The Ministry of Corporate Affairs (MCA) has taken a significant step towards making the process of striking off defunct companies easier and more efficient. This has been achieved through the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE), which will centralize the process of striking off companies.
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The Office of C-PACE was inaugurated on 1st May 2023 and will be supervised by the Director General of Corporate Affairs (DGCoA) in New Delhi. Shri R.K. Dalmia, Director of Inspection and Investigation at MCA, inaugurated the office, and Shri Harihara Sahoo, ICLS, was appointed as the first Registrar of the C-PACE office.
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