We provide professional services in the closing of company or Strike off of local companies with Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies. The Accounting and Corporate Regulatory Authority (ACRA) will strike a company off the Register only if the company can meet the following conditions:
The company has ceased operation; The company is not and will not be involved in any court proceedings, whether in or outside Singapore;
The company has no assets and liabilities; The company has no outstanding penalties or offers of composition owing to Accounting and Corporate Regulatory Authority (ACRA) and not indebted to other government departments; the company has no outstanding tax liabilities owing to the Inland Revenue Authority of Singapore ("IRAS"); The company has no outstanding charges in its charge register eg. no mortgages etc.; None of the officers of the company have outstanding Accounting and Corporate Regulatory Authority (ACRA)summonses.
Upon approval of strike off, A "striking-off notice" will be sent to the company at its registered office address, its directors at their residential address and IRAS, within 14 days of the receipt of the application;
A period of 1 month is given in the "striking-off notice" to anyone that may wish to raise any objection to application; After the 1 month period has expired, a notification of the intention to strike this company off the Register 3 months later will be made in the Government Gazette. Any interested person can still raise an objection to the application during this 3 months;
After the 3 months have expired, a final notification will be made stating that the company has been struck off the Register. The date that the company is struck off will also be stated in the final notification. The entire striking off process will therefore take about 5 months.