Cantt. Road, Dehradun – 248 001. INDIAPh # +91-135-2747081; +91-135-2747082Fax # +91-135-2747080� 24 RafLles Place, #25-04A, Clifford Centre, Singapore - 048621NOIDA | NEW DELHI | MUMBAI | GURGAON | DEHRADUN | SINGAPORE

ABOUT USNangia Advisors is a premier professional services organization offering a diverse rangeof Taxation, Transaction Advisory and Business Consulting services. Nangia Advisors haspresence currently in Noida, Gurgaon, Delhi, Mumbai, Dehradun and Singapore.Quality of our people is the cornerstone of our ability to serve our clients. For this reason,we invest tremendous resources in identifying exceptional people, developing their skills,and creating an environment that fosters their growth as leaders. From our newest staffmembers through senior partners, exceptional client service represents a dedication togoing above and beyond expectations in every working relationship.We strive to develop a detailed understanding of our clients’ business and industry sectorto offer insights on market developments and assist our clients develop effectivestrategies and business models. We have the resources and experience necessary toanticipate and competently serve our clients on issues pertaining to all facets of Tax andTransaction Advisory. We take pride in our ability to provide deLinite advice to our clientswith the shortest turnaround time.The business and tax landscapes have changed dramatically, and the pace and complexityof change continues to increase. We can assist you navigate this shifting landscape.

DISCLAIMERThis document does not constitute professional advice and hence should not be relied upon as the sole basis forany decision. This document contains the opinion of Nangia Advisors at this time and is intended to providegeneral information on the subject. The readers are advised to seek their own professional advice before takingany course of action based on the contents of this document. Nangia Advisors shall not accept or assume anyresponsibility or liability for any loss caused by decision taken by the reader relying on the contents of thisdocument.