Government proposes UBIN

Q.  What does UBIN stand for in relation to Government of India?
- Published on 10 May 16

a. Unique Business Identification Number
b. Unique Biometric Identification Number
c. Unique Biology Identification Number
d. None of the above

ANSWER: Unique Business Identification Number
 
GoI has entered the process for issuing a Unique Business Identification Number of UBIN to entrepreneurs to set up business without delay
  • DIPP under Ministry of Commerce and Industry has kickstarted this initiative
  • The UBIN would be automatically linked to Ministry Of Corporate Affairs (MCA) portal after it is issued to the intended beneficiary. It will be subsequently sent to the CBDT (Central Board of Direct Taxes) which would nomenclature it as PAN for UBIN.

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