Hi, I am seeking some advise from people from accounting or
legal professionals.
The case was that I have set up a company in singapore but it has
been dormant since the start, although at the initial, the
accounting firm has been providing the coporate secretarial
services but on the second year i decide to close the company and
seek what will be the best approach. What the acc. firm told me was
that I need to file annual returns, do the accounts, etc...and
wanted to bill me for $2000+, I told the acc firm that the company
do not even have a bank account and no business transaction since
day 1, isn't there a better approach, but the firm say no, it still
has to take this approach.
I was perturbed and decided to make some enquiry and found out that
the best approach is to apply for company strike-off, which the
accounting firm failed to advise me on this approach which is more
cost-effective.
Later, I applied and was waiting for approval, the acc. firm block
it said that I have an outstanding fee with them and I am suppose
to pay them. I am annoyed that they just block the application and
I have to pay them for the secretarial services rendered. Although,
it is not much, but I felt that there is a professional misconduct
here in relation to the codes and ethics especially the accounting
firm is trying to have economic gains rather than providing a fair
advice and good understanding of practices to the client.
Do I have a case against the acc. firm? I am not asking for damages
but just want the acc. firm to learn its lesson...please
advise.