Section 291 of the Companies Act, 2013
Section 291 of the Companies Act, 2013
Title: "Power of Registrar to inspect books, etc."
📘 Summary:
Section 291 empowers the Registrar of Companies (RoC) to inspect the books of accounts, books, and papers of a company to ensure compliance with the Act and verify the company's affairs.
🔍 Key Provisions:
✅ 1. Inspection Powers:
The Registrar or any officer authorized by the Central Government can:
Enter the registered office of a company,
Inspect its books of accounts, registers, and other documents,
Make copies or take extracts from these records.
🕒 2. Purpose of Inspection:
To ensure the company is:
Maintaining proper records,
Complying with statutory requirements,
Conducting its business lawfully.
⚖️ 3. Time and Manner:
Inspection is generally carried out during business hours.
The Registrar must act in accordance with prescribed rules.
🧾 Purpose:
To provide a regulatory check on companies,
Help prevent fraud and mismanagement,
Facilitate transparency in corporate governance.
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