Company Deregistration

Company Deregistration

 Limited company business owners, whose company is defunct and solvent, want to cease thier business must prepare to deregister it. You can't leave the company open and hope a dormant company being deregistered. Non-filing of returns to the Companies Registry may be penalised. The deregistration process normally takes about 9 months to complete.

Any person who knowingly and recklessly gives information to the Companies Registrar that is false or misleading in a material particular is liable to a fine and to imprisonment. As the deregistration process is more technical and affecting company's property. A company should seek advice from its lawyer or certified public accountant on the disposal of its property before making an application.

Who Can Apply 
the company; or 
a director or member of the company.

 Requirements
all the members of the company agree to the deregistration;
the company has never commenced business or operation, or has ceased to carry on business or ceased operation for more than 3 months immediately before the application;
the company has no outstanding liabilities; and
it has obtained a written notice of no objection from the Commissioner of Inland Revenue.

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