Application for Striking Off of Company

Application for Striking Off of Company

This is the most common way in which a company closes down as it is the cheapest to do so. A private limited company can apply to the regulatory (ACRA) to strike its name off the Register under the Companies Act.

Striking Off a Local Company

The regulatory body (ACRA) may approve the application if the company can prove that it is not carrying on business and that the company is able to satisfy the criteria for striking off.

We provide advisory services relating to striking off or de-registration of businesses and limited liability companies.

Below is the criteria for striking off: 

  • The company has not commenced business since incorporation or has ceased trading.
  • The company has no existing assets or liabilities as at the date of application and no contingent assets and liabilities that may arise in the future.
  • The majority of the shareholders(s) has/have provided written consent to the striking off application.
  • All the directors agree and consent to the striking off application.
  • The company has submitted the last set of audited accounts (only for a public company limited by guarantee) or the latest unaudited balance sheet (for all other companies).
  • The company has no outstanding tax liabilities with IRAS.
  • The Company has no outstanding employers’ CPF contributions owing to the CPF Board.
  • The Company has no outstanding debts owed to any other government agency.
  • There are no outstanding charges in the charge register.
  • The company is not involved in any legal proceedings (within or outside Singapore).

Pricing

Fees charges are depending on the complexity of the current financial position of the Company that need to strike off.  Contact us for actual quotation.

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Key Benefits of the Service

Customer-centric businesses build a virtuous cycle we call the customer wheel. We help companies at every stage of growth, developing custom solutions and collaborating with all levels of your business.

  • We help you understand customer empathise
  • We provide friendly, courteous and efficient services
  • We help to resolve your overhead cost problem
  • We always exceed your expectations
  • We empathise and be quick and attentive to clients if there is a problem or concern
  • We never surprise you with bills you’re not expecting

We help companies identify quick, targeted, customized solutions as well as strategic and operational improvements to boost underperforming sales organizations.

We help clients define the target customer or sweet spot — the area of distinct advantage over competitors—to inform business decisions and investment allocation.

We ensure marketing investments are generating highest returns and reinforcing the brand positioning; and build a loyal customer base through branding that cultivates a strong, trusted image.

We work with companies to develop a series of positive interactions with the customer to earn their advocacy and inform consistent delivery of experiences to drive top-line growth.