New Company Bill to give more power to RoC

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..... New Company Bill to give more power to RoC - News and Press Release Dated:- 31-10-2010 - News - New Delhi, Oct 31 (PTI) The new Companies Bill is likely to give more powers to the Registrar of Co .....

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..... mpanies (RoC) to monitor the end use of initial public offer (IPO) funds, a move that would require a 10-fold increase in the strength of the RoC. "The RoC would need around 15,000 people, if it were .....

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..... to monitor the end-use of public issues as is being talked about," a finance ministry source said. The RoC, which is responsible for incorporation and keeping the record of over eight lakh companies .....

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..... , have a strength of about 1,500. In a meeting with the Parliamentary Standing Committee on Finance, which scanned the provisions of the Companies Bill 2009, the RoC officials have said that the manp .....

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..... ower strength of all regions need to be increased by at least 10-fold, sources said. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - .....

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..... TMI - TaxTMI - TMITax .....

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