The BIN would act as an identification number for different regulatory purposes and do away with the need for procuring separate registration numbers such as Company Identification Number and Labour Identification Number.
Normally, a company is required to obtain 18 different registration numbers.
As per the proposal, the permanent account number (PAN) may become the BIN for companies, an official said.
The Department of Industrial Policy and Promotion is discussing the matter with the Ministry of Corporate Affairs.
"The
The portal provides one-stop clearance platform for investment proposals.
India has been ranked at 130th for 2016 among 189 countries in the
Several initiatives have been taken up by the government for improving ease of doing business in India through simplification and rationalisation of the existing rules and introduction of information technology to make governance more efficient and effective.