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      You are here -->  Home > STP & EHTP Scheme > Procedure For Registration

STP & EHTP Schemes : Procedure For Registration

Procedure For Approval under STP Scheme

Units undertaking to export their entire production of goods and services may be set up under the Software Technology Park Scheme. Commensurate with the policy to give a special thrust to export of computer software, such units would be encouraged to be set up under the aforementioned export oriented scheme. Software units may undertake exports using data communication links or in the form of physical exports [which may be through courier services also], including export of professional services.

In order to become a certified member unit under STP Scheme, approval from the competent authority is required. The steps involved for obtaining approval are as follows :

Submission of application :

An application in the prescribed format for establishing a Software Technology Park unit is to be submitted to Software Technology Parks of India.

The application should be along with the details of the Software Project in terms of strengths, area of expertise, marketing arrangement, business plans, means of finance, mode of export projected P & L and Balance Sheet [Optional]

Each application should be duly signed in initials by the competent authority on each page of the application along with office seal of the company.

The application should be supported by Certificate of Incorporation, under the Companies Act of 1956, Memorandum of Association, Articles of Association, of the company.

Resume of the Chief Executive heading the STP operations.

In case FIPB/RBI Approval for bringing in Foreign Equity or & NRI Repatriation of Capital is already obtained a copy of the approval should be accompanied with the application.

In case the project is for setting up a STP as 100% Subsidiary/Branch office a copy of the incorporation certificate of the parent company along with the board resolution for setting up the subsidiary is to be attached with the application.

Copy of the lease deed / sale deed for the proposed STP premises.
Details of previous export performance if any along with copy of IE code.

Competent Authority for approval

Director Of Software Technology Parks Of India

Type Of Investment Amount Of Investment No.of Application
Resident Holding Less than US$ 20.00
Million
1

Time frame for processing and granting approvals

In case the applications are complete in all respect, the time frame for granting approval is generally as below :

Director(S) STPI 10 working days
IMSC [MIT] Six weeks
FIPB
[Ministry of Industry, SIA]
Eight weeks

The above time frame may vary due to unavoidable circumstances.
Application must accompany a Demand Draft of Rs. 2,500/- drawn in favour of "The Director STPI" as processing fees.

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Page Last Updated on : Monday, 14 March 2016   17:36:11