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"Typically, startups have more than one founder. They also aim at equity infusion from angel investors and VCs. Esops are also granted to employees who ultimately hold a stake in the startup. This makes a private company form more suitable. Moreover, a minimum share capital of Rs 1 lakh is no longer required for incorporation, adding to their popularity."

Harish H V
Partner, Grant Thornton India LLP

This article apeared in Times of india on 13th May, 2016