{"id":5512,"date":"2022-01-04T12:42:42","date_gmt":"2022-01-04T04:42:42","guid":{"rendered":"https:\/\/malayacorporate.com\/?post_type=article&p=5512"},"modified":"2022-01-12T13:44:39","modified_gmt":"2022-01-12T05:44:39","slug":"pemotongan-nama-dan-pembubaran-syarikat","status":"publish","type":"article","link":"https:\/\/malayacorporate.com\/my\/article\/pemotongan-nama-dan-pembubaran-syarikat\/","title":{"rendered":"STRIKING OFF AND WINDING UP"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Strike off\nand Winding up a company <\/o:p><\/span><\/u><\/b><\/p>

For companies\nthat will be winding up, it requires number of procedures that have been set\naccordance with the Companies Act 2016 <\/o:p><\/span><\/p>

There are two\nways to close a company:<\/o:p><\/span><\/p>

1.      \n<\/span><\/span>Striking off- Section 550<\/o:p><\/span><\/p>

2.      \n<\/span><\/span>Winding up- Section 431<\/o:p><\/span><\/p>

Striking\nOff<\/o:p><\/span><\/u><\/b><\/p>

Pursuant to\nSection 550, subject to Section 549, Registrar may remove a company from the\nregister either on his own motion or on the application of a Director, Member\nor Liquidator of the company.<\/o:p><\/span><\/p>

The company can\nbe strike off if:<\/o:p><\/span><\/p>

i)                   \n<\/span><\/span>The company does not carry on\nbusiness or does not operate;<\/o:p><\/span><\/p>

ii)                  \n<\/span><\/span>The company has contravened the\nCompanies Act 2016;<\/o:p><\/span><\/p>

iii)                \n<\/span><\/span>The company is being used for\nan unlawful purpose or any purpose prejudicial to or incompatible with peace,\nwelfare, security, public interest, public order, good order or morality in\nMalaysia;<\/o:p><\/span><\/p>

iv)                \n<\/span><\/span>In any case where the company\nis being wound up and the Registrar has reasonable cause to believe that <\/o:p><\/span><\/p>

–         \n<\/span><\/span>No action is taken by the\nliquidator <\/o:p><\/span><\/p>

–         \n<\/span><\/span>The affairs of the company are\nfully wound up and for a period of six months the liquidator has been in\ndefault in lodging any return required to be made by him; or <\/o:p><\/span><\/p>

–         \n<\/span><\/span>The affairs of the company have\nbeen fully wound up under a winding up by the Court and there are no assets or\nthe assets available are not sufficient to pay the cost of obtaining an order from\nthe Court to dissolve the company.<\/o:p><\/span><\/p>

 <\/span><\/u><\/p>

Notice of\nintention to strike off company <\/o:p><\/span><\/u><\/b><\/p>

Notice will be\ngiven by the Registrar to the company or liquidator stating that if a reply for\nany reason shows otherwise is not received within 30 days of the notice given,\nnotification to the public will be published in the manner determined by the\nRegistrar to strike off the company name from the register. <\/o:p><\/span><\/p>

The issued\nnotice will be sent to the liquidator using its last known address, while for\nthe notice that will be sent to the company will be sent to the registered\ncompany address or the company officer whose address is known by the registrar.\nAs for if no address is known, the registrar can send the notice to each person\nwho established the company according to the last address known. <\/o:p><\/span><\/p>

The Registrar\nmay remove the company name from the register after expiration of 30 days from\nthe publication of the notice if:<\/o:p><\/span><\/p>

–         \n<\/span><\/span>The Registrar receives\nconfirmation that the company is no longer in business or does not operate <\/o:p><\/span><\/p>

–         \n<\/span><\/span>The Registrar did not receive\nany response from the company on regard of the notice given <\/o:p><\/span><\/p>

–         \n<\/span><\/span>The Registrar did not receive\nany objections to the notice and the notice that had been published <\/o:p><\/span><\/p>

