In order for a company to voluntarily strike off its name from the register, it must satisfy the following conditions:
Firstly, there should be enough evidence for the Registrar to believe that the company has either never traded or has stopped doing business.
Secondly, the company’s directors must confirm that the company does not have any liabilities or assets exceeding €150.
And finally, the company must not have any unresolved legal disputes pending against it.
Once all these conditions are met, the company can proceed with the voluntary strike-off process. Hope that helps!
If a company has decided to cease trading or has never traded, it may choose to apply for a voluntary strike-off. This process involves the removal of the company’s name from the register, effectively dissolving the company. However, there are certain requirements that must be met before the Registrar can approve the application for strike-off.
To initiate the process, the company must file an online Request for Voluntary Strike-Off on Form H15. This form requires the execution and filing of several important documents in the relevant sections.
Firstly, a special resolution must be passed by the company’s directors, stating the decision to apply for a voluntary strike-off. This resolution must be passed no more than 3 months before the filing of Form H15 and should also state that the company will not undertake any business until the application for strike-off is pending approval.
Secondly, all necessary annual returns that are due on the date of the application for strike-off must be submitted along with Form H15. This ensures that the company is up to date with its statutory filings.
Thirdly, a letter of no objection from the Revenue Commissioners must be included as written confirmation in the form. This letter should be dated no more than 3 months from the date of application and serves as proof that the company has fulfilled its tax obligations.
Lastly, an advertisement about the company’s intention to request a voluntary strike-off must be published in at least one daily newspaper in the prescribed format. This advertisement should be published not more than 30 days before the date of application for strike-off. The purpose of this advertisement is to inform any interested parties, such as creditors or shareholders, that the company is going through the process of being dissolved.
It’s important to note that effective from 1st March 2022, Form H15 is required to be filed online only. Any forms received by post after this date will not be processed and will be returned back. Therefore, it’s crucial for companies to ensure that they comply with this new requirement and file the form online.
In conclusion, the voluntary strike-off process can be a straightforward way to dissolve a company that is no longer trading or has never traded. However, it’s important to follow the necessary requirements and ensure that all documents are executed and filed correctly to avoid any delays or issues with the application.
We understand that wrapping up the business of a company and following the necessary procedures for voluntary strike-off can be a time-consuming and stressful process. However, you can avoid the hassle by letting us take care of everything. We are a company formation agency that can handle the entire process in an organised and professional manner, making the experience smooth and stress-free for you.
While it’s possible to file Form H15 online through the CORE portal, having a professional company formations agent like us by your side can provide you with complete peace of mind. Our package for Voluntary Strike Off is priced at a reasonable €475.00, and we are equipped with the expertise and experience to handle all matters related to the strike-off with the utmost care. Trust us to ensure that the process of closing your company is seamless and efficient.
€475.00
