Manually identifying stuck-off companies can be time-consuming and take up a lot of effort. With Webtel's solution, you can easily identify MCA stuck-off companies without having to spend hours manually identifying MCA Stuck-Off Companies.
You must be aware that Revised Schedule III of the Companies Act, 2013 (Notification dated 24 March 2021) is applicable for financial statements prepared from FY 2021-22 onwards. Among other things, it is mandatory for a company to disclose the prescribed details, if it has any transactions with companies struck off under section 248 or 560 o f the Companies Act, 2013.
Following transactions are covered,
Receivables Payables Investments in securities
Shares held by a stuck-off company Others (to be specified)