RRC for online registration of investors

The Regulatory Reforms Commission (RRC) yesterday recommended introducing 'online registration' system in the Board of Investment (BoI) to enable investors to register their companies without any hassle.
The commission also asked the government to make arrangements for approval of applications for registration within 24 hours after submission.
The RRC further recommended that the BoI fix an integrated registration fee.
The commission made the recommendations at a meeting in the capital with its Chairman Dr Akbar Ali Khan in the chair.
After the meeting, Akbar told the reporters that the government has directed the establishment ministry to implement the commission's recommendations on putting information about all the rules and regulations on a website to give people easy access to government documents.
"I am expecting that details about government rules and regulations will be put on the website within February 21 this year," he said.
The proposed rules and regulations will be made public for three weeks for getting opinion from people. After scrutinizing their opinion, the government will formulate the rules and regulations, he said.
The RCC chief also sought suggestions and recommendations from all quarters in the country for smooth functioning of the commission.