Amendment in companies act to simplify registrations
COMPANY registration will become easy with an amendment in the companies act, which powers the company registrars for new registration. As of now, the companies had to register with regional directors.
While there is a registrar of companies in most of the states, regional directors are only in six centres.
While there is a registrar of companies in most of the states, regional directors are only in six centres.
Under the new regulation, any company, which desires to be incorporated as a company with limited liability, without the addition to its name of the word `Limited' or `Private Limited' shall make an application in writing to the `registrar of companies' instead of `regional director' as for a licence under section 25 of the Companies Act 1956.
Registrars of companies are appointed under Section 609 of the companies act for registering companies. It also ensures that such companies comply with statutory requirements under the Act.
These offices function as registry of records, which are available for inspection by members of public on payment of the prescribed fee.
The government exercises administrative control over these offices through the respective regional directors.
The government exercises administrative control over these offices through the respective regional directors.
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