22000+ Compliance Reduced by Ministry

22000+ Compliance Reduced by Ministry Indian Prime Minister, Shri Narendra Modi on Friday, 5 th March 2021, while addressing a webinar on the Product…

22000+ Compliance Reduced by Ministry
Indian Prime Minister, Shri Narendra Modi on Friday, 5 th March 2021, while addressing a webinar on the Production Linked Incentives scheme through video conferencing, highlighted the need for reducing compliances burden and said it is the effort of the government to reduce 6,000 compliances burden at the state and Central level this year. He emphasized the need to make Indian companies and manufacturing being done in India, globally competitive and also, to create global recognition for our production cost, products, quality and efficiency. With the intent to ensure “Minimum Government, Maximum Governance” the Government of India embarked on an ambitious journey to reduce burdensome compliances. Key Highlights:- More than 22000 compliances reduced in Government.
- 103 offences decriminalized and 327 redundant provisions/laws removed by the Centre
- Exercise being carried out by Centre to simplify, decriminalize & remove redundant laws
- Ministry is working to strengthen & boost confidence of business owners
- Focus is to simplify & streamline procedures to run or start a business
- Changes were made into Company Law and LLP Law, Income Tax and GST etc.
- Various scheme were introduced under various Corporate Laws to support the business
- Further, Budget 2021-22 has proposed various measures to reduce regulatory compliance burden which will improve ease of doing business for industry and ease of living for citizens.
- The NSWS portal hosts approvals across 18 Central Departments & 9 States and another 14 Central depts & 5 states will be added by Dec’21.
- Licensing reforms,
- computerized central random inspection system,
- labour reforms,
- initiatives to support Medium, Small and Micro Enterprises (MSMEs) and
- promote industrial development in the true spirit of cooperative federalism.
| Department | Initiatives |
| 1) Department of Telecommunications: |
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| 2) Department of Science and Technology: |
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| 3) Department of Food and Public Distribution: |
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| 4) Ministry of Road Transport and Highways: |
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| 5) Ministry of Education- |
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| 6) Ministry of Micro, Small and Medium Enterprises: |
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| 7) Department of Consumer Affairs: |
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About Author

CS Lalit Rajput
Company Secretary
Lalit Rajput is a qualified Company Secretary and graduate with 5+ years’ experience in handling Secretarial and Compliance management.
Working as Proprietor at Lalit Rajput &Associates, Company Secretaries and Compliance Head at EDUXGURU.
Key areas include handling Compliances related to Secretarial, Start-ups, SEBI, FEMA, Labour Laws, GST, NCLT, IPR, MCA/ROC, RTA etc.
He has started his career in Adventz Group with one of leading EPC Company, Kalindee Rail Nirman - A Div. Of Texmaco Rail & Engineering Limited (erstwhile known as Kalindee Rail Nirman (Engrs.) Ltd.) and after that worked with Outcome Solutions & Services LLP, a Risk Advisory firm and S. Srinivasan & Co.,Leading Company Secretaries firm in Mumbai and Chennai.
He is also an active blogger/Author at many platform and has written various articles on: Taxguru, Compliance Calendar LLP, Studycafe, Caclubindia, Casansaar, theTaxTalk, Lawyer’s Connect, IPleaders, Governance Professionals, Lawyers club India, Dealout Professionals and many more.
He has also blogger at ENLIGHTEN GOVERNANCE and contributed articles in ICSI E-Corporate Manager published by ICSI Ahmadabad Chapter.
Company Secretary
Delhi, Delhi, India
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