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FAQs  Striking Off


If my last set of Company accounts is qualified, can I use it to apply for striking-off?

Yes. A letter of undertaking from the auditor is required for the removal of the qualification. Alternatively, a new set of unqualified management accounts can be prepared and certified by the auditors.



My newly-incorporated dormant company has never filed AR before. Can I apply for striking off?

The newly-incorporated dormant company can rely on a cover letter to apply for striking off. Please visit our website www.acra.gov.sg. for the guidelines on application for striking off for the content of the letter.



My company has no more directors. Can I apply for striking-off?

ACRA will review the company for striking off, based on the criteria laid down.



My dormant company is due to hold AGM and submit the Annual Return. Can I instead proceed to initiate striking-off, without incurring penalties?

Yes, your company can proceed to apply for striking-off. There will be no penalty imposed while filing the application.



Striking-off takes 5 months to complete. Will ACRA inform us on the actions taken?

Yes. A striking-off notice is sent after the application has been approved. One month later, a first gazette notice is sent to the registered office address if no objection is received. After 3-months of the first notice and if no further objection received, a final notice is also sent to the registered address.



What are the procedures to close a company?

There are 2 ways to close a company. One is to wind up the company with professional assistance. The other is to apply for striking off with ACRA if you are able to meet the requirements stated in the guidelines on application for striking off.



Can anyone else, other than the Company Director or Secretary, apply for striking-off of the company?

The directors or company secretary are the rightful persons to apply for striking off since they are the company officers.



From the last set of audited accounts, what are the necessary pages required to scan into pdf format, since the accounts are prepared in a number of pages?

Statement by directors, auditors report and balance sheet are required to be scanned into pdf format. If the company is an exempt private company, please provide the latest exempt private company certificate.



How long must my company be inactive before I can apply for striking-off?

ACRA does not indicate any time schedule or limit for a company to apply for striking off. If the company has ceased trading or has been dormant, it may consider having its name removed from the register.



How can my company reinstate its struck-off status?

An order from court is to be obtained to reinstate the company which has been struck off. Upon receiving it, it is to file "Lodgment of court order of reinstatement of company that has been struck off/dissolved at a filing fee of $10.



Can a company limited by guarantee apply for striking off?

Yes, it can. The procedures are same as when submitting a striking off application for a company limited by share. The only difference is that the company which is limited by guarantee must submit the last set of audited accounts while submitting the online application for striking off.



I want to strike off a company limited by guarantee. Do I need to attach the last set of audited accounts when I submit the application?

Yes



Can I submit unaudited accounts together with my application to strike off a company limited by guarantee?

No. The accounts must be audited.



If the liabilities in the accounts are more than 6 years or statute-barred by the Limitation Act, what documents are to be submitted by the company?

A letter from the auditor or a lawyer confirming that these liabilities are statute-barred by the Limitation Act has to be attached in pdf format together with the striking off application submitted on-line.




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