DPIIT Startup India Recognition — Key Facts
DPIIT Notification G.S.R. 127(E) dated 19-Feb-2019 IT Act 1961 s.80-IAC — Income Tax Exemption IT Act 1961 s.56(2)(viib) — Angel Tax Exemption CGST Act 2017 — GST exemptions for recognised startups Companies Act 2013 s.179 — Board powers Eligibility: Incorporated within the last 10 years; annual turnover not exceeding ₹100 crore in any FY; working towards innovation, development, or improvement of products/processes/services, or a scalable business model with high employment/wealth creation potential; not formed by splitting or reconstructing an existing business.
DPIIT Startup India — Recognition Application Package
Acme Technologies Private Limited · Private Limited Company
Entity Acme Technologies Private Limited (U72900KA2024PTC123456 )
Entity type Private Limited Company
Incorporation date [INCORP_DATE]
Sector Technology / SaaS / Software
PAN AABCT1234C
GSTIN 29AABCT1234C1ZB
Authorised signatory Priya Sharma, CEO & Director
Board resolution date [BOARD_DATE]
Benefits sought s.80-IAC tax exemption, Labour law self-certification, Reduced IPR fees PART A — Board Resolution / Partners' Resolution Authorising Application for DPIIT Startup India Recognition A duly convened meeting of the Board of Directors of Acme Technologies Private Limited (Private Limited Company), CIN/LLPIN: U72900KA2024PTC123456 , having its registered address at Registered address , was held on [BOARD_DATE]. The following promoters / directors / designated partners were present: Priya Sharma (DIN: 01234567); Rahul Verma (DIN: 07654321) . Quorum being present, the following resolutions were passed unanimously:
1. Resolution: Application for DPIIT Startup India Recognition
"RESOLVED THAT the Board / Partners hereby approves the filing of an application for recognition of Acme Technologies Private Limited as a "Startup" under the Startup India initiative of the Government of India, administered by the Department for Promotion of Industry and Internal Trade (DPIIT), in accordance with DPIIT Notification G.S.R. 127(E) dated 19 February 2019 as amended from time to time.
"RESOLVED FURTHER THAT Priya Sharma, CEO & Director (DIN/DPIN: 01234567 ) be and is hereby authorised to submit the online application on the DPIIT / Startup India portal (startupindia.gov.in), upload all required documents, sign and submit the self-declaration / undertaking on behalf of the Company / LLP / Firm, and do all other acts, deeds, and things as may be necessary to obtain DPIIT recognition."
2. Resolution: Authority for s.80-IAC Application
"RESOLVED FURTHER THAT upon obtaining DPIIT recognition, Priya Sharma, CEO & Director be and is hereby authorised to submit an application to the Inter-Ministerial Board (IMB) / DPIIT for a certificate under Section 80-IAC of the Income-tax Act, 1961, for claiming income tax exemption for three consecutive financial years out of ten years from the date of incorporation, and to provide all documents and information as may be required by the IMB."
3. Resolution: Self-Certification under Labour Laws
"RESOLVED FURTHER THAT the Company / LLP / Firm shall avail the facility of self-certification of compliance under applicable labour laws as made available to DPIIT-recognised startups, in accordance with the Startup India Action Plan. Priya Sharma, CEO & Director be and is hereby authorised to file the relevant self-certifications and maintain compliance records accordingly."
Chairperson of Meeting
__GAP[ndia_promoters|Priya Sharma (DIN: 01234567)
______________________
Director / Designated Partner
Rahul Verma (DIN: 07654321)]__
______________________
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PART B — Self-Declaration and Undertaking For DPIIT Startup India Recognition — To Be Submitted on Startup India Portal I, Priya Sharma, CEO & Director , authorised representative of Acme Technologies Private Limited (Private Limited Company incorporated / registered under CIN/LLPIN: U72900KA2024PTC123456 on [INCORP_DATE]), having its registered address at Registered address , do hereby solemnly affirm and declare as follows:
1. Eligibility Declaration — Entity Age
The entity was incorporated / registered on [INCORP_DATE] and has not completed ten years from the said date of incorporation / registration as on the date of this application. The entity is within the prescribed eligibility period for Startup India recognition.
