Disclosure Requirement for Struck-off Companies

Ministry of Corporate Affairs (MCA) has introduced elaborative disclosure requirements regarding financial statements of companies which are effective from April 1, 2021 i.e. for financial statements prepared for FY 2021-22. One such requirement is disclosure of transactions with companies struck off by Registrar of Companies (‘RoC’) under section 248 of the Act, or under section 560 of the Companies Act, 1956.The following particulars are to be disclosed in such case:

  • Name of the struck-off company
  • Nature of transactions with such company
  • Balance outstanding and relationship with the struck-off the company.
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Currently companies need to search these struck-off companies one by one on MCA site. Use of technology can simplify this time consuming task and ease your work.

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Share the complete list of Companies with CIN/ PAN/ GSTIN in excel and get the latest & accurate status.

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If you are a professional and wish to offer this service to your customers, please contact us for partner pricing.

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Features and Benefits

Search by Name

Search a company by name or CIN (It must be as per MCA to show accurate results).

Search Multiple ROCs

Consolidated result for all Co. irrespective of RoCs they are registered with.

Bulk Search

Do a bulk search for complete list of MCA struck-off companies in minutes.

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Just share the list get started. We shall do all work and send updated status list.

No Integration

Just share the list and it’s done.No need to purchase any software and go into technicalitiies.

Reduce Search Time

We have compiled a comprehensive directory of Struck-off Companies. Just share list and get results.

Up-to-Date Records

The database in the Website is updated on regular basis to keep your records updated.

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We are an ISO Certified Company with professional team so no need to worry for data shared.

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After sharing the list, the dependency on internet, checking online portal etc. can be avoided.

Frequently Asked Questions

Find relevant answers to your questions regarding Struck Off Companies

Struck-Off Companies means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies. It is more like a Closure of the Company and cannot perform any operation thereafter. It ceases to exist as a legal entity and it cannot trade, sell its assets or make payments or even it cannot get involved in any other business activities.

The following are disclosure requirements for Struck-off companies:

  • Name of the struck-off company
  • Nature of transactions with company
  • Balance outstanding and relationship with the struck-off the company

 

A strike-off provision of a defunct company is addressed in Section 560 of the Companies Act.

Every RoC publishes a list of struck-off companies, which means you need to check if your parties exist in that list. RoCs publish lists in an ad hoc manner thus you need to keep an eye on updates at all RoCs.

There is no consolidated list of struck-off companies for a financial year and you need to go through multiple files to know if your party has been struck-off.

You are required to share the Companies list with name CIN/ GSTIN/PAN. Weshall take care of the rest. We shall identify the struck-off companies, check their status and share the updated status list.

You can use ComplianceIndia Status Check for free to search up to 5 Companies per day. If you want to search more Companies then you need to share the list with us and purchase the plan based on list size.

The turnaround time depends on the volume and correctness of names in the list shared. Usually 5000 companies data can be expected in 1 to 2 days. You can contact us anytime for your queries in this regard.

We have been offering services to more than 1500 Companies in India since 2011. We are an ISO Certified Company with professional team so no need to worry for data shared.

We have our databases updated as at 31/03/2022 and we keep it updated on regular basis to provide highly accurate status to you.

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