Eligibility & Requirements for Striking Off
Only the company directors, shareholders, or liquidators are authorised to apply for a Striking Off on behalf of the company.
The company must also meet the following requirements:
1. No Assets or Liabilities：
- The company must have no assets and no liabilities.
- Its financial records must be complete and free from outstanding issues.
2. Settle All Statutory Obligations：
- The company must fully settle:
- Taxes
- EPF
- SOCSO
3. Keep Company Records Updated：
- The company's records with SSM must be up to date.
- Any changes to directors or the registered address must be updated before applying.
4. No Ongoing Legal Proceedings：
- The company must not be involved in any ongoing legal disputes.
- Companies facing legal action are not eligible for Striking Off.
5. Obtain Shareholders' Approval：
- The application must be approved by the majority of shareholders.
- The required resolution must be passed before submission.
Important Note
- If the company still has Paid-Up Capital that has not been returned to shareholders, Striking Off is not suitable.
- In such cases, Voluntary Winding Up should be considered instead.
Summary
- Striking Off is intended for companies with no assets, no liabilities, and no disputes.
- It is one of the simplest and most cost-effective ways to close a company.
- If you are unsure whether your company qualifies, seek professional advice before applying.