New Delhi Jan 25 (IANS) To further its agenda of "Ease of Doing Business" the central government will launch a slew of new initiatives for the speedy incorporation of businesses and companies.
The new initiatives -- government process re-engineering -- "for making incorporation process speedy smooth simple and reducing the number of procedures involved for starting a business" will be launched on Friday.
According to the Ministry of Corporate Affairs the new initiatives will enhance "Ease of Doing Business - Starting a Business" in the country.
Subsequently under the GPR initiative the government will introduce a "Reserve Unique Name" (RUN) web service.
Further companies with "authorised capital up to Rs 10 lakh" will be exempt from paying incorporation fees.
"Re-engineering the process of allotment of DIN (Director Identification Number) by allotting it through the combined Simplified Proforma for Incorporating Company Electronically form... " the ministry said in a statement on Thursday.
--IANS
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