Involuntary Strike off of company
The Registrar of Companies may strike a company off the register in the following circumstances:
- when the Registrar has reasonable cause to believe that the company does not carry out any business or is in operation,
- when a company has failed to pay the annual fee for a period of one (1) year,
- when a company has failed to submit any document required by the Companies Law.
During the period of the three (3) months notice, where a company is under strike off, any interested party (e.g. creditor) may submit to the Registrar of Companies an objection to the company’s strike off.
Following the company’s strike off from the companies’ register, the company is considered dissolved. Any interested party (i.e. company or any member of the company, or creditor) that is dissatisfied from the strike off of a company, or has sustained loss or damage before the company’s strike off, can request for the restoration of the company by applying to the Court, up to a period of twenty (20) years from the date of the company's strike off.