Amendment status not verified — confirm the current text below against the official source.
Eligibility of Start-Ups in Bihar An entity shall be considered as a Start-upon fulfilling the following conditions: i. Upto a period of ten years from the date of incorporation/ registration, if it is incorporatedas a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008). ii. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees. iii. Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation. iv. Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'Start-up'. v. Provided Start-up must be incorporated or registered in Bihar and having office in Bihar. vi. Provided further applicable taxes from the operations of the company are payable in Bihar.