MCA keen on RoC focusing on regulatory responsibilities

With the entire process of registering a company set to go online by July, the Registrar of Companies (RoC) could see a change in its role. That's because the Corporate Affairs Ministry is keen that the RoCs should now focus more on their regulatory responsibilities. CNBC-TV18 Malvika Jain reports.

Starting next month, you can register your company within 24 hours thanks to the whole process going online. But does this mean less work for the Registrars of Companies who have so far spend most of their time ensuring that companies complete their pre-registration paper work? Well, not really. The Ministry of Corporate Affairs has other plans for the RoCs. The MCA now wants them to pay more attention to regulating corporate affairs rather than just registering firms.
DK Mittal, Corporate Affairs Secretary says