Business Studies

Write Short answers for the following: 
Explain the duties and functions of the Registrar of Companies. 


SOLUTION


Functions of the ROC

1. The ROC takes care of registration of a company (also referred to as incorporation of the company) in the country.

2. It completes regulation and reporting of companies and their shareholders and directors and also administers government reporting of several matters which includes the annual filing of numerous documents.

3. The Registrar of Companies plays an essential role in fostering and facilitating business culture.

4. Every company in the country requires the approval of the ROC to come into existence. The ROC provides incorporation certificate which is the conclusive evidence of the existence of any company. A company, once incorporated, cannot cease unless the name of the company is struck-off from the register of companies.

5. Among other functions, it is worthy to note that the Registrar of Companies could also ask for supplementary information from any company. It could search its premises and seize the books of accounts with the prior approval of the court.

6. Most importantly, the Registrar of Companies could also file a petition for winding up of a company.

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