Answer: Ministry of Corporate Affairs
Notes: The central government announced that corporate exits are now processed in 70-90 days under the Centre for Processing Accelerated Corporate Exit (C-PACE). It was established by Ministry of Corporate Affairs (MCA). It operates under the Registrar of Companies (RoC) and is supervised by the Director General of Corporate Affairs (DGCoA). It is located at the Indian Institute of Corporate Affairs, Gurgaon. It aims to ease doing business, reduce registry burden, and provide hassle-free, timely company closures.
