Section 2(xvi) in Foreign Exchange Management (Borrowing and Lending) Regulations, 2018
(xvi)"Start-up" means an entity which complies with the conditions laid down in Notification No. G.S.R 180(E) dated February 17, 2016, as amended/ updated from time to time, issued by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India;
