Reinstatement of a company
Based on Section 555 of Companies Act, any person who is not
satisfied by the decision of the Registrar to strike off their company, they
can apply to the Court to reinstate the name of the company into the register
within seven years after the name of the company has been struck off
If the Court satisfied that the company was at the time of the
striking off, carrying on business or in operation or otherwise that it is just
the name of the company be reinstated in the register, the Court may order
that:
1)
The name of the company be
reinstated
2)
Give such directions and make
such provision as seem just for placing the company and all other persons in
the same position as nearly as may be as if the name of the company had not
been struck off
Upon an office copy of the order is lodged with the Registrar, the
company shall be deemed to have continued in existence as if its name had not
been struck off