It is to de-register a local Company from ACRA registry after it has been incorporated. In order for a Company to remove from ACRA registry, it needs to satisfy all the pre-requisite conditions laid by ACRA. The conditions are as below,
- The company has no longer in business, or not in business since it has incorporated
- It must not have any outstanding penalties and debts to ACRA or any Government organisations, as well as no officers has any outstanding summonses with ACRA.
- It do not own any assets or liabilities
- The company has submitted the last set of audited accounts (only for a public company limited by guarantee), OR the latest unaudited balance sheet (for all other companies).
- The company is not and will not be involved in any court proceedings, whether in or outside Singapore
- The company has no outstanding debts owed to any other government agency, no outstanding tax owning to the Inland Revenue Authority of Singapore (IRAS) and no outstanding employers’ CPF contributions owing to the Central Provident Fund Board (CPFB)
- It do not have any outstanding mortgages
- Written consent obtained from all the shareholders
Singapore Accounting and Business Services has experiences professional who are able to provide professional advice and assisting you on this.
Our knowledge and years of experiences in this field will definitely help you to improve the succession rate, as well as speed up and smoothly complete this process.