Bangalore: In November last year, the U.S. House of Representatives had passed a crowdfunding bill that will allow startups to offer and sell securities via crowdfunding sites and social networks. Will India ever pass such a bill? Will startups in India have such rights to legally raise fund and sell their stocks and securities through crowdfunding sites and social networks?
While the bill passed in the U.S. will not have an immediate impact in India, as the regulations for Crowdfunding are still not defined, but it will surely set a benchmark. Startups can look forward towards new avenues of funding support where the financial support from the Angel investors are still embryonic.
To read the full, original article click on this link: Does India Lack The Crowdfunding Ecosystem?
