Registrar of Companies for UTs of J&K & Ladakh’s office celebrated the festival of Azadi Ka Amrut Mahotsav at both of its offices located in the Capital cities of Srinagar & Jammu.
Azadi Ka Amrit Mahotsav’ is an initiative of the Government of India to celebrate and commemorate 75 years of independence of progressive India and the glorious history of its people, culture and achievements.
Speaking on the occasion, Astt ROC cum official Liquidator (attached to High Court of J&K) & Incharge for Kashmir office, Mr Haamid Bukhari talked about the evolution of corporate culture since Independence in the country and how over the period of time different body corporates contributed in the growth & generation of wealth. He showcased the importance of different Government policies and legislatures that had been brought depending on the need of the times, chronology wise and highlighted the importance of Private sector that plays a pivotal role in the generation of wealth in the country.
The focus of the discussion was primarily the process through which Doing Business has been eased in India because of which our rankings in different reports have improved significantly in the past 2-3 years.
Haamid Bukhari also talked about the Limited liability partnership EcoSystem that has been revitalised with the decriminalisation of minor defaults and purposefully it is being done so that unincorporated businesses should shift to the Incorporated & registered ones to achieve the target of 5 Trillion USD Economy.
Carrying forward the festivities in the event, the legal trainees appointed at the Srinagar office Nauman Zargar, Iqra Mir & Fabiha Wani presented the chronology of events that have taken place & has profound impact on the corporate Governance in the country.
Nauman discussed the Gandhian philosophy behind the concept of Corporate Social Responsibility under Section 135 of the companies act, 2013 and the impact it can create in transforming the lives of different strata of people. He also talked about the National CSR Awards that has been started by Union Ministry of Corporate Affairs.
Fabiha Wani & Iqra Mir talked at length about the Insolvency and Bankruptcy Code (IBC Code) that is not just a game changer legislation but has significantly contributed to placing India among the good ranks in the Ease of Doing Business.
Shri Raj Kumar concluded the event with his vote of thanks and discussed about the Investor Eduction and Protection of funds.
It is pertinent to mention that RoCs mandate is the enforcement of different central legislations like Companies Act, 2013 and LLP act 2008 and is a senior Government officer heading a State/UT. During the entire COVID lockdown, RoC offices across the country were declared as offices rendering essential services.
