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Application to strike off a company. 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. There is no filing fee for this transaction.
Striking Off a Company. Companies are required to settle all outstanding tax liabilities and obligations with IRAS before applying for strike off with the Accounting and Corporate Regulatory Authority (ACRA). Otherwise, IRAS will object to your ACRA strike off application and your strike off application will take longer to be cleared.
Aug 27, 2019 · What Does It Mean to Strike Off a Company? Striking off a company’s name from the register simply means deregistering the company from the Register of Companies. The eventual outcome is that the company will be dissolved.
Jul 29, 2020 · In exercise of the powers conferred by section 411 of the Companies Act, the Minister for Finance makes the following Regulations: Citation and commencement. 1. These Regulations may be cited as the Companies (Striking Off) Regulations 2015 and come into operation on 3 January 2016.
Striking off. A company may apply to ACRA to strike off its name from the Register. ACRA may approve the application if there is reasonable cause to believe that the company is not carrying on business, and the company is able to satisfy the criteria for striking off.
Criteria for striking off a Singapore company. The set of criteria by ACRA is: 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.
Striking off is one of the ways of closing down a local company. If the company is no longer doing business, an application can be made to the Accounting and Corporate Regulatory Authority to strike the company’s name off the Companies Register. What are the requirements in striking-off a company?
