One of the steps to take when dissolving your company is to file for a strike-off. This will ensure that the company cannot be continued by anyone else and cannot sue you, and can also help avoid legal pitfalls in the future. To get started, you’ll need to make an application with the Registry of Businesses in Singapore.
Why you should strike off a company in Singapore
There are a few reasons you may want to strike off company today in Singapore. For example, if the company is failing to meet its obligations or if it is in financial trouble.
To strike off a company, you will first need to apply to the Registrar of Companies (RC) and provide evidence that the company has ceased to operate. You will also need to provide details of the reasons for striking off the company.
Once the RC has approved your application, you will need to publish a notice in two newspapers circulating in Singapore stating that the company has been struck off and giving details of how to contact you for more information. Finally, you will need to send copies of all documents to all directors and shareholders of the company.
Do you need to strike off a company in Singapore?
If you are the director, secretary or other officer of a Singapore company that is not in good standing with the Companies Registry (CR), then you may need to strike it off.
To strike off a company, you must submit an application to the CR. The application must include:
– A copy of the company’s certificate of incorporation or registration;
– A list of all directors and officers;
– The reasons why the company should be struck off; and
– Any other documents or information requested by the CR.
What are the requirements for striking off a company in Singapore?
There are a few requirements for striking off a company in Singapore. The company must have failed to file an annual return with the SEC, it must have had less than 50 directors during the past year, and it must have had less than 20 shareholders at the time of its dissolution. Additionally, the company’s assets must be seized and disposed of.
How do you file for striking off a company in Singapore?
If you have reason to believe that your company is not carrying out its business in accordance with the law, you may file a petition to have it struck off the register of companies. To do so, you must file a notice of strike-off petition with the registrar of companies. The notice must specify the reasons for striking off the company and set out specific evidence to support your allegations. The registrar will then decide whether to strike off the company. If it does, the company’s activities are immediately terminated and all its assets are placed into receivership.
How long does it take to strike off a company in Singapore?
There is no set answer when it comes to how long it takes to strike off a company in Singapore. This largely depends on the individual case and the specific procedures that are involved. In general, however, striking off a company typically takes around two months from start to finish.