Registrar

Question 1

1. What is the definition of “Registrar” as per Section 2(57) of the Companies Act, 2017?

Answer 1

Answer: “Registrar” refers to a registrar, an additional registrar, an additional joint registrar, a joint registrar, a deputy registrar, an assistant registrar, or any other officer designated by the Securities and Exchange Commission of Pakistan (SECP) who performs duties and functions under the Companies Act, 2017.

Question 2

2. What are some of the key powers and duties of the Registrar?

Answer 2

1.Registration of companies.
2. Receiving various documents that companies are required to submit to the authorities under the Companies Act, 2017.
3. Maintaining records of mortgages and charges.
4. Keeping track of routine company documents.
5. The authority to call upon company officers, including directors, for information and explanations.
6. The power to inspect company books and records.
7. The ability to seize company books and records if deemed necessary for investigation purposes.
R1: Register
R2: Receive
R3: Records (Mortgages)
R4: Records (Routine)
R5: Request
R6: Inspect
R7: Seize

Question 3

3. Can the SECP designate any officer to act as a Registrar?

Answer 3

Answer: Yes, the SECP has the authority to designate any officer to perform the duties and functions of a Registrar under the Companies Act, 2017.