Guide to Striking Off a Company in Singapore: Procedures and Requirements

In Singapore, striking off a company is a process that involves closing down a company that is no longer active or operating. There are certain procedures and requirements that need to be fulfilled in order to successfully strike off a company in Singapore.


First and foremost, it is important to note that only solvent companies can be struck off in Singapore. This means that the company must not have any outstanding debts or liabilities, and all its assets must have been distributed to its strike off company singapore. If the company is insolvent, then the proper course of action would be to go through a formal insolvency process such as liquidation.



The first step in striking off a company is to convene a meeting of the board of directors to pass a resolution to strike off the company. This resolution must be passed by a majority of the directors and must be filed with the Accounting and Corporate Regulatory Authority (ACRA) within 7 days.


Next, the company must notify all its shareholders of the intention to strike off the company. This can be done through a formal notice or letter sent to all shareholders, informing them of the decision to strike off the company and providing them with the opportunity to raise any objections they may have.


After notifying the shareholders, the company must also notify its creditors of the intention to strike off the company. This can be done by publishing a notice in the newspapers or sending a formal notice to all known creditors, providing them with the opportunity to submit any claims they may have against the company.


Once all the necessary notifications have been made, the company must file an application for striking off with ACRA. This application must be accompanied by a number of documents, including the board resolution, a declaration of solvency signed by the directors, and a statement of accounts showing that the company has no outstanding debts or liabilities.


After the application has been submitted, ACRA will review the documents and if everything is in order, they will publish a notice in the government gazette to inform the public of the company's intention to strike off. There will be a 30-day period for any objections to be raised by the public.


If there are no objections raised during the 30-day period, ACRA will issue a notice of striking off and the company will be officially struck off the register. The company will cease to exist as a legal entity from that point onwards.


It is important to note that striking off a company is a serious step that should not be taken lightly. It is crucial to ensure that all the necessary procedures and requirements are followed to avoid any complications or legal issues in the future. If in doubt, it is advisable to seek the advice of a professional corporate services provider to guide you through the process.

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