Malaysia
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Nanchang Company Deregistration refers to that a Nanchang
company files an application to the related government department when
shareholders decide to terminate the company. And the Nanchang Company should
follow all the other procedures to proper company dissolution.
Procedures of
Nanchang Company De-registration
In Nanchang, the procedures for company deregistration is
rather complicated, particularly in face of different kinds of departments. For
a Nanchang company to be properly dissolved, the following procedures should be
taken adopt of:
1. Formal corporate action (liquidation procedure)
2. Filing with the appropriate government department
3. Statutory notice to creditors
4. Processing of all creditor claims
5. Sale and distribution of all remaining assets
6. Cancelation of invoice, business license, and other
registered information
Please note that before filing the application for
deregistration, you should close the corporate bank account and also make sure
that there is no outstanding accounts receivable.
In What Circumstances
Will Nanchang Company Deregistration Happen?
According to the related company law, a Nanchang company may
have to be deregistered because of one of the following reasons:
1. The business operation term as agreed in the company’s
Articles of Association becomes expired or other condition for dissolution as
agreed in the Articles of Association for dissolution occurs;
2. Resolution of dissolution is made by the meeting of
shareholders;
3. The company is merged or separated and the company will
not exist any more;
4. The business license is revoked by government, or the
company is ordered to be closed or cancelled;
5. There is serious difficulty in company’s operation and
management and the shareholder’s interest may suffer great loss if the company
continues to operate. Shareholders who holding ten percent or above voting
right may file to the court for dissolution if negotiation among shareholders
fails.
Time Required For
Nanchang Company Deregistration
Normally, an officially process of Nanchang company
deregistration in a whole will take around six months.
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