cryptohunter
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India scrapped the minimum capital requirement for company formation, easing business for SMEs and entrepreneurs. Historically, companies needed a minimum authorized capital for instance, Private Limited Companies required INR 1 lakh.
As of in 2015 the Indian government removed this hurdle via the Companies (Amendment) Act. Now company decide their capital structure based on actual financial needs, simplifying the incorporation process and supporting ease of doing business.
As of in 2015 the Indian government removed this hurdle via the Companies (Amendment) Act. Now company decide their capital structure based on actual financial needs, simplifying the incorporation process and supporting ease of doing business.