Company Deregistration, Striking Off and Winding Up
Q1. What are
the requirements for making an application for deregistration?
Answer: The company must be a solvent private company incorporated
under the Companies Ordinance, other than those companies
specified in section 291AA(16) or registered under Part XI
of the Companies Ordinance, and meet the following requirements:-
All the members of the company agree to the deregistration;
The company has never commenced business or operation, or
has ceased to carry on business or ceased operation for more
than 3 months immediately before the application
The company has no outstanding liabilities; and
It has obtained a written notice of no objection from the
Commissioner of Inland Revenue.
Q2. Why can't
a company limited by guarantee apply for deregistration?
Answer: Pursuant to section 291AA of the Companies Ordinance,
only defunct solvent private companies can apply for deregistration.
A company limited by guarantee should proceed with winding
up according to the procedures laid down in Part V of the
Companies Ordinance.
Q3. Can I submit
an application for deregistration by fax?
Answer: No. You can submit your application by hand or by
post.
Q4. I have applied
for the deregistration of my company. Do I need to file all
outstanding Annual Returns before submitting the application
for deregistration?
Answer: Yes. A company is required to file Annual Returns
and observe its obligations under the Companies Ordinance
until it has been dissolved. Failure to do so will make the
company liable to prosecution.
Q5. After I
have submitted the application for deregistration, how can
I cancel the Business Registration?
Answer: If your application for deregistration is approved,
a letter will be issued in about five working days. Please
contact the Business Registration Office of the Inland Revenue
Department on (852) 2594 3146 for matters relating to business
registration.
Q6. I have applied
for the deregistration of my company. Do I need to pay business
registration fee if I have already received the business registration
demand note?
Answer: Not nocessary. If you just received the Business Registration
Certificate within last month, it is possible that you may
be exempted from paying the business registration fee. Please
contact the Deregistration Section of the Inland Revenue Department
on (852) 2594 1788 for details.
Q7. My company
has applied for deregistration and I have changed my address.
Should I report the change of address to the Companies Registry,
and how?
Answer: You should notify the Companies Registry, by way of
a letter, of any changes in the addresses of the presentor,
applicant or the nominated person to facilitate future communication.
In addition, if the address of the company's registered office
has been changed, you should file a Form R1 to report the
change; if the addresses of the directors have been changed,
you should file a Form D2B to report the changes.
Q8. I have applied
for the deregistration of my company. How can I know when
the Gazette Notice has been published?
Answer: Information Sheets relating to the publication of
gazette notices under section 291AA (7) and (9) of the Companies
Ordinance will be placed on the public records of the company.
You may conduct a company search at the Companies Registry's
Cyber Search Centre on the internet or go to the Companies
Registry's Public Search Centre on the 13th floor, Queensway
Government Offices, 66 Queensway, Hong Kong to conduct the
search. You can use the company number to conduct a search
on the document index to find out whether the Information
Sheets have been filed. Government Gazettes are normally published
on Fridays. Usually, the first Gazette Notice will be published
about 3 weeks after the date of the Companies Registry's approval
letter.
Q9. Where can
I find the gazette notice?
Answer: You may view the gazette at the website of the Government
Logistics Department (Website : www.gld.gov.hk/egazette).
Q10. My company
has already been deregistered but there is money in the company's
bank account, how can I get the money back?
Answer: You may consider applying to the High Court for an
order to reinstate the company under section 291AB (2) of
the Companies Ordinance. You should seek independent legal
advice in this respect.
Q11. How can
I reinstate a deregistered company?
Answer: An application can be made to the High Court for reinstatement
pursuant to section 291AB(2) of the Companies Ordinance. You
should seek legal or other professional advice regarding the
application procedure.
Q12. How long
will it take to reinstate a deregistered company?
Answer: Once the company has obtained a court order and provided
that the submitted documents are in order, it will normally
take about 2 months to reinstate a deregistered company.
Q13. My company
has been deregistered and the company name has been used by
another company, can I reinstate the company?
Answer: Yes, but the company will be required to change its
name after it has been reinstated.
Q14. How can
I ascertain whether any striking off action or winding up
proceeding has been taken against a company?
Answer: You can conduct a company name search at the Companies
Registry's Cyber Search Centre on the internet and then proceed
to view the basic company information of the company which
will indicate if any such action has been taken against the
company concerned. If the result is positive, you may also
check the document index to see if any information sheets
or documents regarding such action are available for inspection.
Q15. What are
the differences between deregistration, striking off and winding
up?
Answer: Their purposes are the same as all of them will result
in the dissolution of a company. Deregistration is a relatively
simple, inexpensive and quick procedure for dissolving defunct,
solvent, private companies which can meet the statutorily-specified
requirements. A defunct, solvent, private company which can
meet these specified requirements can apply for deregistration.
Other companies should proceed with winding up procedures
as laid down in Part V of the Companies Ordinance. Striking
off is an action initiated by the Registrar of Companies to
strike defunct companies off the register.
Q16. I found
that a company which still owed me money had been deregistered/struck
off and dissolved. What can I do?
Answer: An aggrieved party (e.g. a creditor) may apply to
the court for an order to reinstate/restore the company. You
should seek legal advice regarding the application procedure.
Q17. How can
I restore a dissolved company which has been struck off under
section 290A of the Companies Ordinance?
Answer: The members of the dissolved company may apply to
the Registrar of Companies for the restoration of a company
under section 290A(6) of the Companies Ordinance. An application
can be made by way of a letter which should include an explanation
on the need for the restoration and reasons for the failure
to file annual returns which had consequently led to the striking
off action under section 290A of the Companies Ordinance.
Q18. How can
I restore a company which has been struck off under section
291 of the Companies Ordinance?
Answer: An application can be made to the High Court for restoration
pursuant to section 291 (7) of the Companies Ordinance. You
should seek legal or other professional advice regarding the
application procedure.
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