How Many ROC in India

No country can develop without  growth in its economic. sector. It is important that the government focuses on creating a system that encourages people to come forward and invest in the economy. This is done by encouraging start ups, privatization,  and globalization. 

Sending a handout to other people without any limitations or rules is not safe. That’s why India has a separate division called the Registrar of Companies to control the corporate world. If you are thinking that it’s difficult to keep all the companies in line with the law, it’s true, and it can’t be done at the central level alone.

“So, how many ROC in India are there is just the question that pops up!” with “So, the question that arises is, “How many ROC are there in India? To answer it, there are 30 ROCs at present in India.

This article focuses on ROCs functions, ROC compliance, and other issues related to it. We will begin with the most basic question which is:

What is the full form of ROC in India?

The full form of ROC in India is Registrar of Companies. It is an organization under the Ministry of Corporate Affairs. The Roc’s are present in all of the states and Union Territories of India. 

There are about 30 ROCs in all over India, classified under 7 regional divisions. Each ROC is headed by a Regional Director. Some states, like Maharashtra and Tamil Nadu, have two ROC offices, whereas Delhi and Haryana share one ROC center, and tThe seven sisters have oOne ROC in Shillong.

Now that you have a general idea about ROC and its presence, let’s discuss its function and how it is an essential part of the Ministry of Corporate Affairs.

What Are the Functions of Registrar of Companies in India?

Registrar of Companies is responsible for the smooth functioning of the companies. If there haven’t’ been any rules and regulations to control the public and private sector companies, it would be impossible to put any limitations on them. Law and order areis necessary for a proportionate growth in the economy.

Registrar of companies are there to keep the companies in order. The function of ROC varies from keeping track of e-filing process to inquiry and investigation of” with “conducting inquiries and investigating any compliance violations as well.

Covering the diverse dutiesof ROC, their functions can be the following:

1. Registering Companies:

The registration process for the companies is taken care of by ROC. The registrar of companies approves the companies registration and grants them a CIN and incorporation certificate.

2. Keeping Records of the Companies:

The ROC is in charge of storing all financial, structural, and authoritarian information for the company.The ROC is responsible to keep all the information of the company’s financial, structural or authori…” with “The ROC is in charge of storing all financial, structural, and authoritarian information for the com… 

Any change in power, designation, ownership etc. is reported to ROC. It keeps track of every company’s data.

3. Inquiry of the Companies:

ROC can carry out an inquiry against any company, if they find any irregularities in company information. 

Section 206 of the Companies Act, 2013 gives this power to ROC to ask any company to show documents to validate any issues encountered with the company.

If the documents don’t satisfy the ROC personnel, then an inquiry will be ordered.

4. Investigation of the Companies:

The Registrar of  Companies has the power to get a search and seizure order from the Special Court against any company after suspecting a trail of suspicious activity or any activity of the company that suggests any false information in the books, balance sheet, annual returns, etc. 

The Registrar assigns a team of officials to conduct a search and seize operation to get any information from the company’s office.

5. Dissolving Companies:

Under Section 248 of the Companies Act, ROC has the power to strike off the name of any company from its database and cancel, revoke, or suspend its license.

If the company failed to file ROC filings for a long period of time, or is found to have given wrong information at the time of registration, or if the owner of the company has died ROC can pass an order to dissolve the company.

Other functions of the Registrar of Companies are to keep records of the following activities:

Registration of Charges, applications filed in ROC, registration for stake changes, financial statements, and a report on Inspection to be sent to the MCA.

Let’s See What Comes Under ROC Compliance?

The companies, whether LLPs, OPCs, small companies, or big corporations, all must obey the laws and regulations stated in the Companies Act, 2013. As per the Act, all  companies must file ROCs each year.

The following types of ROC filing should be done every year:

• Annual Return by filling out Form No.MGT-7 / MGT-7A (as applicable).
• Balance Sheet by filling out Form No. AOC-4.
• Auditor’s Appointment in Form No. ADT-1.
• Change in Directors, (if any)
• Change in Registered Office Address, (if any)
• Directors’ KYC in Form No. DIR-3 KYC.

Other activities recorded by ROC are an increase in the authorized capital of the company, and an inspection of public documents, etc.

The due dates and time period of ROC filing are shared below.

ROC has different guidelines for different sizes of company. Private, OPC, and small companies are all  categorized on the basis of their share capital.

What is ROC Private Company?

A private company is a company which restricts the rights to give its share to another, and the number of shareholders is limited to 200.

A private company is a business that is owned and operated by individuals or a group of individuals. Unlike publicly traded companies, private companies do not issue shares of stock to the public and are not listed on stock exchanges. As a result, their financial information and operations are not as transparent as those of public companies.

What is Issued by ROC?

After a company is registered under the Companies Act 2013, the Registrar of Companies issues a certificate of Incorporation and a CIN also known as a Company Identification Number.

The CIN is a unique number or code that acts like an identification number for the company. Each company has a unique CIN assigned to it by the RoC. 

CIN is also mentioned in the Incorporation certificate issued to the companies upon registration.

The Certificate of Incorporation is proof of the authenticity of the company. It is an assurance the company’s data is incorporated in the RoCs database, meaning they are legal and registered entities.

Effect of Registration:

After registration, from the date mentioned on the incorporation certificate, the company and people associated with it are a corporate body altogether. 

The people mentioned in the Memorandum and articles submitted to the registrar have the rights to acquire, hold or dispose of the company’s assets, including movable and immovable, tangible and intangible.  

FAQ: How Many ROC in India

What is ROC Number of Company?

The ROC number of the company or Company identification number are the same thing. It is a unique identification number given to a registered company at the time of granting the Incorporation certificate by the Registrar.

Why ROC is Required?

ROC is required to maintain a record of the financial data about the company each year, to keep the companies adhere to the rules and regulations of the Companies Act of 2013.

What is the Role of ROC in India

ROC is required to maintain a record of the financial data about the company each year, to keep the companies adhere to the rules and regulations of the Companies Act of 2013. 

ROC can inspect, inquire about, search, and seize any company if the records of the company are not straight with the ROC database.

Conclusion

Registrar of Companies is an integral part of the Ministry of Corporate Affairs. It not only regulates the functioning of the financial sector of India, but also helps the Finance department in analyzing and creating an effective system. It takes care of every requirement of the company from its origin until its dissolution.

Hoping that this blog on how many ROC in India answered some of the most sought-after questions about the Registrar of Companies, if not, share your question in the comment section. There are other blogs on ROC that might have covered the information you are looking for. Do check them out or you can also get in touch with our Instafiling professionals, and they can assist you with any questions you have.

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