Kolkata, May 1 || The regulatory frameworks must not only safeguard good governance but also enable enterprises, encourage formalisation and build trust in our systems, Union Finance Minister said on Thursday.
FM Sitharaman, who inaugurated the ‘Corporate Bhavan’ in New Town, Kolkata, said that the first ever ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ is also located in the Corporate Bhavan, that will help the aspiring interns in getting the information and issues related to their application.
This new facility will house different offices of the Ministry of Corporate Affairs, including Regional Directorate (East), Registrar of Companies, Official Liquidator, SFIO, NCLT (Kolkata Bench) and the Insolvency and Bankruptcy Board of India (IBBI) under one roof.
Sitharaman said that the facility will become a “true single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking timely corporate regulatory services”.
The consolidation of services at the Corporate Bhawan will help significantly cut costs, accelerate approval process, and improve operational efficiency – all of which will help enhance Ease of Doing Business, Finance Minister added.