Service
Licensed Members’ Voluntary Liquidation (MVL) Services in Malaysia
Orderly, tax-efficient solvent company winding up managed by MOF Approved Liquidators under the Companies Act 2016.
Members’ Voluntary Liquidation (MVL) is the official statutory process used to wind up a solvent company that has reached the end of its commercial life, fulfilled its purpose, or become redundant within a corporate group. Unlike striking off, MVL provides full legal finality and allows shareholders to distribute capital and surplus assets in a tax-effective, structured manner once all company liabilities are fully settled.
When Should You Choose MVL Over Striking Off?
While Section 549 striking off is suited for small dormant entities without assets or liabilities, MVL is recommended when:
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- The company holds significant capital, reserves, or real estate to distribute to shareholders.
- You require a clean legal closure with formal creditor advertising to eliminate future contingent claims.
- The business needs formal tax clearance (Form 66) from the Inland Revenue Board of Malaysia (LHDN).
The MVL Process Breakdown
Board Declaration of Solvency: Directors execute a formal Declaration of Solvency under Section 443 of the Companies Act 2016.
Shareholder Extraordinary General Meeting (EGM): Shareholders pass a resolution to wind up the company and appoint an Approved Liquidator.
Control & Asset Realisation: The Liquidator assumes control, takes custody of books, and settles all statutory debts.
Tax & Customs Clearances: Securing formal clearance certificates from LHDN and the Royal Malaysian Customs Department.
Distribution & Dissolution: Surplus funds/assets are distributed to shareholders, followed by the final meeting and formal SSM dissolution.
Our Other Services
Pre-Liquidation Advisory
Creditors’ Voluntary Liquidation
Director-initiated insolvent winding up to achieve controlled debt resolution and creditor protection.
Court Liquidation
Court-ordered compulsory winding-up management and private Approved Liquidator appointments under Section 465.
Office Hours
Monday to Friday - 9:30 am to 5:00 pm
LTC Corporate Recovery PLT
Contact Info
Lot 3A06, 4th Floor, Tower 2, Faber Towers, Jalan Desa Bahagia, Taman Desa, 58100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur