Ease of Doing Business Index: Its Reliability in India’s Perspective
Chartered Secretary, Vol-XLV No. 12, pp. 40-43, 2015
Posted: 21 Jun 2019
Date Written: December 10, 2015
Now a days ‘Ease of Doing Business’ is a hot topic of debate and everyone is looking towards it in order to boost the economy and in the era of globalization it attracts the foreign aid. India as an emerging economy is doing very well and in all these areas we have transformed India by manifolds which must be brought to the notice of World Bank’s Group. In further investigation, it was found that they still consider the requirements of minimum paid-up capital, certificate of commencement of business and common seal among other things into their methodology for assigning rank to India. However amendments bringing simplification brought up in the year 2015 could not be taken up, but the concept of Limited Liability Partnerships did not find adequate space in the rankings of Ease of Doing Business though it was passed in the year 2008. Despite efforts we are not able to improve our position hence in this regard a Company Secretary can play a vital role in improving this index as now a days the professionals equipped with statutory authority and status of ‘Key managerial personnel’ are able to comply with the provisions related to corporate governance norms, infusing corporate transparency, protecting the rights of minority shareholders in a better and easier way.
Keywords: Ease of Doing Business Index
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