The procedure for conducting inspections will be made simpler and will be on the lines of Start-up India Action Plan. Start-ups shall be permitted to file self-certification in prescribed format for select government compliances. No inspections shall be conducted for a period of seven years. Start-ups will also be able to do the Self-Certification through the mobile app/portal.

  An entity will be considered as Start-up:

• If it is incorporated as 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) in Maharashtra; and
• Up to seven years from the date of its incorporation/ registration; however, in the case of
• Start-ups in the biotechnology sector, the period shall be up to ten years from the date of its incorporation/registration
• If its turnover for any of the financial years since incorporation/ registration has not exceeded INR 25 crores; and
• If it 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.
• Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence.
• Provided also that an entity shall cease to be a start-up if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 7 years and for biotechnology start-ups 10 years from the date of incorporation/registration.

Local laws shall be looked into with the view of relaxing some norms to allow easy compliances and gradually the State will progress towards relaxing the full-fledged norms.

The Maharashtra Shops and Establishment Act shall be relaxed to allow start-ups with assetlight models to incorporate at a residential address.

An entity will be considered as Start-up:

• If it is incorporated as 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) in Maharashtra; and
• Up to seven years from the date of its incorporation/ registration; however, in the case of
• Start-ups in the biotechnology sector, the period shall be up to ten years from the date of its incorporation/registration
• If its turnover for any of the financial years since incorporation/ registration has not exceeded INR 25 crores; and
• If it 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.
• Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence.
• Provided also that an entity shall cease to be a start-up if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 7 years and for biotechnology start-ups 10 years from the date of incorporation/registration

In order to promote start-ups in Maharashtra, the GoM shall exempt Start-ups (in the manufacturing sector) from the criteria of “prior experience/turnover” without any relaxation in quality standards or technical parameters. The start-ups will also have to demonstrate requisite capability to execute the project as per the requirements and should have their own manufacturing facility in India2.

A separate Procurement Policy for start-ups may be drafted by GoM for easing norms of procurement. Various Government departments may also benefit from many innovations in products and services delivery mechanisms. And, thus, an annual get together of various departments and related start-ups may be organised for information exchange as well as opportunities for “proof of concept” for various start-ups.

An entity will be considered as Start-up:

• If it is incorporated as 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) in Maharashtra; and
• Up to seven years from the date of its incorporation/ registration; however, in the case of
• Start-ups in the biotechnology sector, the period shall be up to ten years from the date of its incorporation/registration
• If its turnover for any of the financial years since incorporation/ registration has not exceeded INR 25 crores; and
• If it 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.
• Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence.
• Provided also that an entity shall cease to be a start-up if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 7 years and for biotechnology start-ups 10 years from the date of incorporation/registration