Striking Off a Business
Striking off is a simple, cost-effective method to close down a Sdn Bhd or private limited company and suitable for business owners who do not wish to go through the more lengthy and tedious process of winding up a company.
Conditions
Striking off a business requires the following conditons:
- not carry on business/operations (and must not intend to do so);
- have no assets or liabilities, including any outstanding charges in the Register of Charges;
- have no outstanding penalties or compounds relating to the Act;
- have no outstanding tax or other liabilities, and have no debts to any government department or agency;
- not have made any return of capital to shareholders (including dividends);
- ensure your information is up-to-date with the Registrar;
- not be involved in any impending legal proceedings; and
- not be a holding company or a “Guarantor Corporation”
Effects of Striking Off
A company approved for striking off is usually be deregistered within 6 to 9 months
- A company shall be dissolved when it is struck off from the register.
- No longer need to lodge all yearly statutory documents.
- No more existing legally
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SCALEUP CORPORATE SERVICES SDN. BHD.
Reg No.:200101018100 (553857-A )
