Company Deregistration
A company deregistration is the simplest and most economical method to dispose of a company that is no longer required and would otherwise necessitate the continual preparation of annual returns and continue to incur annual fees from ASIC.
Reckon Docs can arrange for the deregistration of a company, including the preparation of all applicable minutes and notices to formally record a company deregistration, prepare and lodge the appropriate ASIC forms, monitor the publication in the ASIC Gazette and forward to the company directors a copy of the company deregistration acknowledgement.
If ASIC rejects an application for deregistration it will not refund your application fee.
A company deregistration can occur when:
- All members of the company agree to deregister;
- The company is not carrying on a business;
- The company's assets are worth less than $1,000;
- The company has paid all fees and penalties payable under the Corporations' Act 2001;
- The company has no outstanding liabilities; and
- The company is not a party to any legal proceedings.
The following criteria are required to be met before ASIC will allow company deregistration:
1. An application for voluntary deregistration with the application fee must be lodged
2. All outstanding documents have been lodged with ASIC
3. All outstanding fees have been paid to ASIC
4. All outstanding charges against the company have been satisfied