What Is It?
A company strike off is a formal application to SSM to remove your company from the register when it is no longer operating. It is the simpler alternative to a full winding up, but is only available if the company meets strict eligibility conditions under the Companies Act 2016.
Close your company properly
Why You Need It
- A dormant company still incurs annual compliance obligations. Striking it off removes those obligations permanently.
- Directors of a company that is not properly closed remain personally liable for any ongoing legal obligations.
- SSM may impose compounds on a dormant company that fails to file its annual returns, even if it has no activity.
What You'll Need
- Shareholders' resolution approving the strike-off application
- Management accounts showing nil assets and liabilities
- Bank statements
- Tax clearance certificate from LHDN
- Completed Declaration: Application to Strike Off Company (Schedule B, Practice Directive 1/2017)
- Completed checklist (Appendix 2)
Eligibility Requirements
- Shareholders' resolution passed approving the strike-off application
- No assets or liabilities, shown in management accounts
- No charges registered with SSM
- No outstanding penalties or compounds under the Companies Act
- All tax matters settled, with a tax clearance certificate obtained
- Company and director details up to date with SSM
- Not involved in any court proceedings
- No return of capital made to shareholders
- Not a holding company or guarantor
Pricing
Frequently Asked Questions
The process typically takes 3 to 6 months. SSM publishes a gazette notice giving 30 days for objections before removing the company from the register.
Strike off is simpler and cheaper, but only available for companies with no assets, liabilities, or ongoing obligations. Winding up is the formal liquidation process for companies that still have assets to distribute or debts to settle.
Yes. A company can apply to the court for restoration within 7 years of being struck off, but the process is costly and requires showing a legitimate reason.
Close Your Company Properly
We check eligibility, prepare all documents, and handle the SSM application from start to finish.
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