IMPACTS OF AMENDMENTS ON STARTUPS AND MSMES: A COMPARATIVE STUDY

AUTHOR – PRACHI KUMARI, STUDENT AT AMITY LAW SCHOOL, AMITY UNIVERSITY, NOIDA

BEST CITATION – PRACHI KUMARI, IMPACTS OF AMENDMENTS ON STARTUPS AND MSMES: A COMPARATIVE STUDY, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (7) OF 2025, PG. 947-951, APIS – 3920 – 0001 & ISSN – 2583-2344.

2.1 Key Amendments Relevant to Startups and MSMEs (2019–2023)

There have been several amendments to the Companies Act, 2013, in recent years with the aim of ease of doing business and making the regulatory landscape more startup and MSME-friendly. With the understanding of the contribution of these businesses to economic growth, employment, and innovation, the Government of India initiated reforms to simplify compliance requirements, increase access to finance, and reduce regulatory requirements. The 2019-2023 amendments have been a deciding factor in promoting entrepreneurship and sustainable development of MSMEs and startups.