The Singapore Companies Act allows the Accounting and Corporate Regulatory Authority (ACRA) to strike off the company Register, if there is reasonable cause to believe that a company has ceased operation.
The followings conditions must be met before the striking off process can be considered:
- 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 amount owing to any government departments.
- The company has file all its accounts up to date, if any with inland revenue
The entire striking off process will therefore take about 5 months.