2. Eligibility Declaration — Turnover
The annual turnover of the entity has not exceeded Rupees One Hundred Crore (₹100,00,00,000/-) in any of the financial years since its incorporation / registration. The highest annual turnover recorded to date is approximately ₹[Amount] crore.
3. Eligibility Declaration — Not a Split-up / Reconstruction
The entity has NOT been formed by splitting up or reconstruction of a business already in existence. It is an original entity established as Acme Technologies Private Limited and has not been formed from any pre-existing business, enterprise, or entity.
4. Innovation and Scalability Declaration
The entity is working towards:
(a) Innovation, development, or improvement of products, processes or services; and/or
(b) A scalable business model with a high potential of employment generation or wealth creation.
Brief description of the innovation / scalable model:
We have developed an AI-powered SaaS platform that automates GST reconciliation for SMEs using machine learning. Unlike existing products, our platform integrates directly with Tally, Zoho Books, and GSTN APIs to auto-match purchase records and flag mismatches in real time, reducing reconciliation time by 90%. This product is novel, scalable, and addresses a significant unmet need in the Indian SME market.
Scalability and employment potential:
The platform is currently used by 150 SMEs and is capable of scaling to 10,000+ customers without proportionate increase in costs. We plan to hire 20 additional engineers and sales personnel over the next 12 months.
5. Intellectual Property
The entity has not yet filed any formal intellectual property applications. The entity intends to protect its innovations through appropriate IP filings and may avail the reduced IPR filing fee facility available to DPIIT-recognised startups.
6. DPIIT Portal Registration
The entity is registered / will be registered on the Startup India portal at startupindia.gov.in with a valid mobile number and email address, and the online application for recognition has been / will be filed under the category of Private Limited Company in the sector: Technology / SaaS / Software.
7. Angel Tax — s.56(2)(viib)
The entity acknowledges that DPIIT-recognised startups are eligible for exemption from Section 56(2)(viib) of the Income-tax Act, 1961 (angel tax) in respect of share premium received from investors, subject to conditions prescribed. The entity shall comply with all conditions and file Form 2 (or such other form) as may be required.
8. Section 80-IAC — Tax Exemption Intent
The entity intends to apply separately for a certificate under Section 80-IAC of the Income-tax Act, 1961, which provides for a deduction of 100% of profits and gains for any three consecutive years out of ten years from the date of incorporation, subject to the entity being incorporated on or after 1 April 2016 and obtaining IMB certification. The entity acknowledges that DPIIT recognition is a prerequisite for the s.80-IAC application and that the IMB may require additional documentation.
9. Undertaking as to Accuracy
I hereby undertake that:
(a) All information provided in this application and the supporting documents is true, correct, and complete to the best of my knowledge and belief;
(b) The entity shall promptly inform DPIIT of any material change in the information provided herein, including any change in incorporation status, turnover, or business model;
(c) The entity shall comply with all conditions attached to DPIIT recognition and shall not misrepresent its status as a DPIIT-recognised startup;
(d) The entity is aware that providing false information or obtaining recognition by fraud or misrepresentation may result in cancellation of recognition and other legal consequences;
(e) The entity shall maintain proper books of accounts, statutory registers, and records as required under applicable law and provide the same for inspection if called upon by DPIIT or any other competent authority.
Entity Acme Technologies Private Limited
CIN / LLPIN U72900KA2024PTC123456
PAN AABCT1234C
GSTIN 29AABCT1234C1ZB
Date of declaration [DATE]
Place Registered address Authorised Signatory
__GAP[ndia_auth_signatory|Priya Sharma, CEO & Director]__
DIN/DPIN: __GAP[ndia_auth_din|01234567]__
For Acme Technologies Private Limited
______________________
Documents to be uploaded with DPIIT application:
1. Certificate of Incorporation / LLP Agreement / Partnership Deed
2. PAN card of the entity
3. Board Resolution / Partners' Resolution (Part A above)
4. Brief pitch deck / concept note describing the innovation
5. Website / product demo link
6. Audited financial statements (if turnover > ₹0)
Note: For s.80-IAC application, additionally prepare: Detailed business plan, revenue model, product demo, and financial projections for IMB review.