MCA to launch SPICE in Dec to strengthen ease of doing business

India aims to become the arbitration hub

taru

Taru Bhatia | November 3, 2016 | New Delhi


#Ramesh Abhishek   #corporate affairs ministry   #MCA   #SPICE   #DIPP   #FICCI  


By December-end, the ministry of corporate affairs will launch Simplified Proforma for Incorporating a Company Electronically (SPICE), an e-form that will eliminate the need to fill multiple forms by business entities in India, Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion (DIPP) said at a FICCI event on Wednesday.

He said that the main objective of launching SPICE is to provide speedy incorporation related services within a stipulated time-frame, in line with international best practices. The measures are part of improving ease of doing business in India.
 
He further added that enforcement of contracts is another challenged faced by corporate sector in the country. “We have commercial benches in high courts and ranks are improving in enforcement of contracts. But we still have a long way to go.
 
Hence, we are planning to set up more commercial courts next year and make them paperless, that would include e-courts, e-filing, e-services and uploading of orders on the internet.”
 
India aims to become the arbitration hub and was working towards it, the secretary said, adding that with the insolvency and bankruptcy code 2016 and GST roll-out next April, the business environment will improve in India.
 
Speaking about performances of states, the secretary mentioned that the DIPP recently ranked states on 340 parameters on ease of doing business. “Up to 15 states have crossed 75 percent and 12 states have got score more than 91 percent. This shows that states are working hard, along with the central government, to improve their processes and procedures on ease of doing of business.”  Soon a feedback mechanism would be included in the state rankings, he added.

 

Comments

 

Other News

Prime Minister launches Ayushman Bharat Health Infrastructure Mission

Prime Minister Narendra Modi launched PM Ayushman Bharat Health Infrastructure Mission.  The Prime Minister said that PM Ayushman Bharat Health Infrastructure Mission aims to tackle this deficiency. The aim is to strengthen the critical healthcare network from village to b

Piyush Goyal reviews Open Network for Digital Commerce

 The Union Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal reviewed the progress on Open Network for Digital Commerce (ONDC) initiative of DPIIT.  QCI has esta

CERT-In partners with the Common Vulnerabilities and Exposures Programme

To move a step further in the direction to strengthen trust in “Make in India” as well as to nurture responsible vulnerability research in the country, CERT-In has partnered with the Common Vulnerabilities and Exposures (CVE) Programme. 

Many roles of civil society during pandemic

The union government enforced a nationwide lockdown on March 25, 2020 to curb the spread of coronavirus as it was causing large-scale infection and disease. Challenges of pandemic management and levels of distress were revealed during this time. The fear of Covid spread like wildfire and a

Thackeray launches three fast-track DNA units under Nirbhaya scheme

Maharashtra chief minister Uddhav Thackeray has launched three state-of-the-art human DNA units under the Nirbhaya Scheme for efficiency in criminal investigations. A wildlife DNA unit in Nagpur makes Maharashtra the country’s first state to have a forensic testing lab for animals.  

How foreign policy has been Modi’s focus right from the start

The Midway Battle: Modi’s Roller-coaster Second Term By Gautam Chintamani Bloomsbury / 400 pages / Rs 699 Gautam Chintamani, a film historian and author, has penned an in-depth chronicle of prime minister Narendra Modi’s second

Visionary Talk with Dr Arvind Panagariya, Professor, Columbia University & Former VC, NITI Aayog



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter