DPIIT widens definition of start-ups; notification to be released soon

The Union Minister, Mr. Suresh Prabhu has cleared the proposal aiming at simplifying the norms and make it easier for startups to thrive in the country. The definition of the start-up has been extended by The Department for Promotion of Industry and Internal Trade (DPIIT). As per new definition, an entity shall be treated as start-up for a period upto 10 years from its date of incorporation or registration instead of the existing period of 7 years. The notification on the same will be re

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