Our Fee for Striking Off Company Service
Striking off a Company Name from the Register of the Registrar is a process where you intent to shut down your business when it could be due to your businesses are running at a loss-making state. You are only allowed to file the striking off company application when all requirements set by the Companies Commission of Malaysia (SSM) have complied. The approval of striking off a company name is subject to SSM’s discretion.
The Registrar would have the power to strike the name of a company off the register if the Registrar has reasonable cause to believe that:
- The company is not carrying on business or not in operation within the meaning of Section 308(1) of the Companies Act 1965 (CA).
- The company has been wound up but no liquidator is acting under Section 308 (3)(a) of the CA in the following circumstances:
- The appointed liquidator failed or refused to lodge the Notice of Appointment of Liquidator with SSM.
- Upon the death of the liquidator and no substitution.
- The appointed Liquidator did not or failed or refused to carry out his duties as a liquidator.
- The liquidator is in his failure to discharge his duty to lodge any return within the 6 months after the company’s affairs are fully wound up pursuant to Section 308 (3)(b) of the CA.
- The company has no or insufficient assets or funds to pay the expenses in obtaining a court order to dissolve the company under Section 308 (3)(c) of the CA.
Further to the above short description on requirements to striking off a company name under section 308(1) of the CA, the following are the full details of explanation from SSM that will be taken into consideration to strike off your company name provided all of the requirements are met:
For a Striking Off Company Name process to be fully completed, it will take 6 to 12 months and this is subject to the approval from SSM Malaysia.