Registration Offices and Fees – Business Registration - PowerPoint PPT Presentation

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Registration Offices and Fees – Business Registration

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Title: Registration Offices and Fees – Business Registration


1
Registration Offices and Fees
2
Registration offices
  • For the purposes of exercising such powers and
    discharging such functions  for the
    business registration as are concerned on the
    Central Government by or under this Act or under
    the rules made there under and for the purpose of
    registration of companies under this Act, the
    Central Government shall, by notification,
    establish such number of offices at such places
    as it thinks fit, specifying their jurisdiction.
  • Registrars, Additional, Joint, Deputy and
    Assistant Registrars as it is necessary for the
    registration of companies and discharge of many
    different functions are appointed by the Central
    Government under this Act, and the powers and the
    responsibilities that may be practicable by the
    such officers shall be prescribed.
  • The terms and conditions of the provided services
    for registration, including the persons salaries
    who are appointed under sub-section (2), shall be
    prescribed.
  • The Central Government may prepare a seal or
    seals for the authentication of documents needed
    for, or connected with, the registration of
    companies.

3
Business Registration
4
Admissibility of certain documents as evidence
  • In spite of any other the law for the time being
    documents filed by a company with Registrar on
    paper or in electronic forms and stored on any
    electronic data storage device or the computer
    readable media by the Registrar, and
    authenticated  by the Registrar or any other
    officer authorized by the Central Government be
    prescribed, shall be considered to be a  document
    for the purpose of this Act and the Rules made
    there under and shall be admissible in any
    proceedings there under without further proof or
    production of the original as evidence of any
    content of the original and or of any fact stated
    therein of which direct evidence is admissible
    for the Business Registration.

5
Evidence of documents kept by the registrar at
the time of Registration
  • Inspect by the electronic Provisions relating to
    filing on applications, documents, inspection ,
    etc., in Electronic form for the any business
    registration.
  • Although anything to the contrary contained in
    this Act, and without prejudice to the provision
    contained in Section 6 of the Information
    Technology Act,2000(21 of 2000),the Central
    Government may make Rules so as to require from
    such date as may be prescribed in the rules that-
  • The authenticated or electronic forms of such
    applications, balance sheets, prospectus, return,
    declaration, memorandum, articles, particulars of
    charges, or any other particulars or documents as
    may be required to be filed or delivered under
    this Act or the rules.
  • The Registrar maintained the authenticated or
    electronic documents of  such applications,
    balance sheet, prospectus, return, register,
    memorandum ,articles,  particulars of charges ,
    or any other particulars or document and return
    filed under this Act or Rules and the
    business registration or authentication, as the
    case may be prescribed

6
  • Such inspection of the memorandum, articles,
    register, index, balance sheet, return or any
    other particulars or document maintained in the
    electronic form ,as is otherwise available for
    the inspection under this Act or the Rules made,
    may be by any person with respect of the
    electronic form in such manner as may be
    prescribed.
  • such fees, charges or other sums payable under
    this Act or the rules made there under shall be
    paid through the electronic form and in such
    manner as may be prescribed and
  • the Registrar shall register change of registered
    office, alteration of memorandum of articles,
    prospectus, issue certificate of
    incorporation, register such document, issue such
    certificate, record the notice, receive such
    communication as may be required to be registered
    or issued or recorded or received , as the case
    may be ,under this Act or the Rules made there
    under or perform duties or discharge functions or
    exercise powers under this Act or the Rules made
    there under or to any act which is by this Act
    directed to be performed or discharged or
    exercised or done by the Registrar in the
    electronic form.

7
Business Registration
8
  • For the removal of the doubts, it is hereby
    clarified that the rules made under this section
    shall not relate to imposition of fines or other
    pecuniary penalties or demand or payment of fees
    or contravention of any one of the provisions of
    this Act or punishment therefor.
  • means any documents kept by the Registrar in
    accordance with the Rules made, being documents
    filed or registered by him in pursuance of this
    Act, or making a record of any fact required or
    authorized to be recorded or registered in
    pursuance of this Act, or making a record of any
    fact required or authorized to be recorded or
    registered in the pursuance of this Act, on
    payment for each inspection of such fees as may
    be prescribed for the registration purposes.
  • requires a certificate of the incorporation of
    any company /registration of any company, or a
    copy or extract of any other document or any part
    of any other document for business
    registration to be certified by the Registrar ,on
    payment in advance of such fees as may be
    prescribed
  • provided that the rights conferred by this
    sub-section shall be exercisable in relation to
    documents delivered to the Registrar with the
    prospectus in pursuance of Section 26,only during
    the fourteen days starting with the date of
    the business registration/publication of the
    prospectus and at the other times only with the
    permission of the Central Government.

