CPC scores better on forms against registrar offices

Processing of forms related to the Companies Act has shown a 10 per cent uptick in the first quarter of 2024-25 since the launch of the Central Processing Centre (CPC), compared to those processed at registrar offices in the corresponding period last year, revealed sources.

- RUCHIKA CHITRAVANSHI & DEV CHATTERJEE

The CPC, launched in February this year, has centralised filings from registrar offices in one location. Currently, only 12 nonstraight-through process forms requiring government approval are processed at the CPC. Between April and June this year, the CPC processed 23,000 forms.

The Ministry of Corporate Affairs plans to shift an additional 14 such forms from the Registrar of Companies (ROC) offices to the CPC by the end of this financial year, sources informed.

"The government has been working towards easier incorporation and exit processes for companies. This move also aims to improve the business environment," a source said.