Deregistration
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Limited company business owners, whose company is defunct and solvent, want to cease their business must prepare to deregister it. Non-filing of returns to the Companies Registry may be penalized.
Deregistration process is more technical and affecting company's property. Any person who knowingly and recklessly gives information to the Companies Registrar that is false or misleading in a material particular is liable to a fine and to imprisonment.
A company is recommended to seek advice from its lawyer or certified public accountant on the disposal of its property before making an application. We would offer you professional advice to handle such arrangement.