Centre for Processing Accelerated Corporate Exit

On 13th May, 2023, the Ministry of Corporate Affairs (MCA) established the Centre for Processing Accelerated Corporate Exit (C-PACE) at the Indian Institute of Corporate Affairs (IICA) in Manesar, Haryana.

About C-PACE

  • Union Finance Minister proposed the establishment of a Centre for Processing Accelerated Corporate Exit (C-PACE) in the Union Budget 2022-23. This will implement an expedited corporate exit process.
  • C-PACE has been established as part of several measures taken to further improve the ease of doing business and ease of exit for companies.
  • The center has been founded by the Corporate Affairs Ministry.

Operation

  • C-PACE shall be in operation through the ....
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