Easy Wind Up Of Business: Govt Sets Up Centre For Processing Accelerated Corporate Exit

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Easy Wind Up Of Business: Govt Sets Up Centre For Processing Accelerated Corporate Exit


The centre has been established as a part of a number of measures taken to additional enhance the convenience of doing enterprise and ease of exit for corporations.

The centre is located on the Indian Institute of Corporate Affairs (IICA) in Manesar, Haryana.

The authorities on Saturday mentioned it has arrange the Centre for Processing Accelerated Corporate Exit (C-PACE) to make sure well timed and process-bound deregistering of corporations from information in addition to present extra significant information to the stakeholders.

The centre has been arrange by the company affairs ministry.

“The institution of the C-PACE will assist to scale back the stress on the Registry together with retaining the registry clear in addition to availability of extra significant information to the stakeholders. The C-PACE can even profit the stakeholders by offering hassle-free submitting, well timed and process-bound hanging off their firm’s names from the register,” the ministry said in a release.

According to the ministry, the centre has been established as part of several measures taken to further improve the ease of doing business and ease of exit for companies.

The centre is situated at the Indian Institute of Corporate Affairs (IICA) in Manesar, Haryana.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed)



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