The Companies Act
allows the RCB
strike a company off
the Register if
there is reasonable
cause to believe
that a company "
Private Limited" has
ceased operation.
Conditions for
striking off
The RCB will strike
a company off the
Register only if the
company can meet the
following
conditions:
the company has
ceased operation;
the company is not
and will not be
involved in any
court proceedings,
whether in or
outside Singapore;
the company has no
assets and
liabilities;
the company has no
outstanding
penalties or offers
of composition owing
to RCB and not
indebted to other
government
departments; the
company has no
outstanding tax
liabilities owing to
the Inland Revenue
Authority of
Singapore ("IRAS");
the company has no
outstanding charges
in its charge
register eg. no
mortgages etc.; and
none of the officers
of the company have
outstanding RCB
summonses.
If the
application is
approved
a "striking-off
notice" will be sent
to the company at
its registered
office address, its
directors at their
residential address
and IRAS, within 14
days of the receipt
of the application;
A period of 1 month
is given in the
"striking-off
notice" to anyone
that may wish to
raise any objection
to application;
After the 1 month
period has expired,
a notification of
the intention to
strike this company
off the Register 3
months later will be
made in the
Government Gazette.
Any interested
person can still
raise an objection
to the application
during this 3
months;
After the 3 months
have expired, a
final notification
will be made stating
that the company has
been struck off the
Register. The date
that the company is
struck off will also
be stated in the
final notification.
The entire striking
off process will
therefore take about
5 months.
If the application
is NOT approved
If the application
is not approved, for
example, the
documents submitted
are incomplete or
there are still
outstanding assets
and liabilities etc,
the application will
be returned to the
applicant so that
the necessary
changes can be made
or action taken. The
application can then
be re-submitted for
our consideration
again
