• The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to streamline the process of removing companies from the MCA Register.
  • The purpose of C-PACE is to reduce the burden on the registry and provide a convenient process for stakeholders to remove their company’s name from the register.
    • This initiative is part of MCA’s effort to make doing business and exiting easier for companies.
  • C-PACE will operate under the Registrar of Companies (RoC) and will handle applications for processing and disposal.
  • Harihara Sahoo, ICLS, has been appointed as the first registrar of C-PACE, which will be supervised by the Director General of Corporate Affairs (DGCoA), New Delhi.
  • Centre is situated at the Indian Institute of Corporate Affairs (IICA) in Manesar, Haryana.
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