A company register is a register of organizations such as companies in the jurisdiction they operate under.[1] Registration is normally mandated by the government of that jurisdiction.
A company register serves a purpose of protection, accountability and control. In contrast many countries also operate a statistical business register which has a different purpose and plays a central part in a system of official economic statistics at a national statistics office.[2]
Company registers by country
editEach country's company register has different registrar types, contents, purpose, and public availability. They typically contain the name, the owners and key personal of an organisation as well as regular updates as mandated by the government of that jurisdiction, to provide information to stakeholders and the general public. Information has to be maintained by the organization that is registered through regular filings which are typically done when changes occur and at least annually.
ROC Filing Service
editROC (Registrar of Companies) filing services are essential for ensuring compliance with regulatory requirements in India. Particularly in cities like Hyderabad, ROC compliance services support companies in adhering to statutory obligations. For a private limited company, ROC compliances for private limited company encompass filing annual returns, financial statements, and other mandatory documents that ensure transparency and legal accountability. The process of ROC filing for Pvt Ltd company includes submitting periodic updates and returns to the Registrar of Companies, a crucial step for maintaining good standing with the Ministry of Corporate Affairs (MCA).
Failing to comply with these requirements, such as non-filing of annual return with ROC, can lead to penalties, disqualification of directors, and even the potential for company deregistration. Consequently, ROC filing services offer companies the expertise and assistance necessary to fulfill these obligations accurately and timely, mitigating legal risks and fostering seamless operations within India’s regulatory framework.
Openness
editAccording to ratings published in 2016 by the website OpenCorporates, Denmark and United Kingdom are the leaders with regard to openness of information available in a company's register.[3] Registries/registrars in these countries are named, correspondingly, Central Business Register and Companies House.
See also
editReferences
edit- ^ World Bank (24 October 2014). Doing Business 2015: Going Beyond Efficiency. World Bank Publications. p. 47. ISBN 978-1-4648-0352-9.
- ^ Ritzen, Jean. "Statistical Business Register: Content, place and role in Economic Statistics" (PDF). Statistics Netherlands.
- ^ "Open Company Data Index". registries.opencorporates.com. Retrieved 2016-08-28.