Ministry for Corporate Affairs Introduces C-PACE

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TheMinistry of Corporate Affairs (MCA)has established theCentre for Processing Accelerated Corporate Exit (C-PACE)to streamline the process of removing companies from theMCA Register. The purpose of C-PACE is to reduce the burden on the registry and provide a convenient process for stakeholders to remove their companys name from the register.

This initiative is part

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of MCAs effort to make doing business and exiting easier for companies.

C-PACE will operate under theRegistrar of Companies (RoC)and will handle applications for processing and disposal.

The office of C-PACE was inaugurated on May 1, 2023, by R.K. Dalmia, the director of inspection and investigation at MCA.