Registrar of Companies oversight of IPO fund end use may require major staffing expansion to enforce new monitoring powers.
The Companies Bill proposes empowering the Registrar of Companies to monitor the end use of IPO proceeds, expanding RoC functions beyond incorporation and recordkeeping to active compliance verification; RoC officials told the Parliamentary Standing Committee that operationalizing such monitoring would require a substantial increase in regional manpower and resources, given the current cadre responsible for records of over eight hundred thousand companies.