Free Up Hundreds Of Hours
Of The Finance Team.

Free Up Hundreds Of Hours Of The Finance Team.

Strike that

is A Service That Helps You Get The Details Of “STRUCK OFF” Companies,
for Hassle-free Compliance With The New Mandatory
Disclosure Requirement Of Schedule III.

is A Service That Helps You Get The Details Of “STRUCK OFF” Companies, for Hassle-free Compliance With The New Mandatory Disclosure Requirement Of Schedule III.
Hold up, what’s this about?
In April 2021, The MCA introduced a brand-new regulation wherein
companies must disclose details of transactions with the companies
that are struck off by the MCA under the Companies Act.
In April 2021, The MCA introduced a brand-new regulation wherein companies must disclose details of transactions with the companies that are struck off by the MCA under the Companies Act.
The details to be disclosed are:

Name of the
Struck-Off company.

Nature of transactions
with such company.
Balance outstanding and relationship
with the struck-off the company.
Balance outstanding and relationship with the struck-off the company.

How would you manually do this?

(By spending hours and hours of precious finance team bandwidth)

MCA MANUAL STEPS (1)
Making a list of Vendors and
Suppliers – That’s easy enough

Get the CIN numbers (There are two ways of
doing this – and both are extremely long-winded)

  1. You could pay some database company for this –
    where you’re unsure about getting latest and
    accurate data
  2. You can reach out to all your vendors and get
    it from them.
Check the struck off status of
each company on the MCA website
one-by-one. We’re exhuasted even
thinking about this.
Enter all the data into
your working file
Consolidate the results
and send it to the financial
reporting team
Get ready for a round of
internal reviews
And, after going through
this tedious process –
get unsatisfactory results 🙁

Step 1:

Making a list of Vendors and
Suppliers – That’s easy enough

Step 2:

Get the CIN numbers (There are two ways of doing this – and both are extremely long-winded)
  1. You could pay some database company for this – where you’re unsure about getting latest and accurate data
  2. You can reach out to all your vendors and get it from them.

Step 3:

Check the struck off status of each company on the MCA website one-by-one. We’re exhuasted even thinking about this.

Step 4:

Enter all the data into
your working file

Step 5:

Consolidate the results
and send it to the financial
reporting team

Step 6:

Get ready for a round of
internal reviews

Step 7:

And, after going through
this tedious process –
get unsatisfactory results 🙁
DON’T WORRY,

We have a much easier way out with

Strike that
We understand how valuable your time and resources
are,
and therefore we have you covered.

You’re free to allocate your resources to more productive activities.
We’ll give you a detailed & accurate report of struck-off status within just 5 working days!

Step 1:
Step 2:
Upload your list of vendors/suppliers
with their GST numbers
(which
is easily available with every
finance team). For those vendors
where GST number is not available,
our tool can also do a PAN or CIN
based search.
Receive the output in record
time
(powered by our AI-
enabled tool that scrapes through
MCA website for you – leaving no
room for manual errors)
We understand how valuable your time and resources are, and therefore we have you covered.
Step 1:
Upload your list of vendors /suppliers with their GST numbers (which is easily available with every finance team). For those vendors where GST number is not available, our tool can also do a PAN or CIN based search.
Step 2:
Receive the output in record time (powered by our AI- enabled tool that scrapes through MCA website for you – leaving no room for manual errors)
You’re free to allocate your resources to more productive activities.
We’ll give you a detailed & accurate report of struck-off status within just 48 hours!

So get

now!

Sounds too easy to be true?

CONNECT WITH US NOW to know more.

Pricing Plans

START

₹ 5,000

1 TO 1000
Companies

*Exclusive of GST

BASIC

₹ 9,000

1001 TO 2000
Companies

*Exclusive of GST

PLUS

₹ 13,000

2001 TO 3000
Companies

*Exclusive of GST

ADVANCED

₹ 13,000

+

₹4

Per Company

More than 3000
Companies

*Exclusive of GST

FAQ

What do you mean by Struck off company?

A Struck off company means the company is no longer operational and it is removed from the list of registered companies.

We simply require the company name and PAN/GST number to figure out the struck off status of a company.

  1. Obtain board approval for the strike-off.
  2. Submit the necessary forms and fees to the appropriate authority.
  3. Notify stakeholders and allow a period for objections.
  4. Ensure all debts and liabilities are settled.
  5. If no objections are received, the company will not be considered as struck off anymore.

When the company strikes off, the business gets removed from the registry. This means that the company can no longer operate. Hence, the struck-off company’s assets get transferred to the government. Later, the government uses these assets to pay the debts. 

The complete procedure takes 3-4 months or more, as the ROC verifies all the documents. This is done as soon as an application is made to the registrar of companies through files, eforms, MGT-14 and STK-2 with penalty charges.

It is mandatory to file INC-20A and AOC-4, as well as MGT-7/7A, before applying to ROC for strike-off. As mentioned earlier, the struck-off company’s assets get transferred to the government, and it may be fined one lakh rupees.

Yes, we can activate the strike off company.

A struck off company can be recovered by administrative restoration. If a firm that has been struck off for a period of time that does not exceed a year may apply under this method by completing the Administrative Restoration form and sending it to Companies House.

Court Order Restoration may be used to complete the restoration if the 12-month time has already passed.

According to the Company Act 2013, the board of directors must pass a resolution striking off the company. The company files STK-2 with the registrar of companies. The registrar publishes a notice in the official gazette and gives a 30-day notice for objections from stakeholders.

We can provide you the output report with struck off status for your list of customers and vendors, by accepting only GST or PAN in the input file. We don’t require CIN number details and instead we provide CIN in the output file.

We can run struck off companies checks in bulk and provide the most accurate status report in the shortest turnaround time.

Only two possible ways to find MCA struck off companies:

1.Do it manually; check every company manually on MCA website for it’s struck-off status.

2.Get it done by a tool like “Strike that” to get the most accurate results in the shortest possible time.

No, as we respect the confidentiality of the data that each of our clients share with us in order to get the correct status of strike off companies.

So, we don’t store any data with us, and nor do we provide access to our tool. The methodology is simple as stated under:

1.You share input file in excel format containing the list with business names, PAN and / or GST details.

2.We process the file at our end, handle exceptions manually, and then rerun the file to ensure tool-based verification.

3.We deliver the most comprehensive output file containing the accurate registered business names, CIN details, and status of each of those companies (amalgamated, active, struck off, etc.).

Yes, you can check the output report sample to understand how you will receive the final file. This sample struck off output report can be seen here – Download Now!

No, our tool is currently not able to check / verify the MSME status of companies. We are building the code behind helping to check the MSME status of companies (vendors or customers) and will soon come up with a positive update on this front!

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