How to Strike Off a Company in Malaysia 如何在马来西亚注销公司
How to Strike Off a Company in Malaysia 如何在马来西亚注销公司
How to Strike Off a Company in Malaysia
The process for striking off a company in Malaysia varies depending on the legal entity. While sole proprietorships only require submission of form C and clear tax obligation, private limited (Sdn Bhd) and public (Berhad) companies require an extensive process.
1. Cease All Business Activities
Before applying for a strike off, you must have ceased all business activities. This includes notifying clients, shutting down operations, and stopping all transactions.
2. Clear Outstanding Obligations
In addition to ceasing business activities, you must ensure the company has settled all outstanding debts, taxes, and obligations with relevant authorities such as the Inland Revenue Board (IRB), Employees Provident Fund (EPF), and Social Security Organisation (SOCSO).
3. Obtain Directors’ and Shareholders’ Consent
A resolution must be passed by the board of directors and approved unanimously by all shareholders to proceed with the strike-off application.
4. Apply to SSM for a Company Strike Off
Once your company has ceased activities and cleared liabilities, the next step is to submit an application for strike off to SSM. Our experts will help you ensure all mandatory documents are in order, including:
• A completed strike off application form.
• A statutory declaration confirming cessation of business and settlement of liabilities.
• Letter of Request for Strike Off.
• Copies of your company’s latest financial statements.
• Tax clearance from the LHDN.
• Any other supporting documents as requested by SSM.
5. SSM Review and Objection Period
After submitting the application, the SSM will review the documents and verify your company’s eligibility for strike off.
This is followed by an objection period which lasts 30 days. During this time, creditors or other parties may raise objections to the strike off.
6. Official Public Notification
If there are no disputes or objections during the review period, the SSM publishes a public notification of your company’s strike off in the Federal Gazette. This serves as an official announcement of the company’s dissolution.
7. Final Dissolution
After publication in the Federal Gazette, your company is officially struck off the register, and ceases to exist as a legal entity. No further actions are required unless new issues arise, in which case the process may be reversed.