Question

The Registrar of Companies is recognised as a statutory authority under the Indian Companies Act, 1956.

• A. True
• B. False

Answer 1

The correct option is A True

This statements is True because of the following reasons:

(i) The Registrar of Companies is a full time government officer working at the lower level in regard to regulation and control of joint stock companies operating within his jurisdiction.

(ii) The act has given wide powers to the Registrar.

(iii) He is an important constituent of the monitoring mechanism created for effective supervision and control on joint stock companies.

(iv) The Registrar is responsible for the administration of the Companies Act in the state in which he is appointed.

(v) He has to see that registered companies operate within the legal limits of the Act.

(vi) He is even authorised to initiate disciplinary action against a company for non- compliance of the legal provisions.

(vii) The Registrar of companies is the most important constituent of the monitoring mechanism for joint stock companies in India.

(viii) For the above reasons the Registrar of companies is recognised as a statutory authority under the Companies Act,1956.