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CMA Intermediate · Business Laws and Ethics · Company Types, Promotion, Formation and Related Procedures

Which statement about the Registrar's duty when documents for registration of a Producer Company are received is correct under the Companies Act, 2013?

If the Registrar is satisfied that all requirements of the Act are complied with, he must register the memorandum, articles and other documents and issue a certificate of incorporation within thirty days of receiving the documents required for registration.

  1. AIf satisfied that all requirements are complied with, the Registrar shall register the documents and issue a certificate of incorporation within thirty days of receiptCorrect
  2. BThe Registrar must register the documents within sixty days of receipt, whether or not he is satisfied
  3. CThe Registrar may take up to one year to issue the certificate
  4. DThe Registrar issues the certificate only after the first general meeting of Members

Explanation

Section 378C(2) requires the Registrar, if satisfied that all requirements have been complied with, to register the memorandum, articles and other documents and issue the certificate within thirty days of receipt. Registration is conditional on his satisfaction, not automatic, and does not await a general meeting.

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