July 8, 2011
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Corporate governance reforms expand electronic compliance, CSR guidelines and streamlined incorporation to ease business regulation.
The Ministry of Corporate Affairs issued National Voluntary Guidelines on business social, environmental and economic responsibilities and implemented electronic and procedural reforms to simplify compliance: authorised e service of statutory documents, digital Registrar certificates, video conferencing and electronic voting, online DIN allotment and paperless incorporation forms, delegation of section 25 licensing, DPIN-DIN integration for LLPs, priority registration for foreign businesses, Fast Track Exit and enforcement measures blocking e form filing by chronic defaulters until compliance is restored.