Q. With reference to Centre for Processing Accelerated Corporate Exit (C-PACE) consider the following statements:
1.It 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.
2.It operates through the Registrar of Companies (RoC) and is part of the Ministry of Corporate Affairs (MCA) efforts to improve the Ease of Doing Business and facilitate company exits.
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation –

Statements 1 and 2 are correct. 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. It operates through the Registrar of Companies (RoC) and is part of MCA’s efforts to improve the Ease of Doing Business and facilitate company exits.

Source: ForumIAS

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