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    Smt. Nirmala Sitharaman chairs 2nd meeting of Apex Monitoring Authority of National Industrial Corridor Development and Implementation Trust
    Centre for Processing Accelerated Corporate Exit (C-PACE) established for providing hassle-free filing, timely and process-bound striking off companie...
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    May 31, 2023
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    Project coordination and land commitments: enforceable state obligations to allot contiguous land and fast track clearances for corridor projects.
    The Apex meeting mandated coordinated central-state implementation of NICDIT projects, requiring states to provide contiguous litigation free land, early environmental clearances, and executed Shareholders and State Support Agreements; it directed NICDC to foreclose projects where committed land is not delivered in a time bound manner and to reallocate development to states prepared to offer land, while promoting PM GatiShakti adoption, investor outreach, and measures to ensure financial viability through reasonable land rates, package incentives, and consistent electricity pricing.
    May 13, 2023
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    Centralised strike-off processing streamlines company name removal and enforces process-bound, timely disposal of strike-off applications.
    The Ministry of Corporate Affairs established the Centre for Processing Accelerated Corporate Exit (C-PACE) under section 396(1) to centralise and expedite removal of company names from the register, operating through Registrars of Companies under the Director General of Corporate Affairs to process and dispose of strike-off applications in a timely, process-bound manner.

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