Company registration process in India in a Day!!
@koushal-C6mEgp
•
Oct 21, 2024
Oct 21, 2024
1.4K
Good news for budding entrepreneurs!! The Narendra Modi led government of India is working to cut down the time for registering a business from 27 days to a single day. 😀
FYI, examples of companies registration is LLP, private limited, limited, Public limited etc.
Govt is working on full pace to make several policies such as, single registration for all labor laws, overhaul of tax systems, reduction in the number of permits required, easing up property registration, quick electricity connection and property registration - measures that are expected to make the country a friendlier investment destination.
According to The World Bank's " Ease of doing business" index, India ranked 134 out of 189 countries in 2014, behind China (ranked 96) and behind neighbors Pakistan (110) and Bangladesh (130).
Among the focus areas of the Government are reforms of the tax system. It has been suggested that the number of taxes be reduced and online payment of taxes allowed.
It has also been suggested that there should be no inspection for low risk business and computer based selection for high risk ones. There is also a proposal for a uniform policy and procedure for all states so as to enable the single-window clearance system, along with a combined application form with an institutional mechanism to provide various approvals!!
For removing obstacles in getting electricity for businesses several measures have been identified which include removing the requirement of pollution control certificates for providing a connection. State electricity boards and the power ministry have been asked to simplify procedures of getting an electricity connection!!
FYI, examples of companies registration is LLP, private limited, limited, Public limited etc.
Govt is working on full pace to make several policies such as, single registration for all labor laws, overhaul of tax systems, reduction in the number of permits required, easing up property registration, quick electricity connection and property registration - measures that are expected to make the country a friendlier investment destination.
According to The World Bank's " Ease of doing business" index, India ranked 134 out of 189 countries in 2014, behind China (ranked 96) and behind neighbors Pakistan (110) and Bangladesh (130).
Among the focus areas of the Government are reforms of the tax system. It has been suggested that the number of taxes be reduced and online payment of taxes allowed.
It has also been suggested that there should be no inspection for low risk business and computer based selection for high risk ones. There is also a proposal for a uniform policy and procedure for all states so as to enable the single-window clearance system, along with a combined application form with an institutional mechanism to provide various approvals!!
For removing obstacles in getting electricity for businesses several measures have been identified which include removing the requirement of pollution control certificates for providing a connection. State electricity boards and the power ministry have been asked to simplify procedures of getting an electricity connection!!
