Dispose Of Companies in Malaysia

There are a few ways to dispose of a company in Malaysia. The most common way is to strike it off the register at the Companies Commission of Malaysia (SSM). This can be done if the company has not been in operation for at least two years, or if it is not in compliance with the Companies Act 1965.

Another way to dispose of a company is to dissolve it. This can be done through a court order, or by passing a special resolution at a shareholders’ meeting. Once a company is dissolved, its assets are distributed to its shareholders and it is removed from the register at the Companies Commission of Malaysia.

Finally, a company can also be wound up by the court. This is usually done if the company is unable to pay its debts, or if it has been involved in fraudulent or illegal activities. Once a company is wound up, its assets are sold and the proceeds are used to pay off its debts. The company is then removed from the register at the Companies Commission of Malaysia.