On March 24, 2021, the Ministry of Corporate Affairs (MCA) has introduced elaborative

financial statement disclosure requirements effective from April 1, 2021, i.e., for financial
statements prepared for FY 2021-22. One such requirement is a disclosure of transactions
with companies struck off by the Registrar of Companies (‘RoC’) under section 248 of the
Act or under section 560 of the Companies Act, 1956. 

Strike Off 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 particulars are to be disclosed in such case: 

 Name of the struck off company  

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

It is important for every corporate with a large vendor/supplier group to update and
monitor the “strike off company status” of vendors/suppliers before every new financial year
to protect future business interests. 

The question is how to get update on the “strike off company” status? 

Technowire Data Science Private Limited can help you identify the list of such organizations,
below are the following methods. 

How the Problem can be resolved by Technowire DataScience Private Limited?

1. A complete List of Struck off Companies with Complete Master Data of

Company in CSV / Excel Format
a. Approx. Results are 7.05 Lakhs CIN Numbers

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2. Mapping CIN Number against each Company Name / PAN / GSTIN

a. Where List of Company Name is provided by the client
b. And the deliverable is CIN Number against Company Name or PAN
Number or GST Number.
c. The whole process is completed in quick manner through AI + ML
for Mapping CIN Number using provided information.

AND
 3. CIN to Company Status Verification (whether Active / Strike Off / Amalgamated /
Liquidated etc.)
a. Where List of CIN is provided by the client
b. We offer the Master Data of the company on regular Basis to track
their status From MCA.
c. Modes of Deliveries : Excel / CSV / JSON / APIs

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Why select Technowire Data Science Private Limited for Struck off Services?
- Mapping of the CIN against Name of Company
- Also provide the CIN of Companies where Names have Changed
- Pay only for Successful CIN Mapping Only
- No Data Disclosure Agreement to Secure the Data
- Multiple levels of QCs to provide 99% data accuracy
- NDAs to secure and protect the confidentiality of the records
- Regular Updates of the Data in required formats
- API Integrations Available