Question

State the following statements is True or False:
The Registrar is a statutory authority under the Companies Act, 1956.

• A. True
• B. False

Answer 1

The correct option is A True

This statement is True, due to the following reasons :

(i) Through the Ministry of Corporate the Registrar of Companies is appointed by the Central Government to have statutory control over the companies.

(ii) The Registrar of an Companies is an official, appointed by the Central Government to co-ordinate ordinate d supervise the promotion, registration and matters relating to companies registered under the Companies Act 1956. (iii) As per law, no company can commence business unless it is registered with the Registrar of Companies.

(iv) He is responsible for the administration of company law in the state.

(v) The Registrar is a recognised statutory authority under the Companies Act. (vi) He has to see that companies operate within the legal limits and comply to various legal formalities as laid down by the Companies Act.

(vii) The Registrar has powers to take action against the companies which do no comply with legal provisions.

Hence the Registrar is a statutory authority under the Companies Act, 1956.

Provisions relating to this are now dealt by the Companies Act ,2013.