List of Enclosures
Following copies of documents shall be the enclosures:
1. Memorandum & Articles of Association for registered firms (public and private limited)
2. Partnership Deed for partnership firms
3. Board Resolution:
1. Board resolution copy mentioning the willingness to get registered with STPI as an 100% exporting unit. Also, mention the name of the authorized signatory to sign all the relevant documents.
2. For maintaining separate books of accounts for the unit under STP Scheme as per Para 6.11.1 of Foreign Trade Policy-chapter 6.
3. For maintaining distinct identity as per Para 6.11.1 of Foreign Trade Policy-chapter 6.
4. Permanent Account Number - (Enclose copy)
5. If it is not available, kindly apply to Income Tax office of the respective area. The application form for PAN No. is available in the offices of Income Tax.The acknowledged copy of application should be enclosed. Importer-Exporter Code (IEC) - Enclose copy.
If not available, apply to Director General of Foreign Trade (DGFT). STPI can also liaison to obtain IEC to STP applicant. The application form can be downloaded from our website www.mumbai.stpi.in
Following documents are required for IEC application:
a. Covering letter on the letter head of the firm to STPI & DGFT
b. Application Form consisting of:
1. Appendix 1-A
2. Attestion of the photograph by the banker
3. One extra photograph
c. Demand Draft for Rs.1,000 in favour of 'Joint Director General of Foreign Trade, Mumbai'
d.Banker Certificate. e. Copy of Permanent Account Number (PAN)
f. Declarations on company letter head:
* There is no non-resident interest / investment in the Firm / Co.
* The Proprietor / Partner / Director / Karta of the Firm / Co. is/are not associated as Proprietor / Partners / Directors / Karta in any other Firm/Co. which is in the caution list of RBI.
* /We hereby certify that none of the Director / Partner / Proprietor / Karta of the Firm / Co. is a Director / Partner / Proprietor / Karta of the Firm/Co. which has come to the Adverse notice of DGFT.
g. In case of NRI interest / investment - submit copy of RBI approval
h. The acknowledged copy of application to DGFT should be enclosed.
6. Banker's Certificate:
A certificate from your bank covering duration of maintaining company account with the Bank. Standard format of Banker's certificate can be downloaded from our website www.mumbai.stpi.in
7. RBI permission in case of Foreign Equity:
100% foreign equity investment in the companies is permissible under the 'Automatic Route' of RBI. The company has to intimate RBI and a copy should be submitted to STPI.
8. Form 32 giving List of Directors on Board:
Submit Copy of Form 32 certified by Registrar of Companies. Applicable in case of Private / Public Ltd companies.
9. List of Directors / Partners with specimen signature:
List of Directors / Partners of the company with names, addresses, contact numbers, email, specimen signature. For proprietary concern, details of proprietor.
10. Project Report:
There is no prescribed format for project report. Following are some important aspects to be covered in the Project Report :
a. Background of company and promoters.
b. Area of expertise in software development and IT-enabled services.
c. Profiles of key personnel in the organisation.
d. Strengths and achievements of the company like potential market for software products / project developed by the company and in-house expertise in the area of specialization.
e. Financial arrangements and feasibility of the proposed setup.
f. Marketing tie-up, if any.
g. Export performance for last three years in cases of existing firms & last years Balance Sheet.
h. Export Orders in hand / in pipe-line / under registration.
i. Brochures of the software products / company or Annual Report for the previous year.
Others :
* Space.
* Wage Bill.
* Manpower Used(Manhours/Months/Years).
* Type of work.
* Type of people working.
1. Project Manager
2. Project Leader
3. Senior Programmer
4. Junior Programmer/Operators
11. Export Order:
STP registration can also be obtained even without submitting the export order. But, it is preferable to have export order in hand at the stage of STP registration. If available, submit copy of any of the following:
* Export order
* Contract
* Purchase Order
* Agreement signed with the foreign client
Company may also provide details of the export orders in pipeline in case of non-availability of any firm order in hand.
12. Proof of Premises:
STP unit can operate from owned or leased/rental premises.
- For owned premises, submit Sale deed.
- For leased/rental premises, submit Leave and License Agreement.
- Floor plan of the proposed STP premises to be attached.
13. List of proposed Plant & Machinery in Four Copies
List of proposed Plant & Machinery signed by authorized person on the company letterhead. The projections viz. Imports and Indigenous purchases mentioned in the list should be as per the application form.
14. Application Processing Fees and Annual Service Charges
Application processing fees and 3 years advance Annual Service Charges considering the projected export turnover.
The revised annual service charges are:
Application Processing FeesRs. 2,500/-
Export TurnoverAmount of Annual Service Charges
Exports upto Rs. 25 lakhs per annum Rs. 7,500/-
Exports between Rs. 25-50 lakhs per annumRs. 15,000/-
Exports between Rs. 50-300 lakhs per annumRs. 50,000/-
Exports between Rs. 3-10 crores per annumRs. 1,00,000/-
Exports between Rs. 10-50 crores per annumRs. 2,00,000/-
Exports between Rs. 50-100 crores per annumRs. 3,00,000/-
Exports above Rs. 100 crores per annumRs. 5,00,000/-
The payment should be in form of Demand Draft in favour of Software Technology Parks of India, Mumbai.
Note: While filling up the projections etc. It is suggested that the applicant should be in touch with STPI officials for proper guidance for submission of application
STPI-Mumbai will process the application and letter of approval will be issued. Application processing time frame is three days.
STP Scheme Duration:
The STP scheme duration is valid for five years.
Following are the mandatory requirements of STP Registration:
1. Legal Agreement with STPI.
2. Custom Bonding.
3. Minimum Export Obligation.
4. Commencement of Commercial Production.
5. Reports.
1. Legal Agreement with STPI
Legal Agreement is mandatory as Commitment for fulfillment of Terms and Conditions of let
continuation will be
http://www.mumbai.stpi.in/protostpmem.html
here