What are the conditions to strike off a company under section 550?

SSM's guidelines (revised 14 July 2026) list requirements for a director or member applying under s.550 on the ground that the company is not carrying on business (s.549(a)):

• Members' resolution approving the application. If shareholders cannot be found, show registered-post attempts.
• No assets and liabilities at application; management accounts must show this. If earlier audited accounts showed assets or liabilities, give evidence they were disposed or settled or waived.
• No outstanding charges in the Register of Charges.
• No outstanding penalties or compounds under the Act.
• No outstanding tax or government liabilities; a company that traded must settle tax and obtain tax clearance first.
• SSM records up to date, including directors' particulars.
• No legal proceedings in or outside Malaysia.
• No return of capital to shareholders to make it eligible.
• Not a holding company and not a guarantor corporation.
• No dividend declared or paid according to the last audited accounts.

Subsidiaries need consent letters, and companies limited by guarantee must attach their latest audited statements. Companies that do not qualify generally need a voluntary winding up instead.