Start up related issue

Start up company should not be created out of splitting up or re-construction. that means it should be a brand new one.

here your company can be new one but

if a company taking the facility of other company means it is using existing facility so the purpose not served that means to create extra production facilities govt might have introduced this section.

if you are hiring machinery from a machinery hiring business company then it is okay. if you are hiring from existing company which is in your line of business then it is not okay.

this is purely my understanding do not take it as conclusive as final answer may vary.

lets wait for other answers also.

your start is completely complying with the requirements of 80IAC. there is no such stipulation regarding owning plants and machines. you may hire it from any company(including related persons).