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 advised.
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.
Can anyone else, other than the Company Director or Secretary, apply for striking-off of the company?
The directors or company secretary are the rightful persons to apply for striking off since they are the company officers.
My dormant company is due to hold AGM and submit the Annual Return. Can I 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.
Can I submit unaudited accounts together with my application to strike off a company limited by guarantee?
No. The accounts must be audited.