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Business Studies

Choose a word, term or a phrase which can substitute the following statement:

The statutory authority appointed by the Central Government for the administration of Company Law in each state.

A
Official Liquidator
B
Registrar of Company
C
Secretary
D
None of these
Answer & Solution

Registrar of Company


SOLUTION
Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements under the Act. These offices function as registry of records, relating to the companies registered with them, which are available for inspection by members of public on payment of the prescribed fee. The Central Government exercises administrative control over these offices through the respective Regional Directors.
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Single Correct Medium Published on 18th 08, 2020
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