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PROCESS OF RECOGNITION OF AN ELIGIBLE ENTITY AS STARTUP

PROCESS OF RECOGNITION OF AN ELIGIBLE ENTITY AS STARTUP

As per notification issued by the department for promotion of industry and internal trade (DPIIT), the process of recognition of an eligible entity as startup shall be as under:

(i) A Startup shall make an online application over the mobile app or portal set up by the DPIIT.

(ii) The application shall be accompanied by—

(a) a copy of Certificate of Incorporation or Registration, as the case may be, and

(b) a write-up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation.

(iii) The DPIIT may, after calling for such documents or information and making such enquires, as it may deem fit, —

(a) recognise the eligible entity as Startup; or

(b) reject the application by providing reasons.

Team – Intellex Strategic Consulting Pvt Ltd

Intellexconsulting.com, Venturestreets.com, Startupstreets.com

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