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Standard XI
Business Studies
Promotion of a Company
State the fol...
Question
State the following statement is True or False:
The Registrar of Companies is appointed by the State Government.
A
True
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B
False
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Solution
The correct option is
B
False
This statement is False, due to the following reason:
(i) The Registrar of companies is an officer appointed by the Central Government for each state.
(ii) He is being appointed to register, supervise and co-ordinate to the matter relating to the companies registered under the Companies Act,1956.
(iii) He has control over the various activities carried by the companies in his state.
(iv) The Registrar is a recognised statutory authority under the Companies Act.
(v) He has to see that companies,operate within the legal limits and comply to various legal formalities.
(vi) Every company has to submit certain documents with Registrar to obtain incorporation certificate and business commencement certificate.
Provisions relating to registrar are now dealt by the Companies Act ,2013.
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