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 India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

. 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

. The

Ministry of Statistics and Programme Implementation The Ministry of Statistics and Programme Implementation (MoSPI) is a ministry of Government of India concerned with coverage and quality aspects of statistics released. The surveys conducted by the Ministry are based on scientific sampling metho ...

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.

References

Business in India Company identification numbers Companies of India Identity documents of India {{India-stub