Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous

Major Initiatives on Improving Ease of Doing Business in India.

Dated:- 24-8-2015 - Government of India Ministry of Commerce and Industries Department of Industrial Policy and Promotion (v. 11.08.2015) The Government of India has taken up a series of measures to improve Ease of Doing Business. 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 measures taken are: 1. Process of applying for Industrial License (IL) and Industrial Entre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d. Employer Registration with EPFO e. Company name availability (MCA) f. Allotment of Directors' Identification Number(DIN) g. Certificate of company's incorporation h. Declaration of commencement of business (MCA) i. RBI's Foreign Collaboration General Permission Route j. Advance Foreign Remittance (RBI) k. Permanent Account Number (PAN) l. Tax deduction Account Number (TAN) m. Issue of Explosive licence (PESO) n. Importer exporter code (IEC- DGFT) 2. Notification has been issued on .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ies a number of other regulatory requirements. 5. A comparative study of practices followed by the States for grant of clearance and ensuring compliances was conducted through M/s Accenture Services (P) Ltd. and six best practices were identified. These were circulated among all the states for peer evaluation and adoption. The study has also identified important bottlenecks faced by industries and important steps required to improve the business environment in States. 6. Application forms for In .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

an Industrial Entrepreneur Memorandum (IEM) has to be filed. 8. Vide Press Note 5 (2014), initial validity period of Industrial License has been increased to three years from two years. This will give enough time to licensees to procure land and obtain the necessary clearances/approvals from authorities. 9. MHA has stipulated that it will grant security clearance on Industrial Licence Applications within 12 weeks. In matters other than Explosives and FIPB cases, security clearances are valid fo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nd uploaded on DIPP website. 12. Vide Press Note 4 2014), the NIC Code NIC 2008 has been adopted, which is the advanced version of industrial classification. This code will allow Indian businesses to be part of globally recognized and accepted classification that facilitate smooth approvals/registration. 13. Vide Press Note 6 (2014), the Security Manual for Licensed Defence Industry has been issued. This has obviated the requirement of affidavit from applicants. Earlier, an affidavit signed befo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ign investors in cases relating to Retail/NRI/EoU foreign investments. This has been placed on the DIPP website. 15. An Investor Facilitation Cell has been created in Invest India to guide, assist and handhold investors during the entire life-cycle of the business. 16. SEZ Units allowed removing goods for repair, replacement, testing, calibration, quality testing and research and development on self-attestation. 17. Process of applying for Environment and Forests clearances has been made online .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n up with the Ministry of Labour and Employment, Director General, ESIC and Central Provident Fund Commissioner. Both the processes have been automated and ESIC registration number is being provided on a real-time basis. 20. An order facilitating revival and rehabilitation of MSMEs through banker s committee has been issued by Ministry of MSME. 21. A unified portal for registration of Units for LIN, reporting of inspection, submission of returns and grievance redressal has been launched by Minis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version