Definition: is the process of deleting a registered or incorporated organization from an official register maintained by a governmental agency. Such a process may proceed if one of these conditions is met: a) a company has issued a request to be deleted from the registry after it ceased performing business operations of any kind, b) a firm hasn’t filed its accounts and any other required documentation to the appropriate governmental institutions, c) a company hasn’t responded to the statutory agency’s letters sent to the firm’s official address.
In a Sentence:
The RoC has informed us that they have to start the striking off process, and soon our firm will be removed from the records. Considering the fact that we hadn’t filed-in our accounts last quarter, we can only blame ourselves.
Now that we’ve waited for three months since our last operation and now we can finally request the national registry to start striking off our organization from the records.
Synonyms and related words: dissolution, registrar of companies, business activity, company restoration