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Striking off / liquidation

The Companies Act allows the ACRA strike a company off the Register if there is reasonable cause to believe that a company has ceased operation.

The ACRA will strike a company off the Register only if the company can meet the following conditions:

  • Ceased operation;
  • Not and will not be involved in any court proceedings, whether in or outside Singapore;
  • No assets and liabilities;
  • No outstanding penalties or offers of composition owing to ACRA and not indebted to other government departments; the company has no outstanding tax liabilities
  • No outstanding charges in its charge register eg. no mortgages etc.;
  • None of the officers of the company have outstanding ACRA summonses.
If the application is approved
  • A "striking-off notice" will be sent to the company at its registered office address, its directors at their residential address and IRAS, within 14 days of the receipt of the application;
  • A period of 1 month is given in the "striking-off notice" to anyone who may wish to raise any objection to strike off application;
  • After expiry of one month, a notification of the intention to strike this company off the Register 3 months later will be made in the Government Gazette. Any interested person can still raise an objection to the application during this 3 months;
  • After the 3 months have expired, a final notification will be made stating that the company has been struck off the Register. The date that the company is struck off will also be stated in the final notification.
  • Process of strike off company will take in all approx 6 months
 
 
 
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