Search results
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 The Strike-Off option is a quick and simple solution when a corporation is no longer active and directors no longer want to pay for its upkeep.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
OBJECTIVES. This Guidelines serves as a guidance for members or directors of a company to apply for a striking off procedure pursuant to section 550 of the Companies Act 2016 (CA 2016).
Jun 19, 2024 · How to Strike Off a Company in Malaysia: The Procedures Involved. Several reasons could lead to shutting down or striking off a company such as the death of the owner or any major stakeholder in the company, dormancy, and inability of the company to bring in profit, among many others.
Jun 18, 2024 · Striking off means officially dissolving a company without assets, outstanding liabilities, or active legal proceedings, and can happen for several reasons: Shareholders leaving, dying, or getting into disagreements. Company is dormant and shareholders don’t want to keep paying maintenance fees. Company has run out of funds to continue operating.
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.
to strike the name of a company off the Register if he has reasonable cause to believe that the company is not carrying on business or the company is not in operation.
Strike Off. Upon applying for winding up purpose, followings are the documents needed to be submitted to IRBM: Form CP7 – Notice To Call For Information Under Section 81 Of Income Tax Act 1967 – Statement For Striking Off Dormant Company.
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 ...
Strike off falls under Section 308 of the Companies Act 1965. The Companies Commission of Malaysia or “SSM” in short, issued guidelines and procedures that a company need to follow to be qualified for Strike Off.
