Doing business in India is getting simpler. Registering a company in India usually took upto five days. But from here on it’s going to be a one-day affair. The Ministry of corporate affairs (MCA) has successfully launched a pilot in Delhi. Since its launch on Thursday, when the pilot 28 company are huddled in the ministry’s of conference room in shastri bhawan along with a couple of officials and some executives from Infosys, trying to ensure that companies can be registered within a day.
Over the next few weeks as the system stabilizes businessman will be able to register a company in a day as the government moves to centralised processing of incorporation proposals at a new centre in Manesar (near Gurgaon), instead of doing it with the registrar of companies (RoC).
“But everyone gets to know within one working day if their application has been accepted or not. There is zero balance from Tuesdays-Fridays There may be some additional work Mondays due to applications filed on Fridays,”