An entity shall be considered as a Startup:
1. If it is incorporated as a
a. private limited company (in the Companies Act, 2013) or
b. registered as a partnership firm (under section 59 of the Partnership Act, 1932),
c. limited liability partnership (under the Limited Liability Partnership Act, 2008) in India
That means your entity has to be a Private Ltd Co , Registered Partnership Firm as per Partnership Act 1932 or An LLP Under the LLP Act 2008 , without it you cannot proceed with the registration process of DPIIT .
2. Up to ten years from the date of its incorporation/registration.
Your entity will not be called as Startup as per Startup India notification if it has crossed 10 years from its Incorporation or beyond.
3. If its turnover for any of the financial years since incorporation/registration has not exceeded INR 100 Crore.
The third condition is that your turnover has not crossed 100 Crores in any financial year.
4. If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
Provided that any such entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Startup’.
Taxgen.in
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