Seeking restoration of name of company in the Register of ...

Company's Name Restored in Register Despite 12-Year Filing Lapse; Justice Served with Cost Imposition.

April 22, 2022

Case Laws     Companies Law     AT

Seeking restoration of name of company in the Register of Companies - Company had not filed their `Balance Sheet(s)’ and Annual Return(s)’ for more than 12 years - the `right to seek restoration’ of the name of the `company’ (to be entered in the `Register of Companies’) is not wiped out, as long as `twenty years’ have not lapsed, etc. - it is just and proper to restore the Appellant / Company’s name and that the failure / negligence / omissions on the part of the `Appellant’/`Company’ in not filing the `Statutory Annual Returns’ and `Financial Statements’ in time, can be saddled with a levy of costs, to prevent an aberration of justice and to promote substantial cause of justice. - AT

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