The Registrar of Commissioner (ROC) is an office under the Ministry of Social Affairs (MCA), the agency dealing with corporate governance and limited liability companies in India. At present, 22 company registrars (ROCs) operate in all major countries. However, states like Tamil Nadu and Maharashtra have more than one ROC. As provided for in Section 609 of the Public Limited Companies Act, 1956, the organizational unit is assigned a principal employee to list both the companies and the LLP countries across the state and the territories.
The Registrar also confirms that the LLPs (Public Limited Companies Act) complies with the legal requirements of the Public Limited Companies Act, 2013.
The Registrar of Companies keeps records of companies registered with them and allows the public to access this information for the payment of a particular fee. The government preserves the administration of the Registrar of Companies with the assistance of the Regional Director. As of today, there are seven regional managers who manage the operations of air operators within the areas concerned.
The role of ROC
1. ROC takes care of the registration of a company (also known as a limited liability company) in the country.
2. It concludes regulation and reporting of companies and shareholders and managers and also handles a report by the Government on some issues that include an annual application for a number of documents.
3. Business listings play an important role in promoting and facilitating business development.
4. Every company in the country requires the approval of the ROC to establish existence. The ROC provides approval certificate which is the final indication of the existence of each company. A company that has once been registered can not stop unless the company’s name is terminated from the business directory.
5. Among other things, it is necessary to keep in mind that the CEO may also request additional information from all companies. It could search for its premises and grab book books with the prior approval of the court.
6. Most importantly, the Registrar of Companies may also submit a request for termination of business.
How companies are listed by Business Directory
No company can be created by itself. It requires a certificate of organization issued by the Registrar of Companies after completion of some legal requirements. As part of a statutory process, promoters need to submit a few documents to the Registrar of Companies. These documents contain Certificate of Conduct (MoA), Conventions (AoA), Pre-Approval Agreement for Commanders and Managing Directors, and the Statement of Authorized Parties confirming that registration requirements have been met.
After confirming the documents, ROC passes the company’s name in the business directory and issues the certificate of organization. The charterer, together with the memorandum of attorney, also issues a certificate of commencement of transactions. A limited liability company is obliged to obtain this certificate before the transaction commences.
ROC may refuse to sign up
ROC may refuse to register a company for various reasons. The memorandum of understanding (MOA), which is full of secretaries, consists of five provisions viz. name provisions; part provisions; Provisions of capital provisions and liability provisions. The secretary must ensure that registration is not permitted for companies with a reputable name. The head of state could also decline to list companies that have illegal targets.
The role of ROC continues after the registration of a company
There is no risk to the organization of ROC and society. For example, a company may need to change its name, goals or registered office. In such a case, a company would need to approach the ROC after completing formal procedures.
Fulfil resolutions with the Registrar of Companies
According to the provisions of Article 117. Public Limited Companies Act is required to submit any resolution by ROC within 30 days of its adoption. Business registrars need to include all such resolutions. The Company has also laid down a punishment for failure to submit resolutions to the editor within a certain period of time. In other words, a companion is obliged to approach the company manager for all his activities involving the appointment of management or managing director, issuance of prospectuses, the nomination of sales agencies or resolution of voluntary winding, etc.