Good news for startups! From April, register a company in just one day

New Delhi: The government is nearly there and would soon allow single day registration of a new company.

According to reports, in a major step towards doing business in India easy, the provision of registering a company in one day has been worked out, and is likely to see implementation by April.

At the moment, it takes nearly a month to register a company. The move is expect to facilitate single registration for all labour laws, overhaul of tax systems, reduction in the number of permits required, easing up property registration, quick electricity connection and property registration etc.

A Bill will be introduced in the ongoing Budget session of the Parliament for amending the Companies Act 2013.

The Bill would aim at removing impediments to ease of doing business and create an enabling environment for start-ups.

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Source:Zeenews