Start-ups cannot invest money raised in any of the following assets:

1. 1. 1. Any residential house and land appurtenant to it, (unless engaged in business of renting / sale of the asset)
      2. Any other land, building or both, (unless occupied by Start-up OR engaged in business of renting / sale of the asset);
      3. loans and advances, (unless lending is a major part of business);
      4. capital contribution made to any other entity;
      5. shares and securities;
      6. a motor vehicle, aircraft, yacht or any other mode of transport over ₹ 10 Lakhs, (unless engaged in the business of plying, hiring, leasing or sale of the asset);
      7. jewellary (unless engaged in business of jewellery);

      8. archaeological collections;

      9. drawings;

      10. paintings;

      11. sculptures;

      12. any work of art;

      13. bullion.