Northlines
NOCs Labyrinth to crumble
Jammu Tawi, February 14 : In a bold move to revive the business sector and boost investor confidence with a business-friendly environment, the Administrative Council (AC), which met under the Chairmanship of Lieutenant Governor, Manoj Sinha on Saturday approved a series of measures for simplifying business establishment process.
As per the decision, the pre-requisite No Objection Certificates (NoCs) /Approvals have been relaxed for setting up of a business unit. The Udyog Aadhar Memorandum as per the condition of the Government of India shall be the only requirement for a business unit to be set-up.
Earlier, as many as fifteen NoCs/Clearances were required for a business unit to establish, which have now been reduced to a bare minimum. These bare minimum NoCs/Approvals shall be required subsequently, for which two sets of Single Window Committees have been established – One for business units coming up within Industrial Estates a