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Small enterprises big on new firm registrations
Mint Mumbai
|January 06, 2024
Small businesses have dominated the registration of new companies across sectors in November, indicates data released by the ministry of corporate affairs in its latest monthly update.
The average paid-up capital, or share subscription paid by investors, was just ₹1 lakh for farm-sector registrations, ₹27 lakh for new manufacturing units and ₹4.2 lakh on average for services firms, indicating the small size of the new firms.
More than 13,300 firms were formed in November, the shares of which were sold to investors for ₹1,232 crore, showed the ministry’s data.
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