Part 31 U.K.Dissolution and restoration to the register

Modifications etc. (not altering text)

C2Pt. 31: power to apply (with modifications) conferred (E.W.S.) (prosp.) by Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7), ss. 4(1)(2)(c), 8(2) (with s. 4(6))

Chapter 3U.K.Restoration to the register

Administrative restoration to the registerU.K.

1024Application for administrative restoration to the registerU.K.

(1)An application may be made to the registrar to restore to the register a company that has been struck off the register under section 1000 or 1001 (power of registrar to strike off defunct company).

(2)An application under this section may be made whether or not the company has in consequence been dissolved.

(3)An application under this section may only be made by a former director or former member of the company.

(4)An application under this section may not be made after the end of the period of six years from the date of the dissolution of the company.

For this purpose an application is made when it is received by the registrar.

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1025Requirements for administrative restorationU.K.

(1)On an application under section 1024 the registrar shall restore the company to the register if, and only if, the following conditions are met.

(2)The first condition is that the company was carrying on business or in operation at the time of its striking off.

(3)The second condition is that, if any property or right previously vested in or held on trust for the company has vested as bona vacantia, the Crown representative has signified to the registrar in writing consent to the company's restoration to the register.

(4)It is the applicant's responsibility to obtain that consent and to pay any costs (in Scotland, expenses) of the Crown representative—

(a)in dealing with the property during the period of dissolution, or

(b)in connection with the proceedings on the application,

that may be demanded as a condition of giving consent.

(5)The third condition is that the applicant has—

(a)delivered to the registrar such documents relating to the company as are necessary to bring up to date the records kept by the registrar, and

(b)paid any penalties under section 453 or corresponding earlier provisions (civil penalty for failure to deliver accounts) that were outstanding at the date of dissolution or striking off.

(6)In this section the “Crown representative” means—

(a)in relation to property vested in the Duchy of Lancaster, the Solicitor to that Duchy;

(b)in relation to property vested in the Duke of Cornwall, the Solicitor to the Duchy of Cornwall;

(c)in relation to property in Scotland, the Queen's and Lord Treasurer's Remembrancer;

(d)in relation to other property, the Treasury Solicitor.

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1026Application to be accompanied by statement of complianceU.K.

(1)An application under section 1024 (application for administrative restoration to the register) must be accompanied by a statement of compliance.

(2)The statement of compliance required is a statement—

(a)that the person making the application has standing to apply (see subsection (3) of that section), and

(b)that the requirements for administrative restoration (see section 1025) are met.

(3)The registrar may accept the statement of compliance as sufficient evidence of those matters.

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1027Registrar's decision on application for administrative restorationU.K.

(1)The registrar must give notice to the applicant of the decision on an application under section 1024 (application for administrative restoration to the register).

(2)If the decision is that the company should be restored to the register, the restoration takes effect as from the date that notice is sent.

(3)In the case of such a decision, the registrar must—

(a)enter on the register a note of the date as from which the company's restoration to the register takes effect, and

(b)cause notice of the restoration to be published in the Gazette.

(4)The notice under subsection (3)(b) must state—

(a)the name of the company or, if the company is restored to the register under a different name (see section 1033), that name and its former name,

(b)the company's registered number, and

(c)the date as from which the restoration of the company to the register takes effect.

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1028Effect of administrative restorationU.K.

(1)The general effect of administrative restoration to the register is that the company is deemed to have continued in existence as if it had not been dissolved or struck off the register.

(2)The company is not liable to a penalty under section 453 or any corresponding earlier provision (civil penalty for failure to deliver accounts) for a financial year in relation to which the period for filing accounts and reports ended—

(a)after the date of dissolution or striking off, and

(b)before the restoration of the company to the register.

(3)The court may give such directions and make such provision as seems just for placing the company and all other persons in the same position (as nearly as may be) as if the company had not been dissolved or struck off the register.

(4)An application to the court for such directions or provision may be made any time within three years after the date of restoration of the company to the register.

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