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Amedments in striking off provision, making it difficult

Company strike off refers to the process by which a company is officially removed or struck off from the register of companies, ceasing to exist as a legal entity.<br>

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Amedments in striking off provision, making it difficult

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  1. Amendments in Striking Off Provisions: Making Exit Difficult

  2. Introduction

  3. Importance Of Striking Off Provisions • Simplicity and Clarity: Over time, legal documents or regulations may accumulate provisions that are outdated, redundant, or contradictory. • By striking off unnecessary or conflicting provisions, the document becomes simpler and easier to understand. • Flexibility and Adaptability: Striking off provisions allows legal frameworks to evolve and adapt to changing circumstances. • As societal, economic, or technological conditions change, certain provisions may become obsolete or hinder progress

  4. Recent Amendments

  5. Reasons For Making Exit Difficult • Combating Fraud: One of the primary reasons for making the striking off process more challenging is to combat fraudulent activities. • By imposing stricter measures, authorities aim to deter individuals or companies from engaging in fraudulent process more challenging is to protect stakeholders, including creditors, employees, and customers. • Protecting stakeholders: Making the process of company closure more stringent helps protect stakeholders, including creditors, employees, and customers.

  6. Implications For Companies

  7. Our Company Services • 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. Step 1- Step 2- • ConTeTra provides Solution for below Two Steps only by using below tool- Upload your list MCA Struck Off Vendors /supplierswith their GST numbers (whichis easily available with everyfinance team). For those vendorswhere GST number is not available,our tool can also do a PAN or CINbased search. Receive the output in recordtime (powered by our AI-enabled tool that scrapes throughMCA website for you – leaving noroom for manual errors)

  8. Contact Us

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