Company registration process in India in a Day!!
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!!
Replies
-
Ankita KatdareGreat news. This is going to be a big boost for startups looking for registration.
This is also an useful read if anyone is reading about the topic:
Registering A Pvt. Ltd. Company In India - Experiences
PS: Avoid copy pasting paragraphs of data from any websites, be it ToI.
You are reading an archived discussion.
Related Posts
I am E &TC student graduating in 2015 .I am selected in iNautix Technology, Pune as an Application Developer trainee with an package of 3.4 lakh CTC and also in...
Eastman Kodak or better known as Kodak is all set to baffle all with an interesting lineup at CES 2015. As electronics giants across the globe are gearing up for...
iBall inc. has introduced two new smartphones in the Indian market- Andi 4P IPS Gem and Andi ARC. While Andi 4P IPS Gem is available at a price tag of...
Computers Are now monkeying around.
https://insights.globalspec.com/arti...rk=cr4digest&et_rid=419257195&et_mid=71928331
Quote:
The global manufacturing industry is on the verge of what many are calling its fourth Industrial Revolution.
In Germany, the wave of manufacturing change is called Industry 4.0. Elsewhere,...