Free Struck-Off Companies Check
Looking for information on struck off companies in India? The Registrar of Companies (ROC) maintains a list of companies that have been struck off the register. And now, with SignalX’s MCA Struck off Companies Check, you can easily access this information at no cost.
Our free tool eliminates the need for manual searches, saving you time and effort. Get accurate and up-to-date information on MCA struck off companies with SignalX’s Struck Off Company Search Tool.
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What is a struck off company?
A struck off company is a business entity that has been removed from the official Registrar of Companies(RoC) and is no longer legally recognized as a valid business. This can happen for numerous reasons, such as failure to file required documents or pay fees to the relevant regulatory agency, ceasing to carry on business, or being inactive for an extended period of time. Being struck off can have serious consequences for a company, including loss of legal recognition, seizure of assets, potential personal liability for directors, reputation damage, and difficulty restoring the company.
Disclosure Requirement for struck off companies
The financial statements of a company give shareholders a better understanding of the various gradients of a company’s transactional behavior. For example, material loans, guarantees, or security transactions with related parties. All the financial statements of the company must be in accordance with Schedule III of the Companies Act 2013.
In light of the above, on 24th March 20211, the Ministry of Corporate Affairs introduced a new disclosure requirement for company financial statements effective from April 1, 2021, which will apply to those prepared for the upcoming fiscal year 2021-2021.
One such requirement states the disclosure of transactions with the struck off companies declared by the Registrar of Companies(RoC) under section 248 of the Act, or under section 560 of the Companies Act, 1956.
In such a scenario, the below particulars are to be disclosed,
- Name of the struck off company
- Nature of transactions
- Balance outstanding and relationship with the struck off companies.
What is SignalX MCA Struck off companies check tool?
Searching for MCA Struck off companies manually can take days. With SignalX struck off companies check you get all the details you need within seconds with just one click.
- Search by the Name of any company
- Multi-ROC data search
- Start your search within seconds, with no email required.
- Make your search directly from “page URL”, no integration is needed.
Why SignalX for your MCA struck off companies’ searches?
Reasons to use SignalX MCA struck-off companies check tool –
- Save multiple days of manual work with just one click.
- Stay up to date with the latest updates on your searched companies
- Make your search more accurate with an AI-power search engine(with no error)
- Only search with the company “Name” and get your details for free
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Frequently Asked Questions
Ques: How do I know if MCA strikes off my company?
Ans: Striking off a company is also an alternative to the process of winding up a company. According to the Company Act, there are two ways by which a company can get strict off,
Strike off by RoC (Registrar of Companies) under Section 248(1) of the Companies Act 2013.
Strike off by a company on its own, under Section 248(2), of the Companies Act 2013.
Reasons for striking off
A company can be struck off based on the following criteria –
- The company has not begun any business within one year of incorporation.
- The company hasn’t been pursuing any business or activity for the preceding two financial years, for which it hasn’t sought the status of Dormant Company under Section 455 of the Act.
Ques: What happens if RoC strikes off a company?
Ans: In most cases, a company struck off by MCA means that the company is closed and the name of the company is to be struck off by the Registrar of Companies.
Once the MCA has struck off a company, it will no longer exist and cannot perform further business operations.
Ques: How can a company recover from being struck off?
Ans: A company being struck off by the MCA can be recovered by a procedure known as Administrative Restoration. In this procedure, a company that has been struck off for a period not preceding 12 months can submit an application to the Companies House and by filling out the Administrative Restoration form.
If the period of 12 months has been preceded then the restoration can be done through Court Order Restoration.
Ques: Does a company strike-off affect credit rating?
Striking off of a company from the MCA means the name of the company is removed from the Registrar of Companies and the company ceases to exist.
This does not affect one personal credit rating.
Ques: Can a struck-off company still trade?
Ans: When MCA Strikes off a company, it removes the name of the company from the ROC. In other words, the company gets dissolved and ceases to exist.
At this stage, that company cannot perform any trade or business activities or run any operations.
Ques: How do I find transactions with struck-off companies?
Ans: One of the requirements by the MCA is the disclosure of transactions with the companies struck off by the Registrar of Companies(RoC) under section 248 of the Act, or under section 560 of the Companies Act, 1956.
In such case, the following particulars need to be disclosed –
- Name of the struck-off company
- Nature of transactions with such companies
- Balance outstanding and relationship with the struck-off company.
With the SignalX Strike off companies check, you can see the strike-off status of any company within seconds by just entering the company name.