Question

The Registrar of Companies issues incorporation certificate to the company.

• A. True
• B. False

Answer 1

The correct option is A True

This statement is true, due to the following reasons:

(i) "Registrar " means a registrar, an additional, a joint, a deputy, or an assistant registrar, having the duty of registering companies under this act.

(ii) They are appointed in each state by the Central Government.

(iii) The Registrar is a statutory authority under the Companies Act.

(iv) His appointment is made under section 609(2) of the Companies Act and is responsible for the administration of the company law in his states.

(v) The Registrar of companies has to carry out routine functions relating to company law administration.

(vi) He has therefore been given wide power by the Company Law Board.

(vii) He also performs different functions like receiving notices, returns, reports, and record prospectus to be filed by the companies.

(viii) To inspect the Documents, Register, Financial records, etc. of a company at any time.

(ix) To record alteration of Memorandum and Articles of Association of the company.

(x) To issue the Certificate of Incorporation and the Certificate of Commencement of Business is also the function of the Registrar of companies.