FULL FORM OF ROC
WHAT IS ROC
ROC Stand for Registrar of Companies. ROC is an officer under the ministry of corporate affairs which is the body that deals with the administration of companies and Limited Liability Partnership in India. As per company act 1956, the ROCs are entrusted with principal duty of registering both the companies and LLPs across the states and union territories.
The registrar of companies also certifies that Limited Liability partnership comply with the legal requirements contained in the companies Act,2003.
Registrar of companies maintains a registry of records related to company registered with them. General public can access the information related to company on payment of stipulated fee. It helps in the transparency in the functioning of the company. The central government hold administrative control over the registrar of companies with the help of regional directors.
FUNCTIONS OF THE ROC
The followings are the function of registrar of the company.
1. The ROC does the registration of the company,it is also termed as incorporation of the company.
2. Every company in the country needs approval of the Registrar of Company to come into existence. The ROC provides incorporation certificate which prove and give authority to function the activity of company.
3. The Registrar of company plays important role in encourage and facilitating business culture.
4. Registrar of company can ask for supplementary information from the company. He can visit to company and seize the books of account with the prior approval of the court.
5. The registrar of company can also file a petition for winding up a company.
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