Junior Science Refresher
Junior Science Refresher this article was published in the month of december insolvency and bankruptcy code (ibc) 2016 it aims to resolve claims involving insolvent companies so as to tackle the bad loan problems that were affecting the banking system. spice+ (simplified performa for incorporating company electronically) launched by ministry of corporate affairs to provide speedy incorporation in line with international best practices. shram suvidha portal (ssp) one-stop-shop for labour laws compliance to facilitate reporting of inspections and submission of returns. way forward ease compliance a systematic exercise across centre and states should be undertaken to eliminate or reduce compliances having an adverse impact on time and cost of businesses. dispute resolution fast-track courts and alternate dispute resolution mechanisms should be institutionalized and made independent of judiciary to fast-track dispute resolution process. land acquisition fast-track digitization of land records to ensure clearer land titles avoid litigation and land pooling to further ease the land acquisition process for businesses. creating awareness awareness needs to be generated regarding startup india initiative i.e. eligible companies can get themselves registered under dpiit to get access to benefits such as tax benefits easier compliance ipr fasttracking self-certification etc. tax holidays tax holding of three consecutive years under income tax act 1961 provided to startups incorporated between 2016-2022 needs to be extended junior science refresher magazine
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