The government of India is reportedly planning to take new steps in order to make company registration process in the country simpler and faster.
Indian government is reportedly planning to take brand-new steps in order to make company registration process in the country simpler.
The Economic Times reports, “in a bid to break into the top 50 countries for ease of doing business, India may soon put in place a simple, single clearance process to incorporate a company in flat three days.”
Why does it matter?
By implementing a single clearance system, it would help eliminate the necessity to stand in multiple queues for central agency clearances.
This would also help India join on top Ease of Doing Business nations list.
According to the most recent rankings come from the “Doing business 2019”, India has got 77th rank on ease of doing business nations list.
New Zealand has topped the Ease of Doing Business rankings in 2017, 2018 and 2019.
Singapore topped the Ease of Doing Business rankings in 2007–2016.