As earlier affirmed by the organization, Krafton/PUBG Corporation has officially registered its Indian subsidiary under the title “PUBG India Private Limited.” The company is based out of the IT capital of India – Bengaluru, Karnataka.
23.11.2020 UPDATE: Ministry of Corporate Affairs, Government of India have allowed and accepted the registration of PUBG India Pvt. Ltd.
The Ministry of Corporate Affairs, has approved the registration of PUBG India Pvt. Ltd., a privately held company under the registrar of companies. The incorporation happened two days ago, on 21st of November 2020. The authorized capital of the subsidiary is set to INR 15,00,000 with INR 5,00,000 as paid-up.
This falls in line with Krafton’s intent to expand into the Indian subcontinent as they announced just a few weeks ago. As TalkEsport reported, Microsoft partnered with KRAFTON in a bilateral terms of service. There were reports though of a potential authoritative hindrance on the journey of PUBG Mobile’s return to the country.
pubg mobile india
As the registrar of the companies features this news, it eloquently defines the resurgent arrival of PUBG Mobile in India. The authorized directors of PUBG India Pvt. Ltd. are Kumar Krishnan Iyer – who is also a director at ACCUWEATHER India Pvt. Ltd., a renowned weather company – and Hyunil Sohn.
The approval of the name is limited to 60 days as per the Companies Act in India, which is further carried by regulating Forms 1, 8 and 32. This bit of information is necessary to know since these ordinary documentations define the drag pace of the corporates at Krafton.
PUBG Mobile India is set to launch just in a few weeks and the official website too reflects new details as it gets reconstructed.