Any business entity, whether a Private Limited or an Limited Liability Partnership (LLP) registered under company act 2013 has the leverage to take benefits offered by Government of India under their Start Up India initiative. Let’s see what all is required by Your Company to qualify as a StartUp.
Your company must meet the following criteria to be considered eligible for DPIIT startup recognition.
Company Age:
Period of existence and operations should not be exceeding 10 years from the Date of Incorporation
Company Type:
Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership
Annual Turnover:
Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation
Original Entity:
Entity should not have been formed by splitting up or reconstructing an already existing business
Innovative & Scalable:
Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth and employment.
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