Our Services » Company Closure / Striking Off Services

We provide professional services in the closing (or strike off) of local companies, working with the Accounting and Corporate Regulatory Authority (ACRA) and other relevant government agencies. This page provide information about how to deregister a company in Singapore and closing a company in Singapore.

WHAT ARE THE CRITERIA IN STRIKING OFF A COMPANY ?

You may wish to close the company for various reasons. One available option is to strike off the name of the company from the register of Accounting and Corporate Regulatory Authority (“ACRA”).

A director of the company may apply to ACRA to strike off the company’s name from the register. ACRA may approve the application if it has reasonable cause to believe that the company is not carrying on business and the company is able to satisfy the following criteria:

1. The company has not commenced business since incorporation or ceased trading. 
2. The company has no existing assets and liabilities as at the date of application and no contingent asset and liabilities that may arise in the future. 
3. The majority of the shareholders have provided written consent to the striking off application. 
4. All the directors have agreed and consent to the striking off application.  
5. The company has submitted the last set of audited accounts (for a public company limited by guarantee) OR the latest unaudited balance sheet (for all other companies). If the accounts show that the company has assets and liabilities, the applicant must submit documentary evidence to show that the assets have been disposed off and that the liabilities have been settled or waived.
6. The company has no outstanding tax liabilities with Inland Revenue Authority of Singapore (IRAS). 
7. The company has no outstanding employers’ Central Provident Fund (CPF) contributions owed to the CPF Board. 
8. The company has no outstanding debts owed to any other government agency. 
9. There are no outstanding charges in the charge register. 
10. The company is not involved in any legal proceedings (within or outside Singapore). 

HOW LONG WILL THE ENTIRE STRIKING OFF PROCESS TAKE ?

Once the application is approved, ACRA may send a striking off notice to the company’s registered office address, its officers (such as director, company secretary and shareholder) at their address in our records.

• After 30 days from the approval of the striking off application, if there is no objection, ACRA will publish the name of the company in the Government Gazette. This is known as the First Gazette Notification.

• After 60 days from the First Gazette Notification, if there is no objection, ACRA will publish the name of the company in the Government Gazette again and the name of the company will be struck off the register. The date that the company is struck off will be stated. This is known as the Final Gazette Notification.

• The whole process will take around 4 months if there are no objection against a striking off application

• Any interested person can submit an objection against a striking off application. No fee needs to be paid for this objection. If ACRA receives any objection, ACRA will inform the company of the objection. The company is given 2 months to resolve the matter. If the company is unable to resolve the matter within 2 months, the striking off application will lapse. The company can only submit a new application after the objection has been cleared. 

CAN A STRIKE OFF APPLICATION BE WITHDRAWN ?

A company may apply for withdrawal of the striking off application via BizFile website (www.bizfile.gov.sg).

CAN A COMPANY BE RESTORED AFTER BEING STRUCK OFF FROM THE REGISTER ?

Yes, a company can be restored within 6 years after struck off from the register of ACRA by a Court Order. 

There is no filing fee to be paid for the application to ACRA.

WHAT IS THE CONSEQUENCE FOR A DIRECTOR?

Under section 155A of the Companies Act, it states that a director who has at least 3 of his companies struck off by ACRA, within a period of 5 years, will be disqualified from acting as director, or to take part in the management of any company for a period of 5 years commencing after the third company is officially struck off from the register of ACRA.

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