Conditions for Striking Off Company
ACRA will strike a company off the register only if the company meets the following conditions:
- The company has ceased operation
- The company is not and will not be involved in any court proceedings in or outside Singapore
- The company has no assets and liabilities*
- The company has no outstanding penalties or offers of composition due to ACRA and is not indebted to other government departments
- The company has no outstanding tax liabilities to the Inland Revenue Authority of Singapore (IRAS)
- The company has no outstanding charges in its charge register (e.g. no mortgages, etc.)
- None of the officers of the company have outstanding ACRA summonses
- If the Company is GST registered, kindly cancel it before the Company is submitted for strike off
Process of Striking-Off a Company
Upon approval of a strike-off, a Striking-Off Notice will be sent to the company at its registered office address, to its directors at their residential addresses and to IRAS, within 14 days of the receipt of the strike-off application.
A period of one month is given in the Striking-Off Notice to anyone who may wish to raise any objection to the application.
After the one-month period has expired, a notification of the intention to strike this company off the register in three months’ time will be made in the Government Gazette. Any interested person can still raise an objection to the application during this three-month period.
After the three 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.
The entire striking-off process takes about five months in total.
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Lead Time For Service
Case-by-Case Basis - Usually around 5 to 6 months
Compliance with Local Laws
Why do you need a Corporate Secretary?
Section 171 of the Singapore Companies Act, Chapter 50 requires ALL Singapore Companies to appoint a Singapore Company Secretary to handle on-going statutory compliance matters.