As per the DPIIT (Department for Promotion of Industry and Internal Trade) definition, which of the following criteria MUST be satisfied for an entity to be recognised as a 'Startup' in India? 

Under the DPIIT Startup India initiative, an entity is recognised as a Startup if it: (i) is incorporated as a private limited company, registered partnership firm, or limited liability partnership in India; (ii) has not completed 10 years from the date of incorporation; (iii) has annual turnover not exceeding ₹100 crore in any previous financial year; and (iv) is working toward innovation, development, or improvement of products/processes/services, or has a scalable business model with high potential for employment generation or wealth creation. DPIIT recognition provides access to tax benefits under Section 80IAC, self-certification under labour laws, and other regulatory facilitations.