Recognition as Startup

  1. The startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership.
  2. Turnover should be less than INR 100 crores in any of the previous financial years.
  3. An entity shall be considered as a startup up to 10 years from the date of its incorporation.
  4. The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconstruction of an existing business shall not be considered a “Startup”.
  1. Other Constructions Workers’ (Regulation of Employment & Conditions of Service) Act, 1996
  2. The Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979
  3. The Payment of Gratuity Act, 1972
  4. The Contract Labour (Regulation and Abolition) Act, 1970
  5. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
  6. The Employees’ State Insurance Act, 1948
Author: Neetu Saini Head Secretarial Department. AKGVG & Associates

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