Online ROC Search Report
ROC Search Report is an important tool for stakeholders or Banks for inspecting the Company's records. Search Report for ROC must be prepared by professionals like CS, CA, CWA, and attorneys after detailed inspection from the records of the Registrar of Companies. Usually, documents filed or registered by ROC are available for inspection on payment of prescribed fees. The Search Reports of an organization serve the purpose of stakeholders in making decisions on investment, loan advances control, and management, or to enter into a contract with the company.
Get in touch with our team of Tax Seva Kendra for more information on ROC Filing and ROC Search Report and for legal assistance on several topics.
Search Report of the Company includes the following details:
- Name of Company
- CIN of Company
- Registered Office Address
- Capital Structure
- List of Directors
- List of Shareholders
- List of Registered Charges
Uses of Search Report
Generally, banks require an inquiry report back to assess the corporate before granting loans. The search report defends itself from any default company or company that has default directors. The history and title of the properties owned by the corporate are often traced by preparing an inquiry report because it provides details of charge holders, hypothecation, and mortgage created which may benefit the banks at the time of granting the loan.
It helps the shareholders to understand the status of the corporate. They'll obtain a search report to understand the status of their shares held within the corporate and thus the date on which their shares are transferred. Since the search report provides the entire history of the corporate since incorporation, it helps them to make a decision before investing within the company.
An individual may get the search report prepared before becoming a director of the corporate. He can get to know the directors and assets and liabilities of the company. The customers or suppliers may get a search report of the company before stepping into any agreement or contract with the company.
