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    <description>Reforms to company registration and corporate compliance were presented to World Bank representatives: removal of minimum paid-up capital and common seal requirements, abolition of commencement filing, and single-step incorporation via INC-29. Administrative simplifications include eased loans or guarantees to wholly owned subsidiaries, simplified related party transaction approvals, and removal of certain board resolutions from disclosure. Trade and MSME measures include orders for MSME revival, Customs Clearance Facilitation Committees at ports, and reduction of import-export documents to three.</description>
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