Conditions to strike off a Singapore company
Can we strike off our company that never traded?
The situation
A company can apply to ACRA to be struck off under s344A if it has not started business or has ceased, has no assets or liabilities, and meets other conditions.
The law
- Sec 344A, Companies Act 1967: Application to the Registrar to strike off a company
What it means for you
Other conditions include no outstanding tax, CPF or charges, no legal proceedings, and agreement of all shareholders. ACRA checks with agencies such as IRAS and CPF Board. If any condition fails, members' voluntary winding up may be needed.
What to do
- Confirm the company has no assets or liabilities.
- Clear outstanding tax and CPF.
- Get shareholders' agreement.
- Apply on BizFile.
We can do this for youStriking off a Singapore company: SGD 800