{"id":242936,"date":"2023-05-18T20:14:03","date_gmt":"2023-05-18T14:44:03","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=242936"},"modified":"2023-05-18T20:14:03","modified_gmt":"2023-05-18T14:44:03","slug":"c-pace-has-gone-live-from-may-1-mca","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/c-pace-has-gone-live-from-may-1-mca\/","title":{"rendered":"C-PACE has gone live from May 1: MCA"},"content":{"rendered":"<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the articl<\/span>e<b> \u201cC-PACE has gone live from May 1: MCA<\/b><b>\u201d <\/b><span style=\"font-weight: 400;\">published in <\/span><b>The Hindu <\/b>on <b>18th May 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off companies from the MCA Register.<\/span><\/p>\n<h2><b>What is the Centre for Processing Accelerated Corporate Exit (C-PACE)?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">C-PACE has been set up to ensure a clean registry, provides hassle-free filing and timely, process-bound striking off of company names from the Register.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It operates through the Registrar of Companies (RoC) and is part of MCA\u2019s efforts to improve the Ease of Doing Business and facilitate company exits.<\/span><\/p>\n<p><b>Located at:<\/b> <span style=\"font-weight: 400;\">Indian Institute of Corporate Affairs in Gurgaon.<\/span><\/p>\n<p><b>Note: <\/b><span style=\"font-weight: 400;\">Section 248 of the Companies Act, 2013 provides for the removal of the name of the company from the RoC, if it is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within the said period for obtaining the status of a dormant company under Section 455.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cC-PACE has gone live from May 1: MCA\u201d published in The Hindu on 18th May 2023 What is the News? The Ministry of Corporate Affairs (MCA) has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off companies from the MCA&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/c-pace-has-gone-live-from-may-1-mca\/\">Continue reading <span class=\"screen-reader-text\">C-PACE has gone live from May 1: MCA<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10498],"class_list":["post-242936","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/242936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=242936"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/242936\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=242936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=242936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=242936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}