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{{Use dmy dates|date=February 2016}} | {{Use dmy dates|date=February 2016}} | ||
{{Use Indian English|date=February 2016}} | {{Use Indian English|date=February 2016}} | ||
'''Business identification number''' or '''BIN''' is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in [[India]]. Business identification number or BIN is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in [[India]].<ref>{{citation |title=Government to improve ease of doing business; to introduce Business Identification Number for companies |url=http://economictimes.com/news/economy/policy/government-to-improve-ease-of-doing-business-to-introduce-business-identification-number-for-companies/articleshow/50963352.cms |work=[[The Economic Times]] |date=12 February 2016 }}</ref><ref>{{citation |title=Ease of doing biz: Govt to soon introduce Business Identification Number for companies |url=http://wap.business-standard.com/article/pti-stories/govt-to-soon-introduce-business-identification-number-for-cos-116021200879_1.html |work=[[Business Standard]] |date=12 February 2016 }}</ref> The [[Ministry of Statistics and Programme Implementation]] is looking at allotting a 16-digit number to each business establishment. Apart from helping the government create and maintain a comprehensive database on businesses, the unique number will also simplify a business' dealings with various governmental agencies by reducing chances of duplicate entities, resolving identity issues and saving time when going for future registrations or licences.<ref>{{citation |title=On Aadhaar's lines: Now, unique identity number for businesses on cards |url=http://economictimes.com/news/economy/policy/on-aadhaars-lines-now-unique-identity-number-for-businesses-on-cards/articleshow/51655321.cms |work=[[The Economic Times]] |date=2 April 2016 }}</ref> | '''Business identification number''' or '''BIN''' is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in [[India]]. Business identification number or BIN is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in [[India]].<ref>{{citation |title=Government to improve ease of doing business; to introduce Business Identification Number for companies |url=http://economictimes.com/news/economy/policy/government-to-improve-ease-of-doing-business-to-introduce-business-identification-number-for-companies/articleshow/50963352.cms |work=[[The Economic Times]] |date=12 February 2016 }}</ref><ref>{{citation |title=Ease of doing biz: Govt to soon introduce Business Identification Number for companies |url=http://wap.business-standard.com/article/pti-stories/govt-to-soon-introduce-business-identification-number-for-cos-116021200879_1.html |work=[[Business Standard]] |date=12 February 2016 }}</ref> The [[Ministry of Statistics and Programme Implementation]] is looking at allotting a 16-digit number to each business establishment. Apart from helping the government create and maintain a comprehensive database on businesses, the unique number will also simplify a business's dealings with various governmental agencies by reducing chances of duplicate entities, resolving identity issues and saving time when going for future registrations or licences.<ref>{{citation |title=On Aadhaar's lines: Now, unique identity number for businesses on cards |url=http://economictimes.com/news/economy/policy/on-aadhaars-lines-now-unique-identity-number-for-businesses-on-cards/articleshow/51655321.cms |work=[[The Economic Times]] |date=2 April 2016 }}</ref> | ||
==References== | ==References== | ||
Latest revision as of 16:06, 4 July 2023
Business identification number or BIN is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in India. Business identification number or BIN is a proposed identification number to replace eighteen different registration numbers required to be obtained by a company to operate in India.[1][2] The Ministry of Statistics and Programme Implementation is looking at allotting a 16-digit number to each business establishment. Apart from helping the government create and maintain a comprehensive database on businesses, the unique number will also simplify a business's dealings with various governmental agencies by reducing chances of duplicate entities, resolving identity issues and saving time when going for future registrations or licences.[3]
References[edit | edit source]
- ↑ "Government to improve ease of doing business; to introduce Business Identification Number for companies", The Economic Times, 12 February 2016
- ↑ "Ease of doing biz: Govt to soon introduce Business Identification Number for companies", Business Standard, 12 February 2016
- ↑ "On Aadhaar's lines: Now, unique identity number for businesses on cards", The Economic Times, 2 April 2016
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