9
  • In relation to the documents so delivered in
    pursuance of clause(b) of sub-section (1) of
    Section 388,only during the fourteen days start
    at the date of the registration/ publication of
    the prospectus and at the other times, only with
    a permission of central government.
  • There are no process will be carried for
    compelling the production of any document kept by
    the Registrar and he shall issue from any court
    or the Tribunal  except with the leave of that
    Court or the Tribunal, and any such business regis
    tration, if issued, shall bear on a statement
    that it is issued with the leave of the court or
    the Tribunal.
  • A copy or extract from, any business registration 
    document kept and registered at the any of the
    offices for the Registration of companies under
    this Act, certified to be a true copy by the
    Registrar (whose official position it shall not
    be necessary to prove), shall, in all legal
    proceedings, be admissible in evidence as of
    equal validity with the original document.

10
Electronic form to be exclusive, alternative for
Registration
  • The Central Government may also  explained in the
    rules made under section 398 and the section 399
    that the electronic form for the business
    registration, specifies in these sections shall
    be unique from, or in the substitutive or in
    addition to the physical form. The Central
    Government may offer such additional value added
    services through the electronic form and such
    registration fee for those services as may be
    prescribed for the registration purposes.

11
Application of provision of Information
Technology Act,2000
  • All the provisions of the Information technology
    Act,2000(21 of 2000) relating to the electronic
    records of the particular business
    registration to be filed, in so far as they are
    not inconsistent with this Act, shall apply in
    relation to the records  of any business
    registration in electronic form specified under
    section 398.

12
Annual reports of Government companies
  • Where Central Government is a member of a
    Government Company, the Central Government shall
     make an annual report of the business
     registration on the working and affairs of that
    company to be-
  • prepared within three months of the annual
    general meeting before which the comments given
    by the comptroller and Auditor-General of India
    and the audit report is placed under the
    provision to sub-section (6) of the section
    143and
  • as soon as may be after such preparation, laid
    before both the Houses of Parliament together
    with a copy of the audit report and comments upon
    or supplement to the audit report.
  • In addition to the Central Government, all State
    government is also a member of a Government
    Company, the State Government may create a copy
    of the annual report prepared under this section
    (1) to be laid before the House or both the
    Houses of the State Legislature together with a
    copy of the audit report and the comments upon or
    supplement to the audit report referred to in the
    sub-section (1).

13
Fee for filing of Business Registration
  • Any document required to be submitted, filed,
    registered or recorded of registration of
    companies under this Act, shall be submitted,
    filed, registered or recorded within the time
    specified in the relevant provision on payment of
    such business registration fees as may be
    prescribed.
  • The Registrar shall submit the required document,
    fact or information and by using that information
    the Registrar shall, filed, registered or
    recorded, after the time allocated in relevant
    provision for such submission, filing,
    registering or recording, within a period of two
    hundred and seventy days from the date by which
    it should have been submitted, filed, registered
    or recorded, and also the payment of such
    additional registration fee as may be prescribed.

14
  • The required legal action or liability under the
    Act has been taken on such document , fact or
    information without prejudice and also be
    submitted, filed, registered or recorded, after
    the first time specified in first provision on
    payment of fee and additional fee specified under
    this section.
  • Before the expiry of the period, a company
    defects to commit any default to submit, file,
    register or record any document, fact or
    information under the sub-section (1) before the
    expiry of the period explained under the first
    provision to the sub-section with additional fee
    for the company registration, the company and the
    officers of the company who are in default shall,
    without prejudice to the liability for payment of
    fee or additional fee, be liable for the penalty
    or the punishment provided under this Act for
    such failure or default.

15
Fees for registration which is credited into
public account
  • The fees, charges and the other sums applicable
    for the all the operations received by any
    Registrar, additional, Joint, Deputy or the
    Assistant Registrar or any other officer  for the
    registration of the Central Government with
    respect of any provision of this Act shall be
    paid into the public account of India in the
    Reserve Bank of India.
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