Skip to main content

Modi govt launches single-form registration for new businesses

By
  • The move is aimed at reducing red tape in the incorporation of businesses, which currently require up to 8 forms.
  • The Narendra Modi-led BJP government marked Labour Day by making it easier to incorporate a new business.
  • Starting today, entrepreneurs need only fill out one form to start a business, down from the eight they had to submit until now.
  • The new form, called INC-29, will allow make compliance and reporting easier website of the Ministry of Corporate Affairs.
  • Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form.
  • The move is in keeping with Modi’s public avowal to improve India’s global ease of doing business ranking.
  • The red tape that businesses faces while registering themselves, including at least 8 different forms for various permissions has been a pet peeve of entrepreneurs.
  • Currently, even for a single-person company, the forms required include separate applications for obtaining DIN, obtaining a DSC (digital signature certificate), form INC-1 for approval of the name of the company, form INC-7 for registration of the company along with memorandum of association and articles of association, form INC-22 for intimation of registered office and form DIR12 for each director, the newspaper said.
  • Source:- Modi govt launches single-form registration for new businesses
Labels:

Comments

Post a Comment

Popular posts from this blog

Schemes by NDA government status.

By
Ujjwala Yojna :- Objective - The scheme is aimed at replacing the unclean cooking fuels mostly used in the rural India with the clean and more efficient LPG Target - 1.56 crore BPL families Achievement - 1 crore BPL families till date Rural Electrification :- Objective - Rural electrification is the process of bringing electrical power to rural and remote areas. Target - 18,452 villages Achievement - 10,829 villages electrified till date Jan Dhan Yojna Objective - Financial Inclusion to ensure access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Achievement - 25.51 crore account opened till date Mudra Yojna Objective - (MUDRA) Bank is a new institution being set up by Government of India for development and refinancing activities relating to micro units.The purpose of MUDRA is to provide funding to the non corporate small business sector. Target- 5.75 crore Achievem...
Post a Comment
Read more

Sansad Adarsh Gram Yojna : Progress of Alawalpur in ‪‎Patna‬ adopted by Ravishankar Prashad

By
The village adopted by Ravishankar prashad under the Sansad ‪‎AdarshGramYojana‬ at Alawalpur in ‪‎Patna‬ district. saw several steps towards its development as a model village. Started Computer Saksharta Kendra for computer education, inaugurated sub-post office, laid foundation of 6 Anganwadi centers. Distributed pension and benefits of Kanya Vivah Yojana to the beneficiaries. Organised a Health camp, drug distribution camp, agriculture camp, Bal sansad and cleanliness drive.
Post a Comment
Read more

HRD minister proves her generosity and genuine concern towards education and real talent

By
Dharamraj works for a Surat mill and hardly manages to fend for his family of seven. When sons - Raju, 18, and Brijesh, 19, broke the news of their stellar performance to their dad, he didn't even know why it was such a big deal. Both his sons have cracked the IIT entrance test — Raju securing rank 167 and Brijesh 410. Dharamraj, a daily-wage earner, desperately needs Rs 1 lakh for their admission fees. But that's an astronomical sum, for he barely makes ends meet. Dharamraj and his family live in a rundown mud hut with a tarpaulin thatch at Rehua Lalganj village. Dharamraj owns eight goats, one cycle, and a table fan. They bagged scholarships to prepare for their IIT entrance. But now what? Where to raise the money from? I don't own a single inch of land," lamented Dharamraj. Both boys scored over 95% in their Class X exams, after which they were picked for a scholarship programme. HRD Minister Mrs. Smriti Irani has assured the IIT 2015 topper that his ent...
Post a Comment
Read more