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Q:
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What does it mean to strike off a company?
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A：
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Striking off a company’s name from the register means deregistering the company from the Register of Companies. The eventual outcome of striking off is that the company will be dissolved.
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Q:
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What are the criteria to strike off a company?
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A：
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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 for striking off:-
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The company has not commenced business since incorporation or has ceased trading.
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The company has no outstanding debts owed to Inland Revenue Authority of Singapore (IRAS), Central Provident Fund (“CPF”) Board and any other government agency.
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There are no outstanding charges in the register of charges.
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The company is not involved in any legal proceedings within or outside Singapore.
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The company is not subject to any ongoing or pending regulatory action or disciplinary proceeding.
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The company has no existing assets and liabilities as at the date of application and no contingent asset and liabilities that may arise in future.
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All directors agree to the application to strike off the company.
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The director(s) must obtain the written consent of the majority of the shareholders;
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All bank account(s) of the company must be closed.
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Q:
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Can a striking off application be objected?
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A：
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Yes, any interested person can submit an objection against a striking off application. 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.
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Q:
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How long is the entire striking off process?
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A：
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The entire process of striking off will take around 4 to 5 months. If there is objection from any interested person, the processing time will be extended.
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Q:
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Can a company be restored after it has been struck off?
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A：
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Yes, a company can be restored within 6 years after the company’s name has been struck off, by Court Order.
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FAQ
