Striking Off And Liquidation Services Rikvin can assist companies who wish to strike off (deregister) to be struck off the Register under section 344 of the Companies Act, Cap. 50. The ACRA will exercise its powers to strike a company off the Register only if the company can meet the following criteria: 1.The company has ceased operations; is not involved in any suits or involved in any court proceedings, whether in or outside Singapore; 2.The company has no contingent assets and liabilities (i.e. assets/liabilities that may arise in the future); the director(s) have obtained the written consent of the majority of shareholders to strike the name of the company off the register and is not indebted to any government dept including any tax liabilities owing to Inland Revenue. These requirements are put in place to ensure that no other person or party will be adversely affected by the striking off of a company from the Register.