[COM 609] Reinstatement609 

609

(1) The Registrar may reinstate the registration of a company within 10 years of the company being deregistered under this Part, if the Registrar is satisfied that the company should not have been deregistered.

(2) The court may make an order that the Registrar reinstate the registration of a company if—

• (a)an application for reinstatement is made to the court by—
  • (i)a person aggrieved by the deregistration; or
  • (ii)a former liquidator of the company; and
• (b)the court is satisfied that it is just that the company’s registration be reinstated.

(3) If the court makes an order under subsection (2), it may—

• (a)validate anything done between the deregistration of the company and its reinstatement; and
• (b)make any other order it considers appropriate.

(4) The Registrar must give notice of a reinstatement in the Gazette. If the Registrar exercises its power under subsection (1) in response to an application by a person, the Registrar must also give notice of the reinstatement to the applicant.

(5) If a company is reinstated, the company is taken to have continued in existence as if it had not been deregistered. A person who was a director of the company immediately before deregistration becomes a director again as from the time when the Registrar or the court reinstates the company. Any property of the company that is still vested in the Government or the Registrar revests in the company. If the company held particular property subject to a security or other interest or claim, the company takes the property subject to that interest or claim.