InvestorQ : Is the government tightening process for new company registrations?
Neelam Naik made post

Is the government tightening process for new company registrations?

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Anu Biswas answered.
2 months ago
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The government plans to substantially tighten the registration norms for new companies after it had to weed out scores of possible shell companies with Chinese links. The MCA would largely rely on technology for process monitoring. Also, the 1-factor authentication would be replaced with a 2-factor authentication. The individual directors would also be scrutinized more closely at a personal level.

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