Press Information Bureau

Government of India

Ministry of Corporate Affairs

15-March-2016 18:01 IST

The term “Start up” is neither defined in the Companies Act, 2013/1956 nor in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. However, the number of newly registered companies along with their authorized capital for the last three years and current year upto December, 2015, is given below: 

Year	Number of Newly Registered Companies	Authorized Capital (in Rs Crore)
2012-13	92383	57536.61
2013-14	98437	38873.83
2014-15	64395	31830.72
2015-16 (As on 31st December)	60489	11985.97

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

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DSM/KA

 

 

Definition gap in 'Start up' creates regulatory ambiguity for capital-raising; registration and capital trends are reported. Regulatory gap: the term 'Start up' is not defined in the Companies Act or SEBI issue and disclosure regulations, creating ambiguity for capital-raising regulation. The press release supplies year-to-year data on newly incorporated companies and their aggregate authorized capital for 2012-13 through 2015-16 (to December) to inform policy discussion on incorporation trends and the aggregate capital base relevant to potential regulatory measures.