Question

Which of the following are true regarding a startup?

1. It can be registered company or unregistered company
2. Less than 10 years of operation
3. Turnover should be less than 25 crore

Which of the above statements are correct

• A.
  1 and 3
• B.
  1 and 2
• C.
  2 and 3
• D.
  1,2 and 3

Answer 1

The correct option is C

2 and 3
"Start-up” has been defined to mean an entity incorporated or registered in India, with an annual turnover not exceeding Rs.25 cr in any preceding financial year, and working towards innovation,development of new products,or services driven by technology or intellectual property.It should be in operation for less than 10 years