International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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STARTUP INDIAN ACTION PLAN IS REALLY STARTUP FRIENDLY?
1 Author(s): SATNAM SINGH
Vol - 7, Issue- 1 , Page(s) : 135 - 138 (2016 ) DOI : https://doi.org/10.32804/CASIRJ
“Startup means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding INR 25 crore in any preceding financial year, working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property. Provided that such entity is not formed by splitting up, or reconstruction, or a business already in existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 25crore or it has completed 5 years from the date of incorporation/registration.