How to Close a Sdn Bhd Online Store: Strike Off Under Section 549(a)

Voluntary strike-off (section 549(a)). SSM's guideline says the Registrar may strike a company off if there is reasonable cause to believe it is not carrying on business or is not in operation. Conditions include:

• A members' resolution under section 290 approving the application.
• No assets or liabilities, shown by management accounts, or proof that assets were disposed of and liabilities settled or waived.
• No outstanding charges on the register of charges.
• No outstanding penalties or compounds under the Act.
• Tax and government liabilities cleared, with a tax clearance where the company traded.
• No pending legal proceedings.
• The company is not a holding company or a guarantor corporation.

A company that never began operations has a simpler route with a declaration of no transactions.

After filing. SSM issues notices and publishes a gazette notice, and the company is dissolved on gazette publication under section 551(3). Objections can be lodged.

Other routes. A company with debts can be wound up voluntarily or by the court.

Housekeeping. Settle platform balances, close accounts, cancel SST registration if any, file last returns and keep records for seven years. Use the current version of the SSM guideline on section 549(a).