In 2023, Government of India has proposed to set up ‘Central Processing Centre’ for faster response to organisations through centralised handling of various forms filed with field offices under the _____________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Companies Act.
In 2023, the Indian government proposed and subsequently operationalized a 'Central Processing Centre' (CPC) under the Ministry of Corporate Affairs. The primary objective is to enhance the 'Ease of Doing Business' by centralizing the processing of various e-forms filed under the Companies Act and LLP Act. This aims for faster, time-bound, and faceless processing, reducing manual intervention and streamlining regulatory compliance for companies and Limited Liability Partnerships across India.