If the company has submitted its last audited accounts, the accounts should have no assets and liabilities. However, if the accounts show that the company has assets and liabilities, the applicant must submit documentary evidence to show that the assets have been disposed off and that the liabilities have been settled or waived.
- Once the application is approved, ACRA will send a striking off letter to the company’s registered office address, its officers (directors and company secretary) at their residential address and to IRAS and CPFB.
- If there is no objection, ACRA will publish the name of the company in the Government Gazette. This is known as the First Gazette Notification.
- After 60 days from the First Gazette Notification, if there is no objection, ACRA will publish the name of the company in the Government Gazette again and the name of the company will be struck off the register. The date that the company is struck off will be stated. This is known as the Final Gazette Notification.
- The entire process will take at least 4 months.