Kartikeya Sharma
  • Home
  • About
  • Event
  • Press
  • Quote
  • Gallery
  • Get Your Photos
  • Blog
  • Questions
  • Home
  • /
  • Question
  • /
  • STATUS OF C-PACE

STATUS OF C-PACE

Questions :

Will the Minister of CORPORATE AFFAIRS be pleased to state:

  • the implementation status of the Centre for Processing Accelerated Corporate Exit(C- PACE) in the country and its impact on the corporate landscape in the country, if so, the details thereof, State-wise;
  • the number of companies in the State of Haryana that availed benefit under this initiative; and
  • the proposed steps to increase the efficiency of the said initiative?

 

ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS

 

(RAO INDERJIT SINGH)

(a) to (c). Centre for Processing Accelerated Corporate Exit (C-PACE) has been set up and operationalised w.e.f. 01.05.2023 to facilitate and expedite the applications filed for voluntary exit under the provisions of Section 248(2) of the Companies Act, 2013 (Act). The applications for voluntary closure under C-PACE are being processed in a centralised manner for a uniform and efficient outcome. Since the setting up of C-PACE, 10692 companies have been struck off under section 248(2) of the Act which includes 330 companies in the state of Haryana.

In order to ensure easy exit process for the companies and improve the ease of doing business, para 77 of the Budget Speech (2022-23) of Finance Minister had envisioned that through C- PACE the time taken to process the application for closure of companies would be reduced from 2 years to less than 6 months. The time taken under C-PACE for voluntary exit has reduced to around 110 days during the current year.

RELATED QUESTIONS

REMOVAL OF TOLL PLAZA AT KHERKI DAULA, NH-48

Road Transport

SPREAD OF H3N2 AND ITS PANDEMIC POTENTIAL

Family Walfare Health

FORMATION OF LAKES DUE TO MELTING OF SNOW

Jal Sakti
Kartikeya Sharma is an Indian politician, entrepreneur and media baron, currently serving as a Member of the Rajya Sabha, the upper house of the Indian Parliament from Haryana.

Connect With US

Important Links
  • About
  • Press
  • Event
  • Gallery
  • Blogs
Tweets by Kartiksharmamp

Copyright @ 2023. All rights reserved.

Skip to content