Strike Out Compulsory Field Notice For Free
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What is a notice for compulsory strike off?
The document provides at least three months' notice of the intention to strike off the company, allowing creditors or other interested parties to object if they wish. Objections to compulsory strike-off are typically made when a creditor is owed money by the company, or legal action is already underway.
What is a compulsory strike off?
A compulsory strike off, also known as a dissolution, occurs when a company's legal existence is removed from the Companies House register. It can be voluntarily, if directors decide they no longer have a use for the company, or it can become compulsory, by a third party petitioning.
Why would a company be struck off?
Typically, this could be due to a failure to submit an annual confirmation statement form CS01 or file accounts on time. A common cause of companies being struck off is due to a change of registered office address that is not notified to Companies House.
Why would a compulsory strike off be discontinued?
The most common reason for a company strike-off procedure being rejected or suspended is if HMRC believe that the company has unpaid tax liabilities such as VAT or corporation tax. Anyone who has proof that the company has traded, or changed its name within the last 3 months.
What happens if you are struck off Companies House?
Once a company has been struck off or dissolved, it is removed from the Companies House register, and it cannot trade, sell assets, make payments or be involved in any other business activities. After it has been struck off, the business name becomes available for new companies to use.
What does strike off mean?
Strike Off means removing the name of the Company from the Register of Companies maintained by Registrar of Companies (ROC). It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
Why would a company be compulsory struck off?
Company ceases to exist the main consequence of compulsory strike off is that, once the company has been dissolved, it will cease to exist as a 'legal person' and is therefore unable to trade or carry out any of the legal functions of a company.
Can I stop a company being struck off?
Objection to a Striking off Application means that, while a company owes HMRC outstanding tax, HMRC won't let the company be struck off the register before it makes these payments. Any creditor may also object and request that the striking of action be suspended, until any outstanding liabilities have been paid.
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