New Delhi: The government will soon bring in changes in the registration process for new companies to make it faster and more user-friendly, wherein applicants will be required to provide only “need-based” information, a senior official said. Corporate affairs secretary Injeti Srinivas said that if only need-based information is taken from the applicants, then with minimal information the name of a company can be reserved. About the Central Registration Centre, Srinivas said it has been successful and that the same could be extended for registration of Limited Liability Partnerships (LLPs). “Very soon, we will bring out some changes, which will make the registration process a faster exercise and more user friendly. According to Srinivas, compliance rate would increase if cost and time required for compliance is reduced.

Source: Mint January 21, 2018 08:03 UTC