'Registrar of Companies is the Primary Regulatory Authority for the companies.' Comment on this statement.

The Registrar of the Company is defined under section 2(75) of the Companies Act, 2013 as 'Registrar' means a Registrar, an Additional Registrar, a Joint Registrar, a Deputy Registrar or an Assistant Registrar, having the duty of registering companies and discharging various functions under this Act. Registrars of Companies (ROCs) appointed under Section 396 of Companies Act, 2013 are vested with the primary duty of registering companies in States and Union Territories and ensuring that such companies comply with statutory requirements under the Act. These offices function as a registry of records, relating to the companies registered with them. The records are available for inspection by the public on payment of the prescribed fee. The Central Government exercises administrative control over these offices through the respective Regional Directors. Hence it will be true to say that 'Registrar of Companies is the Primary Regulatory Authority for the Companies'.