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Centralised processing filings operationalised, of corporate boosts EoDB
The Business Guardian
|February 20, 2024
Giving further impetus to the mission of enhancing ‘Ease of Doing Business’ (EoDB), the Government has established a Central Processing Centre (CPC) to process forms filed as part of various regulatory requirements under the Companies Act and Limited Liability Partnership Act (LLP Act) in a centralised manner, requiring no physical interaction with the stakeholders.
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This also follows an announcement in the Union Budget 202324, of such an intent. From 16 February, 12 forms/applications shall be processed at CPC, followed by other forms from 1 April, 2024 onward.
The Government also intends to centralise forms/ applications filed under LLP Act. Based on filing trends, it is expected that about 2.50 lakh forms will be processed through CPC annually, once it is fully operational. As of now, 4,910 forms have been received by CPC after commencing operations. The forms shall be processing a timebound and faceless manner. Processing of applications at CRC and C-PACE also does not require any physical interaction with the stakeholders.
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