CENTRAL GOVERNMENT INITIATIVES

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Actions Completed

1) 14 government services delivered via eBiz, a single-window online portal

 

20 services have been integrated into the portal

  • Employer Registration (Employee’s State Insurance Corporation, 12-Dec-14)
  • Industrial License (Department of Industrial Policy and Promotion, 20-Jan-14)
  • Industrial Entrepreneur Memorandum (Department of Industrial Policy and Promotion, 20-Jan-14)
  • Name Availability (Ministry of Corporate Affairs, 19-Feb-15)
  • Director Identification Number (Ministry of Corporate Affairs, 19-Feb-15)
  • Certificate of Incorporation (Ministry of Corporate Affairs, 19-Feb-15)
  • Commencement of Business 1 (Ministry of Corporate Affairs, 19-Feb-15)
  • Issue of Permanent Account Number (PAN) (Central Board of Direct Taxes, 19-Feb-15)
  • Issue of Tax Deduction Account Number (TAN) (Central Board of Direct Taxes, 19-Feb-15)
  • Reserve Bank of IndiaAdvanced Foreign Remittance (AFR)19-Feb- 15
  • Foreign Collaboration-General Permission Route (FC-GPR) (Reserve Bank of India ,19-Feb-15)
  • Employer Registration (Employees’ Provident Fund Organization, 19-Feb-15)
  • Issue of Explosive License (Petroleum and Explosives Safety Organization, 19-Feb-15)
  • Importer Exporter Code License (Directorate General of Foreign Trade, 19-Feb-15)
  • Foreign Currency- Transfer of Shares 2 (Reserve Bank of India, 24-Aug-15)
  • Issue of custom duty concession certificate to entrepreneurs under project import scheme (Department of Heavy Industry (DHI), 01-Oct-15)
  • Changes or correction in PAN data (Central Board of Direct Taxes (CBDT), 01-Oct-15)
  • Registration under the Contract Labour Act, 1970 (Ministry of Labour and Employment (MoL&E), 28-Oct-15)
  • Registration under the Building and other construction workers Act, 1996 (Ministry of Labour and Employment (MoL&E), 28-Oct- 15)
  • Registration under the Inter-State Migrant Workmen Act, 1979 (Ministry of Labour and Employment (MoL&E), 28-Oct-15)

 

2) Online portals for Employees State Insurance Corporation (ESIC) and Employees Provident Fund Organization (EPFO) for:

  • Real-time registration
  • Payments through 56 accredited banks
  • Online application process for environmental and forest clearances

3) Department of Commerce, Government of India has launched Indian Trade Portal. Important feature of this portal is to be a single point for relevant information on measures other than tariff called the non-tariff measures like standards, technical regulations, conformity assessment procedures, sanitary and Phytosanitary measures which may affect trade adversely.

 

4) The Companies (Amendment) Act, 2015 has been passed to remove requirements of minimum paid-up capital and common seal for companies. It also simplifies a number of other associated regulatory requirements. It also simplifies a number of other regulatory requirements.

 

5) An Investor Facilitation Cell has been created in ‘Invest India’ to guide, assist and handhold investors during the entire life-cycle of the business.

 

6) The Department of Industrial Policy and Promotion has also set up Japan Plus and Korea Plus. They are special management teams to facilitate and fast track investment proposals from Japan and Korea respectively.

 

7) Protecting Minority Investors: Greater disclosure of conflicts of interest is now required by board members, increasing the remedies available in case of prejudicial related-party transactions. Additional safeguards have been put for shareholders of privately held companies

Measures Underway
Eliminate requirement of minimum paid-up capital and common seal
  • Requirement of minimum paid up capital and common seal under the Companies Act 2013 done away with. (Companies Act 2013)
Single-window clearance for import and export
  • Central Board of Excise and Customs(CBEC) has implemented Single Window Interface for Facilitating Trade (SWIFT) (online single window for clearance of goods) on the ICEGATE portal by integrating FSSAI, Animal Quarantine, Plant Quarantine, Drug Controller and Wildlife Control Bureau for imports. (CBEC Website)
Integrate processes for obtaining PAN, TAN, ESIC and EPFO registration with incorporation of company
  • Registration for Permanent Account Number (PAN), Tax Deduction Account Number (TAN), EPFO (Employees' Provident Fund Organization) and ESIC (Employee's State Insurance Corporation) and incorporation of company can be done through a single form on eBiz portal. (eBiz Website)
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