Section 919 of The Companies Act No. 17 of 2015: Effect of Court order for restoration to the Register: power of Court tomake consequential directions

    

(1) The effect of an order by the Court for the restoration of the company to the Register is that the company is taken to have continued in existence as if it had not been dissolved or struck off the Register.
(2) The Court may give such directions and make such provision as it considers just in order to place the company and all other persons in as nearly as practicable in the same position as the company would have been in if it had not been dissolved or struck off the Register.
(3) The Court may also give directions with respect to—
(a) the lodgement with the Registrar of such documents relating to the company as are necessary to bring up to date the records kept by the Registrar in respect of the company;
(b) the payment of the costs of the Registrar in connection with the proceedings;
(c) if any property previously vested in or held on trust for the company has vested in the State under section 905 — the payment of the costs of the Attorney General—
(i) in dealing with the property during the period of dissolution; or (ii) in connection with the proceedings on the application.
(4) The company or an interested person may make an application to the Court for any such directions under this section at any time within three years after the making of the order for restoration of the company to the Register.
(5) The company is not liable to a penalty under this Act for a failure to lodge with the Registrar a document required to be lodged under a provision of this Act or under a corresponding provision of the repealed Act for a financial year in relation to which the period for lodging financial statements and directors' reports ended—
(a) after the date of dissolution or striking off; and
(b) before the restoration of the company to the Register.


Disclaimer: This document is not to be taken as legal advise.

Enhance Your Research with Bookmarks and Annotations

Here's how you can use these features:

  • To bookmark this page, click the "Bookmark this Page" button below the document title.
  • To add an annotation, highlight text in the document and select "Add Annotation" from the toolbar that appears.
  • These features are great for organizing your research and keeping track of key information.
  • You can view and manage your bookmarks and annotations on your Bookmarks and Annotations page.

Cited By:



More Sections