Section 609 of the Companies Act, 2013 talks about the appointment of a Registrar of Companies (ROC). They are appointed in various states across India for the purpose of registering and maintaining the records of the companies or Limited Liability Partnerships (LLPs) as per the provision of the Companies Act, 2013. ROC operates under the Ministry of Corporate Affairs (MCA). A ROC Search Report can be prepared for the inspection of documents and records of any company by a practising CA, CS or Advocate. In this article, we will discuss all about the process of preparing an ROC search report.
ROC Search Report is a tool in hands of shareholders or banks for inspection of the records of the Company. Search Report for ROC is only prepared by professionals like CA, CS, CWA, and Advocates after detailed inspection of documents from the records of the Registrar of Companies. In general, all documents filed or registered with the ROC are open for inspection upon payment of the prescribed fees. The Search Report of a Company serves the purposes of stakeholders in making decisions on investment, loan advances, control, and management or entering into a contract with the Company.
The following details are about the contents of ROC Search Report. It must include:
Incorporation certificate of the company
Address proof of the registered office of the company
CIN of the company
The capital structure of the company
Details of the directors of the company
Details of the shareholders
Registered charges details
The search report can be drafted either by personally visiting the ROC office or by online downloading the records or documents available on the Ministry of Corporate Affairs (MCA) website. The applicant has to pay Rs. 100 via challan in the physical process and payment of Rs.100 in the online process. The process of preparing an ROC Search Report is as follows:
1. Physically inspecting the documents or records
2. Online downloads of documents or records of any company
The following are the uses of an ROC search report-:
We will conclude by saying that the ROC search report is a very important instrument for shareholders or banks to know the status of any company. It can only be prepared by professional experts such as CA, CS or advocates after inspecting the documents or records of the company through online or offline mode. A prescribed amount of fees is to be paid. A person or company can make an informative decision with the help of the ROC search report.
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