–         \n<\/span><\/span>The Registrar is not satisfied\nwith the reason given by the company. <\/o:p><\/span><\/p>

The name of the\ncompany that has strike off will be published in the Gazette and the company\nshall be dissolved.<\/o:p><\/span><\/p>

Cost that\nis incurred in the process of striking off the company<\/o:p><\/span><\/u><\/b><\/p>\n \n \n \n \n \n \n
\n

No<\/o:p><\/span><\/p>\n <\/td>\n

\n

Matter<\/o:p><\/span><\/p>\n <\/td>\n

\n

Fee (RM)<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n

\n

1<\/o:p><\/span><\/p>\n <\/td>\n

\n

Application to strike off\n company from register under section 550 of the Companies Act 2016<\/o:p><\/span><\/p>\n

 <\/span><\/p>\n <\/td>\n

\n

 <\/span><\/p>\n

100.00<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n

\n

2<\/o:p><\/span><\/p>\n <\/td>\n

\n

Lodgement of objection to strike\n off company from register under section 552 <\/o:p><\/span><\/p>\n

 <\/span><\/p>\n <\/td>\n

\n

 <\/span><\/p>\n

300.00<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n

\n

3<\/o:p><\/span><\/p>\n <\/td>\n

\n

Lodgement of notice of\n withdrawal of application to strike off company from register under section\n 553<\/o:p><\/span><\/p>\n

 <\/span><\/p>\n <\/td>\n

\n

 <\/span><\/p>\n

500.00<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n

\n

4<\/o:p><\/span><\/p>\n <\/td>\n

\n

Application under section 556 of\n the Act:<\/o:p><\/span><\/p>\n

a)       <\/span><\/span>for the Registrar to represent dissolved company<\/o:p><\/span><\/p>\n

b)       <\/span><\/span>for the Registrar to execute or sign any relevant instrument or\n document relating to the representation of dissolved company<\/o:p><\/span><\/p>\n

 <\/span><\/p>\n <\/td>\n

\n

 <\/span><\/p>\n

500.00<\/o:p><\/span><\/p>\n

500.00 for each\n execution or signature of instrument or document<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n

\n

5 <\/o:p><\/span><\/p>\n <\/td>\n

\n

Application for the Registrar to\n sell or dispose of property of dissolved company under section 558 <\/o:p><\/span><\/p>\n <\/td>\n

\n

30% from the proceed\n of sale or disposal of the property + cost incurred incidental to the sale or\n disposal of the property<\/o:p><\/span><\/p>\n <\/td>\n <\/tr>\n<\/tbody><\/table>

 <\/span><\/p>

 <\/span><\/p>

\n \n \n \n <\/v:textbox><\/v:stroke><\/v:roundrect><\/p>\n \n
\n
\n

Notice will be issued by the\n Registrar to the company or liquidator<\/o:p><\/span><\/p>\n <\/div>\n <\/td>\n <\/tr>\n <\/tbody><\/table>

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nSummary to strike off a company:<\/o:p><\/b><\/p>

<\/p>

\n \n \n \n <\/v:textbox><\/v:stroke><\/v:roundrect><\/p>\n \n
\n
\n

The name of the company will be\n published in the Gazette (conditional) and the company will have to\n dissolved<\/o:p><\/span><\/p>\n <\/div>\n <\/td>\n <\/tr>\n <\/tbody><\/table>\n \n
\n
\n

30 days period will be given for\n the company to respond to the Registrar<\/o:p><\/span><\/p>\n <\/div>\n <\/td>\n <\/tr>\n <\/tbody><\/table>

\n\n\n \n\n \n \n \n \n <\/v:textbox>\n \n<\/w:wrap><\/v:stroke><\/v:roundrect>\n \n \n<\/o:lock><\/v:path><\/v:shapetype>\n \n<\/v:stroke><\/v:shape>\n \n<\/v:stroke><\/v:shape> <\/span><\/p>

