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List of MCA Struck Off Companies

Contetra offers a service called 'Strike that', which is an AI tool that helps you to get the details of Struck off companies.

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List of MCA Struck Off Companies

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  1. MCA struck-off company What you should know

  2. A company is "MCA-struck-off" when it's removed from the official register due to inactivity or non-compliance with filing requirements • Explanation

  3. Non-Compliance: • Dormant Status: • Voluntary Strike-Off: Companies get Struck-ff by MCA due to: • Being inactive for two consecutive financial years. • Companies closing down due to various reasons like failure to grow, debt, etc. • Failing to file annual returns and financial statements.

  4. Legal implications: Creditors: The striking off of a company poses significant challenges for creditors, making it difficult to recover their loans. They may face lengthy legal battles, complex asset distribution, and potential losses. Debtors: For debtors, the striking off of a company may bring relief from their obligations, but this relief is not absolute. They may still be required to settle their debts with the government or other authorized entities, highlighting the need for careful navigation of these legal complexities.

  5. Loss of Legal Identity: A struck-off company ceases to be a legal entity, halting all business activities and relationships with customers and vendors. Personal Liability: Despite the company's dissolution, directors and officers may remain personally responsible for the company's debts and liabilities. Asset Forfeiture: The government may confiscate the company's assets, and directors may face restrictions on forming new companies in the future. • Consequences for Struck-Off Businesses:

  6. Check Struck-off status 1. Visit MCA website 2. Click "Search" > "Company/LLP Search" 3. Enter Company Name/CIN & search 4. Check "Status" column for struck-off status

  7. How can one obtain a list of struck-off companies in bulk? You can obtain a list of struck-off companies in bulk by using Contetra's service. Contetra has a proprietary AI tool called Strik-That. With this tool, we can obtain large numbers of struck-off status of vendors with just the company name and PAN/GST number and receive the firms position within 48 hours. This simplifies the process and saves bandwidth of your time checking the status of a large number of companies, which can be a tedious and time-consuming process when done manually on the MCA website.

  8. Conclusion The MCA's striking off of companies is a crucial step to ensure the corporate registry's integrity and accuracy. While being struck off can have severe consequences, companies can avoid this by rigorously complying with regulations and staying updated on legal changes. If a company is struck off, it may be able to restore its status through legal means, provided certain conditions are fulfilled.

  9. THANK YOU! https://contetra.com/strike-that/

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