Formal letter for the closure of a business

Dear Sir,

Due to the trade restrictions imposed by the Indian Government and the increased duty imposed on imported goods and Covid-19 pandemic which naturally caused the economic slow down in the global market, our Board of Directors feel that there is no scope of doing business with China in the near future. To reduce the economic burden, our Board of Directors decided to discontinue the operations of XYZ Pte. Ltd. as soon as possible.

We, through this email, formally request you to promptly initiate the process to deregister the company immediately. Post closure, we will not be needing the service of the external director.

Looking forward to hearing from you,

With Warm Regards,

Jacob K

Director