Statutory Overview & Legal Framework
Closing a defunct private limited company in Singapore is governed by Section 344 of the Companies Act (Cap. 50) and administered by ACRA. A company may apply to ACRA to be struck off the register if it has ceased business operations, has no outstanding assets or liabilities, has settled all tax obligations with IRAS, and is not involved in ongoing legal proceedings. ACRA's striking-off process costs S$40 and includes a 30-day notice to company officers, a First Gazette publication, a 60-day public objection period, and a Final Gazette publication. Use this guide to understand ACRA company striking-off rules.
Frequently Asked Questions (FAQ)
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ACRA Compliance at a Glance
Documents Checklist
- Companies Act (Cap. 50, Section 344)
- ACRA Bizfile Online Striking-Off Application Form
- Directors' Resolution approving Striking-Off Application
- IRAS Tax Clearance Confirmation / Final Tax Return Receipts
- Final Bank Account Closure Statement