What is a Company Strike Off in Malaysia? 什么是马来西亚公司注销(Company Strike Off)?
What is a Company Strike Off in Malaysia? 什么是马来西亚公司注销(Company Strike Off)?
What is a Company Strike Off in Malaysia?
Striking off a company involves removing its name from the Register of Companies maintained by the Companies Commission of Malaysia (SSM).
Once struck off, the company ceases to exist as a legal entity and is no longer liable for compliance, taxes, or operational activities.
There are two types of strike offs:
• Voluntary Strike Off: Occurs when you, as a director or shareholder, voluntarily apply for the dissolution of the company. It typically happens when you have ceased operations, have no assets or liabilities, and have no intention to continue business.
• Involuntary Strike Off: The SSM initiates this process when your company fails to comply with its legal obligations, such as submitting annual returns or financial statements. Involuntary strike offs are less common but can occur as a result of non-compliance or other legal issues.