Criteria to strike off a company
According to ACRA, here are criteria to strike off your business:
The company has not commenced business since incorporation or has ceased trading.
The company has no outstanding debts owed to Inland Revenue Authority of Singapore (IRAS), Central Provident Fund (CPF) Board and any other government agency.
There are no outstanding charges in the charge register.
The company is not involved in any legal proceedings (within or outside Singapore).
The company is not subject to any ongoing or pending regulatory action or disciplinary proceeding.
The company has no existing assets and liabilities as at the date of application and no contingent asset and liabilities that may arise in the future.
All/majority of the director(s) authorise you, as the applicant, to submit the online application for striking off on behalf of the company.
Who may apply to strike it off?
The company director, the company secretary or the registered filing agent can submit an online application via BizFile+ using SingPass or CorpPass to strike off the company.
Process of Striking-Off a Company
It may take at least 4 months to complete the whole striking-off process
After getting approved, ACRA may send a striking off notice to the company’s registered office address
After 30 days from the approval, ACRA will publish the name of the company in the Government Gazette known as the First Gazette Notification (if there's no objection).
After 60 days from the First Gazette Notification, ACRA will publish the name of the company in the Government Gazette again and the name of the company will be struck off the register (if there's no objection).
Source: ACRA website
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