<\/p>

 <\/span><\/p>

 <\/span><\/p>

 <\/span><\/p>

 <\/span><\/u><\/b><\/p>

 <\/span><\/u><\/b><\/p>

 <\/span><\/u><\/b><\/p>

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\n<\/p>

Winding\nOff-Seksyen 431<\/o:p><\/span><\/u><\/b><\/p>

For companies to\nbe wound up, there are two methods specified in the Companies Act 2016, which\nare<\/o:p><\/span><\/p>

1.      \n<\/span><\/span>Voluntary winding up (S 431)<\/o:p><\/span><\/p>

2.      \n<\/span><\/span>Winding up by order of the\nCourt (S 464)<\/o:p><\/span><\/p>

 <\/span><\/p>

Voluntary\nwinding up <\/o:p><\/span><\/u><\/b><\/p>

Voluntary\nwinding up can be implemented if <\/o:p><\/span><\/p>

1.      \n<\/span><\/span>A company has set a period for\nthe company to be terminated (S 433)<\/o:p><\/u><\/span><\/p>

2.      \n<\/span><\/span>The company through the\nvoluntary winding up of member (S 445)<\/o:p><\/span><\/p>

3.      \n<\/span><\/span>The company through the\nvoluntary winding up of liquidator (S 449)<\/o:p><\/span><\/p>

 <\/span><\/u><\/b><\/p>

The process of\nvoluntary winding up are:<\/o:p><\/span><\/p>

i)                   \n<\/span><\/span>The company needs to make a\ndeclaration of solvency before the meeting related to the winding up of the\ncompany is held. <\/o:p><\/span><\/p>

ii)                  \n<\/span><\/span>A company meeting related to\nthe wind up is held and the appointment of the liquidator or interim liquidator\nis made.<\/o:p><\/span><\/p>

iii)                \n<\/span><\/span>The liquidator must submit a\ncopy of the voluntary wind-up resolution to the Registrar within 7 days before\nthe resolution being circulated<\/o:p><\/span><\/p>

iv)                \n<\/span><\/span>The company should publish a wind-up\nresolution notice on one newspaper widely distributed in Malaysia using Bahasa\nMalaysia and one newspaper widely distributed in Malaysia using English within\n10 days after the ruling is circulated.  <\/o:p><\/span><\/p>

There are\nseveral eligible conditions outlined in Section 433 of the Companies Act 2016\nto guide the members to appoint a liquidator to manage the winding up of the\ncompany. There are few restrictions on appointing a liquidator such as the\nliquidator must obtain permission from the Court to act as a liquidator, not\nbankrupt and not convicted of fraud and dishonesty<\/o:p><\/span><\/p>

Winding up\nmade by order of the Court <\/o:p><\/span><\/u><\/b><\/p>

The winding up\nof the Company on the order of the Court can be implemented if the Court\nreceives a petition from any party specified in Section 464 of the Companies\nAct 2016 such as creditors, liquidators, companies and others. Apart from that,\nthe Court can also wind up the company through a special resolution issued by\nthe company, the Court is of the opinion that it is fair and equitable for the\ncompany to be wound up and other situations mentioned in Section 465 of the\nCompanies Act 2016<\/o:p><\/span><\/p>

