There are 2 ways to close a company. One is to wind up the company with
professional assistance. The other is to apply for striking off with
ACRA if you are able to meet the requirements stated in the guidelines
ACRA does not indicate any timeline for a company to apply for striking off.
If the company has ceased trading or has been dormant, it may consider
having its name removed from the register.
Yes. A striking-off notice is sent after the application has been approved.
One month later, a first gazette notice is sent to the registered office
address if no objection is received. Upon 3-month expiration of the
first notice and no further objection received, a final notice is also
sent to the registered address.
The newly-incorporated dormant company can rely on a cover letter to apply for striking off.
The directors or company secretary are the rightful persons to apply for striking off since they are the company officers.
instead proceed to initiate striking-off, without incurring penalties?
Yes, your company can proceed to apply for striking-off. There will be no penalty imposed.
We can request ACRA to review the company for striking off based on the criteria laid down.
Yes. A letter of undertaking from the auditor is required for the removal of
the qualification. Alternatively, a new set of unqualified management
accounts can be prepared and certified by the auditors.
No. The accounts must be audited.