Ease of doing business: Government weighs making PAN a unique ID for companies

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Government is working on a proposal to make PAN a unique identity for business entities with a view to improving ease of doing business and ensuring a company is incorporated in a day using an integrated e-biz portal.

"We are working towards making PAN a unique ID for any business entity that is recognised by all departments... This would facilitate incorporation of a new company in a single day through an integrated e-biz portal and this is going to be soon a reality," Cabinet Secretary.

Sinha also said dedicated commercial courts have been set up for disposal of commercial disputes and the Insolvency and Bankruptcy law is in the pipeline.


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