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.
Source
"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.
Source
