Govt. targets measures for ˜Ease of Doing Business in India™ to make India most preferred business destination

The Government of India has taken up a series of measures to improve Ease of Doing Business in respect of which Department of Industrial Policy and Promotion(DIPP)  had issued a notice dated 11th August, 2015. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective.

The broad categories of the measures taken till now can be discussed as under:

  1. Application for Industrial License on 24X7 basis
  2. Obtaining PAN and TAN
  3. Employer and Employee registration with Provident Fund authorities
  4. Obtaining COI for company start ups
  5. RBI approval and reporting
  6. Importer Exporter Code
  7. Integrated process for Incorporation of Company
  8. Introduction of Companies (Amendment) Act, 2015 to remove requirements of minimum paid up capital
  9. Enhancement in the time limit of the validity of the Industrial License
  10. No requirement for obtaining the certificate for commencement of business and many more like these.

As the above mentioned items have provided a lot of ease to the stakeholders, the Government of India is working on many more items like these to make India as the most preferred destination for doing business.

The document dated 11th August, 2015 as issued by the Department of Industrial Policy and Promotion (DIPP) containing all the measures taken for the ease of doing business can be accessed at the link given below.

Major Initiatives on Improving ˜Ease of Doing Business™ in India

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

3 responses to “Govt. targets measures for ˜Ease of Doing Business in India™ to make India most preferred business destination”

  1. Eula Brennan says:

    To the admin, You always provide great examples and real-world applications.

  2. This design is spectacular! You most certainly know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start my
    own blog (well, almost…HaHa!) Excellent job.
    I really enjoyed what you had to say, and more than that,
    how you presented it. Too cool!

  3. Asking questions are actually nice thing if you are not understanding anything totally, except this paragraph provides good understanding even.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates