Startup recognition criteria revised: 10 year/200cr limits; deep tech 20 year/300cr; DPIIT portal process and investment restrictions. DPIIT revises startup recognition: eligible legal forms; ten year/200 crore limits for Startups, extended to twenty years/300 crore for recognised Deep Tech Startups; exclusion of entities formed by split or reconstruction. Recognition via DPIIT online application with incorporation proof and business write up; additional Deep Tech documentary requirements. Board issues or revokes certification for section 80 IAC upon enquiry. Recognised startups must deploy funds to core activities and are barred from specified non core investments. Government may relax conditions; effective on Gazette publication.
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Startup recognition criteria revised: 10 year/200cr limits; deep tech 20 year/300cr; DPIIT portal process and investment restrictions.
DPIIT revises startup recognition: eligible legal forms; ten year/200 crore limits for Startups, extended to twenty years/300 crore for recognised Deep Tech Startups; exclusion of entities formed by split or reconstruction. Recognition via DPIIT online application with incorporation proof and business write up; additional Deep Tech documentary requirements. Board issues or revokes certification for section 80 IAC upon enquiry. Recognised startups must deploy funds to core activities and are barred from specified non core investments. Government may relax conditions; effective on Gazette publication.
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