business closure

Voluntary business closure time down to 93 days from 499 in FY22: Ministry of Corporate Affairs

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Voluntary business closure time down to 93 days from 499 in FY22: Ministry of Corporate Affairs

It took an average 93 days to voluntarily close down a failed business last fiscal, against 195 days in FY23 and 499 days in FY22, the ministry of corporate affairs (MCA) said in an internal communication, underscoring the ease of exit in recent years. The setting up of a centralised electronic exit system called C-PACE … Read more

Force Motors to shut down its agricultural tractors business

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Force Motors to shut down its agricultural tractors business

Force Motors said on Friday it will close its agricultural tractors business and related activities from March 31. The closure of business is part of the company’s product rationalisation programme under which it will focus on its core segments such as shared mobility transportation, last mile mobility and the creation of special vehicles for civil … Read more