Unique Business Identification Number (UBIN) for budding entrepreneurs to start their new businesses without any delay.
- The move is aimed at doing away with the need for separate registration with authorities ranging from the registrar of companies to the direct and indirect tax wings, the labour department and for export and import.
Current practice:
Currently, entities first need to get a Company Identification Number (CIN) from registrar of companies, followed by PAN from the income tax department and labour identification number.