What may be a Search report?

A Search report is known to be a report compiled on the basis of figures and facts regarding a specific thing. This is a course of action which helps stakeholders to know the details of the company. Any Stakeholder is enabled to search and look at the records, since all the documents are filed with the Registrar of Companies (ROC) and are made available on the web portal of the Ministry of Corporate Affairs (MCA) for the general public to view any time, however by paying a certain amount as fees.

Who is most likely to demand a Search Report?

Numerous Public Departments, Authorities Officiated by Government and Multiple Financial Institutions, demand the report be certified by a Chartered Accountant (CA), Company Secretary or Advocate. It is also to be noted that various stakeholders also hold an interest in the matters and various other activities of the company in regard to personal benefits. That is why the Report, assembled by the aforementioned Professionals, are called Search Report but only after thorough inspection from the Registrar of Companies (ROC) either on the web portal of MCA or from physical records at the office of Registrar of Companies (in case, it is needed).