**Policy Summary: Centre for Processing Accelerated Corporate Exit (CPACE)**
The Ministry of Corporate Affairs, Government of India, established the Centre for Processing Accelerated Corporate Exit (CPACE) on May 1, 2023, to expedite the voluntary winding-up of companies nationwide. This initiative was expanded on August 27, 2024, to include Limited Liability Partnerships (LLPs).
Data regarding the Dewas and Shajapur districts (under the jurisdiction of ROC, Gwalior) indicates the following processing statistics for company strike-offs:
* **May 1, 2023 - March 31, 2024:**
* Dewas: 2 companies closed, average completion time of 75.40 days.
* Shajapur: 3 companies closed.
* **April 4, 2024 - March 31, 2025:**
* Dewas: 2 companies closed, average completion time of 60.67 days.
* Shajapur: 1 company closed.
* **April 1, 2025 - July 31, 2025:**
* Dewas: 3 companies closed, average completion time of 51 days.
* Shajapur: 2 companies closed.
A total of 13 companies were struck off in Dewas and Shajapur with an overall average completion time of 62.3 days.
The CPACE initiative aims to streamline the voluntary exit process for MSMEs, LLPs, and private companies across India.
Key Entities Referenced
Centre for Processing Accelerated Corporate Exit CPACE: An initiative by the Ministry of Corporate Affairs to facilitate and speed up the voluntary winding up of companies and LLPs.
MSMEs: Micro, Small and Medium Enterprises
LLPs: Limited Liability Partnerships
DewasShajapur, Madhya Pradesh: A region in Madhya Pradesh, India, specifically mentioned in the context of companies operating there and their applications for voluntary exit.
Ministry of Corporate Affairs: The Indian government ministry responsible for regulating corporate affairs.
Shri Mahendra Singh Solank: Member of LOK SABHA who raised a question about CPACE
Shri Harsh Malhotra: Minister of State in the Ministry of Corporate Affairs; Minister of State in the Ministry of Road Transport and Highways.
ROC, Gwalior: Registrar of Companies, Gwalior, the jurisdictional authority for DewasShajapur district.
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 3924
ANSWERED ON MONDAY, AUGUST 18, 2025
Companies Struck-off through C-PACE
QUESTION
3924. Shri Mahendra Singh Solank:
Will the Minister of CORPORATE AFFAIRS be pleased to state:
(a) whether the Government has taken any steps to raise awareness about the Centre for
Processing Accelerated Corporate Exit (C-PACE) among MSMEs, LLPs and private
companies operating in Dewas–Shajapur of Madhya Pradesh;
(b) whether any applications for voluntary exit or strike-off of companies from the above
constituency have been processed through C-PACE; and
(c) if so, the number of such applications and the average time taken for completion?
ANSWER
Minister of State in the Ministry of Corporate Affairs; Minister of State in the Ministry of
Road Transport and Highways
(Shri Harsh Malhotra)
(a) to (c): The Ministry has established the Centre for Processing Accelerated Corporate Exit
(C-PACE) to facilitate and speed up the voluntary winding-up of companies having pan India
jurisdiction which is operational from 01.05.2023. Further, to facilitate and speed up the
voluntary winding-up of LLPs having pan India jurisdiction has also been brought under the
C-PACE from 27.08.2024. Dewas-Shajapur district are under the jurisdiction of ROC,
Gwaliorand the number of applications and the average time taken for strike off is as under:
Financial Year District Number of Average Time Taken for
Companies Closed Completion
01-05-2023 to 31-03-2024 Dewas 02 75.40 Days
Shajapur 03
04-04-2024 to 31-03-2025 Dewas 02 60.67 Days
Shajapur 01
01-04-2025 to 31-07.2025 Dewas 03 51 Days
Shajapur 02
Total 13 62.3 days
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