PRMI Reform View

Prescribe Timelines for the Registration Process of Partnerships in Relevant Regulations
Reform ID		G181
Reform Description		Prescribe Timelines for the Registration Process of Partnerships in Relevant Regulations Before: Businesses faced uncertainty because partnership registrations were carried out without a defined timeframe, often taking longer than necessary. After: The partnership registration process has been made time bound, now the registration is required to be done within the stipulated time.
Sector		All Sectors
Beneficiaries		Partnership Businesses
Jurisdiction/ Location		Gilgit Baltistan
Department		Secretariat of Industries, Labour and Commerce-Gilgit Baltistan
Date of Implementation
Details	Difficulty	● There was no requirement in the law to complete the registration of the partnerships within a stipulated time frame. ● The absence of timelines caused unwarranted delays in the registration and commencement of the businesses.
	Analysis	It was agreed that clear timelines should be established for registering a partnership business, starting from the date the registration application is submitted.
	Solution	Accordingly, the partnership registration process is made time bound.
Evidence