COMPANY STRIKE OFF S308

1.      What is company strike off?

• Company strike off is the cheapest way to close a Private Limited Company (ie. Sdn Bhd) Only for RM650.00. The process will take one to two years, we will charge one year secretarial fee in advance.

2.      Why to strike off a company?

• Because the company have ceased operation
• To stop paying secretarial fee, audit fee, tax services fee every year maintaning the company
• To stop submitting annual document to CCM (Companies Commission Malaysia) every year which is required under the Malaysia Companies Acts 1965 under normal circumtances (ie. Annual financial report, Annual return and having Annual General meeting every year)
• To leave the company behind forever

3.      What is the Requirement for striking off a company?

• The company must not in operation anymore at the time of applying for striking off
• Must get consent for majority of shareholder
• The company has no fixed assets, current asset and liabilities.
• The company current account must be closed before application
• The company has no outstanding to CCM, Tax and any govt bodies (including whatever compound)
• The information of the company with CCM is up to date
• The company is not involved in any legal proceeding within or outside Malaysia
• The company has not made any return of capital to shareholder
• The company is not a holding or subsidiary of another company

4.      Can I withdraw the application after striking off a company?

• You can only apply before the dissolution take effect

5.      How long does it take?

• Around 15 months

Please click here for the full version directly from CCM [1]