Govt. amends rules for physical verification of companies' registered office addresses
The Hindu
Under the Companies Act, 2013, a Registrar of Companies can do a physical verification of a company's registered office
The government has amended rules to ensure a transparent process for physical verification of addresses of the registered offices of companies, including by way of having independent witnesses at the time of the verification.
The steps listed out in the new rules will help do away with discretion of authorities as well as put in place a transparent system with respect to the physical verification process.
Under the Companies Act, 2013, a Registrar of Companies (RoC) can do a physical verification of a company's registered office if he or she has a reasonable cause to believe that the company concerned is not carrying out business in a proper manner.
Now, the process for such physical verifications has been put in place under the Act.
The physical verification will be done in the presence of two independent witnesses of the locality in which the company's registered office is situated. If required, the assistance of the local police will be also sought, according to the corporate affairs ministry.
To check the documents' authenticity, the same should be cross verified with the "copies of supporting documents of such address collected during the said physical verification, duly authenticated from the occupant of the property where the said registered office is situated", the ministry said.
The registrar will also have to take a photograph of the company's registered office during the physical verification.
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