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It is our standard practice to advise client, who wish to dissolve companies, that they should always explore if they can proceed to apply for their companies to be struck off from the Register, pursuant to Section 344 of the Singapore Companies Act, in lieu of liquidation. Striking off is speedier, simpler, no newspaper publicity and less costly. The main conditions required are that the Company is no longer in business, has no assets or liabilities and no outstanding obligations to the Accounting and Corporate Regulatory Authority. We will undertake to verify that your Company "qualifies" to be struck off, prepare all the necessary documents to be signed by the directors and shareholders, and prepare and submit the official application to the Registrar pursuant to Section 344 of the Singapore Companies Act.
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