Start-Up Law Guide

Article by Vijay Pal Dalmia, Advocate, Supreme Court of India and Delhi High Court, Partner & Head of Intellectual Property Laws Division, Vaish Associates Advocates, India

As per the latest GSR 127(E) of DPIIT (Department of promotion of Industry and Internal Trade) dated 19^th February 2019, an entity shall be considered a start-up:

1. Up to a period of 10 years from the date of incorporation/registration as private limited company ( Under Companies Act, 2013) or partnership firm (under section 59 of Partnership Act, 1932)  or Limited Liability Partnership (Under Limited Liability Partnership Act,2008) .
2. For any of the financial years, the turnover of the company since incorporation/registration has not exceeded 100 crore rupees.