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Status of Application to Strike-off a Company Under S308 of Companies Act 1965 / Under S550 of Companies Act 2016. Registration Type.
There are 2 ways to close down a company in Malaysia- striking-off or winding-up. The Strike-Off option is a quick and simple solution when a corporation is no longer active and directors no longer want to pay for its upkeep. In this article, we explore in-depth on the Strike-Off option as it is one
May 27, 2020 · Striking off is one of the processes available under the Companies Act 2016 for the dissolution of a company. When a company becomes dormant, and directors do not wish to continue incurring costs for its upkeep, striking off can be fast, straightforward and cost-effective.
Application to Strike off Company. Section 550 of the Companies Act 2016 provides that the Registrar may strike a company off the register either on his own motion or upon an application by a director, member/shareholder or liquidator of the company.
Jun 18, 2024 · This guide provides an overview of the striking off process in Malaysia, including: reasons for initiating a strike off; conditions to qualify for a strike off; the three stages involved; objecting to or withdrawing a strike off; reinstating a struck off company, and; the difference between striking off and winding up
Apr 30, 2024 · Procedure to strike off a Malaysian Company with SSM. According to Section 550, the appointed Company Secretary must prepare the documents below for all directors and shareholders to sign off: Section 550 – Application to strike off the letter with a fee of MYR 100; Cover letter – The director to state the reason why the strike-off ...
Subject to section 549, the Registrar may strike a company off the register either on his own motion or upon an application by a director, member or liquidator of company. SECTION 551: NOTICE OF INTENTION TO STRIKE OFF COMPANY.
Striking off is one of the procedures available under the Companies Act 2016 (CA 2016) for a company to be dissolved. If the directors of the dormant company do not wish to continue their operation and no longer want to pay for its upkeep, striking off can be the fastest and best solution.
May 5, 2021 · A simple, cost-effective method to close down an Sdn Bhd or private limited company or business is to request that the Companies Commission of Malaysia (“CCM”) strike it off from the register pursuant to Section 550 of the Companies Act 2016 (the “Act”). This will effectively dissolve a company.
Jun 2, 2021 · So what is to expect next? There are two common methods for closure of a company: 1. Strike Off / De-registration. 2. Winding Up (Compulsory winding up OR Voluntary winding up) Strike Off / De-registration.