 <\/span><\/p>

 <\/o:p><\/span><\/p>

 <\/span><\/p>

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/p>

 <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}}},"class_list":["post-5512","article","type-article","status-publish","hentry"],"acf":[],"yoast_head":"\nSTRIKING OFF AND WINDING UP -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/malayacorporate.com\/my\/article\/pemotongan-nama-dan-pembubaran-syarikat\/\" \/>\n<meta property=\"og:locale\" content=\"ms_MY\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STRIKING OFF AND WINDING UP -\" \/>\n<meta property=\"og:description\" content=\"Strike off and Winding up a company For companies that will be winding up, it requires number of procedures that have been set accordance with the Companies Act 2016 There are two ways to close a company: 1.       Striking off- Section 550 2.       Winding up- Section 431 Striking Off Pursuant to Section 550, subject to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/malayacorporate.com\/my\/article\/pemotongan-nama-dan-pembubaran-syarikat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T05:44:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/malayacorporate.com\\\/article\\\/pemotongan-nama-dan-pembubaran-syarikat\\\/\",\"url\":\"https:\\\/\\\/malayacorporate.com\\\/article\\\/pemotongan-nama-dan-pembubaran-syarikat\\\/\",\"name\":\"STRIKING OFF AND WINDING UP -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/malayacorporate.com\\\/my\\\/#website\"},\"datePublished\":\"2022-01-04T04:42:42+00:00\",\"dateModified\":\"2022-01-12T05:44:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/malayacorporate.com\\\/article\\\/pemotongan-nama-dan-pembubaran-syarikat\\\/#breadcrumb\"},\"inLanguage\":\"ms-MY\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/malayacorporate.com\\\/article\\\/pemotongan-nama-dan-pembubaran-syarikat\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/malayacorporate.com\\\/article\\\/pemotongan-nama-dan-pembubaran-syarikat\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/malayacorporate.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"STRIKING OFF AND WINDING UP\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/malayacorporate.com\\\/my\\\/#website\",\"url\":\"https:\\\/\\\/malayacorporate.com\\\/my\\\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/malayacorporate.com\\\/my\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ms-MY\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"STRIKING OFF AND WINDING UP -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/malayacorporate.com\/my\/article\/pemotongan-nama-dan-pembubaran-syarikat\/","og_locale":"ms_MY","og_type":"article","og_title":"STRIKING OFF AND WINDING UP -","og_description":"Strike off and Winding up a company For companies that will be winding up, it requires number of procedures that have been set accordance with the Companies Act 2016 There are two ways to close a company: 1.       Striking off- Section 550 2.       Winding up- Section 431 Striking Off Pursuant to Section 550, subject to […]","og_url":"https:\/\/malayacorporate.com\/my\/article\/pemotongan-nama-dan-pembubaran-syarikat\/","article_modified_time":"2022-01-12T05:44:39+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minit"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/malayacorporate.com\/article\/pemotongan-nama-dan-pembubaran-syarikat\/","url":"https:\/\/malayacorporate.com\/article\/pemotongan-nama-dan-pembubaran-syarikat\/","name":"STRIKING OFF AND WINDING UP -","isPartOf":{"@id":"https:\/\/malayacorporate.com\/my\/#website"},"datePublished":"2022-01-04T04:42:42+00:00","dateModified":"2022-01-12T05:44:39+00:00","breadcrumb":{"@id":"https:\/\/malayacorporate.com\/article\/pemotongan-nama-dan-pembubaran-syarikat\/#breadcrumb"},"inLanguage":"ms-MY","potentialAction":[{"@type":"ReadAction","target":["https:\/\/malayacorporate.com\/article\/pemotongan-nama-dan-pembubaran-syarikat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/malayacorporate.com\/article\/pemotongan-nama-dan-pembubaran-syarikat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/malayacorporate.com\/"},{"@type":"ListItem","position":2,"name":"STRIKING OFF AND WINDING UP"}]},{"@type":"WebSite","@id":"https:\/\/malayacorporate.com\/my\/#website","url":"https:\/\/malayacorporate.com\/my\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/malayacorporate.com\/my\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ms-MY"}]}},"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/article\/5512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/types\/article"}],"version-history":[{"count":12,"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/article\/5512\/revisions"}],"predecessor-version":[{"id":5641,"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/article\/5512\/revisions\/5641"}],"wp:attachment":[{"href":"https:\/\/malayacorporate.com\/my\/wp-json\/wp\/v2\/media?parent=5512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}