The future of
A top management staff of the
He noted that 'the amendment had taken away power from the
'The process affects the ease of doing business, you see, when you send these files to the
'Customers on the other end don't know that CAC is also waiting for clarification, their own is that they have submitted their registration with CAC and it is taking too long.'
In the second quarter of 2018, CAC implemented a three months online registration initiative to ease and fast track the process of registration to 48 hours. The policy known as Business Incentive Strategy (BIS) was extended many times due to demand from stakeholders and even government agencies.
CAC in anticipation of the Bill commenced an online method of registration which recorded tremendous success and enhanced the ease of doing business in
'The delay in the signing of the Bill will affect the 48 hours business registration by the CAC, 'stated our Source.
The Bill provides for online reservation of business names which is believed will result in a significant improvement in turnaround time for potential promoters of companies in
Under Business Registration item of CAMA Bill, numbering 1.4 states; Removal of Attorney General's Consent for
The application process was amended to include the publication of the application for registration in three national newspapers. This change would have made the registration process similar to what is currently obtainable for Incorporated Trustees, as an alternative legal vehicle for registration of not-for-profit organisations.
Many believed that the Bill would have addressed the extant difficulties faced by businesses (administrative bottlenecks and high compliance costs) and more importantly ease the mode of business registration in
Tribune Online learnt that in the course of the 9th Assembly reviewing the Bill, if the numbering is affected, the process of the amendment may have to start over again, a development that may be a drawback to the federal government's ease of doing business campaign.
© Pakistan Press International, source