Reduce corruption and help closed units to revive

Ministry of Corporate should fix the amount of revival of strike off company name by charging them penalty only of Rs 100,000 and revive company name ,no other declaration or form filing

In case of DIN disqualified director should pay fine of Rs 5000 to revive DIN

This will help in saving time of litigation, and entrepreneur will spend time in innovation and business development.

PM Modi will be surprised to see experienced technocrats spending more time in developing nation then going through litigation. It is best way to reduce corruption in ROC and streamlining business on line.

A simplified life is more productive then complicated laws enacted to increase corporate corruption as well need less governance. more  

View all 6 comments Below 6 comments
The idea given by Mr. Surendra Kapoor is worth trying with Govt. support. more  
Let industrialists and business guys and third working class support by hard works the country to come out from the present crisis and let us be competitive with other nations in all spheres. more  
There is no ease of doing business as government shows in their campaign . Small entrepreneur will slowly shut there business. There is no internet connectivity at many places of India and government want everything will be Online. There is lot delay in getting licences. Industrial land is not available for small units. more  
Revival its easy to say but difficult to implement , there is need to analyse the factor contributing failure, one big reason may be corruption but another reason is incapable entrepreneur. more  
It seems, you have hit the nail on the head. more  
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