TMI BlogTime Taken to Open Business in IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... Time Taken to Open Business in India X X X X Extracts X X X X X X X X Extracts X X X X ..... he Government has said that the time taken to register a company has been reduced to 48 hours. Similarly, issue of Director's Identification Number (DIN) and name availability of company can now be do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne online within 24 hours. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that as per the Report of World Bank ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titled "Doing Business 2012: Doing Business in a more Transparent World", India is ranked 166th. The report maintains that for starting business 29 days are required. The report also identifies factor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s like Sales Tax, Registration, purchase of office/lands/buildings etc., which are under the State Governments as responsible for delays in initiating business. Shri Pilot further informed the House ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that to further improve the process of opening business and spur entrepreneurial growth, his Ministry has set up a Committee under the Chairmanship of Shri M. Damodaran on 23.08.2012 to conduct an in- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... depth study into the existing regulatory framework for doing business in India and to suggest a comprehensive policy framework for its improvement within 6 months.
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