What are some conditions for your company striking off?
- Your company must have closed its bank account.
- Your company had stopped business operations.
- If your company is a GST registered, it has cancelled the GST status with IRAS.
- Your company is not in any court proceedings both inside or outside Singapore.
- Your company has no property assets and creditor liabilities at the date of making the application.
- Your company has no debt owing to ACRA or IRAS.
- Your company has no other liability to creditors.
- None of the officers in your company has outstanding ACRA summonses.
- Your company is not indebted to any other government department.
- Your company secretary and directors must not have any unsettled ACRA summons.
- ACRA records of directors’ particulars must be the same as in the records of striking off application.
- All directors and majority shareholders in your company must consent in writing to the striking off.
What is the procedure for applications of strike off to be approved?
An application for Striking Off must be submitted to ACRA. The whole procedure takes about 5 months.
- It takes about 14 days to process the application.
- ACRA will send a “striking off notice” to the company’s registered address, its directors and company secretary at their residential address, and to IRAS (Inland Revenue Authority of Singapore).
- “Striking off Notice” is open for 1 month to allow any person who wishes to object to the striking-off.
- After the expiry of one month, ACRA publishes in the Government Gazette, a notification of the intention to strike off this company. During this 3 months period, any interested person can still raise an objection to the application.
- After the expiry of four months, ACRA will issue a final notification 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 whole striking off procedure takes about 5 months.
At J Accounting Services, we have a wide range of corporate secretarial services that cater to each and everyone’s needs. For those who intend to engage a third party service provider firm to strike off your company, do contact J Accounting Services. Our one-time flat fees for company strike off at $385 only. The striking off application and government fee will be absorbed by J Accounting Services.
Take a look at our website www.j-accountingservices.com to learn more about us and all the services we have to offer you.
