Application to Strike off Company
Section 550 of the Companies Act 2016 provides that the Registrar may strike a company off the register either on his own motion or upon an application by a director, member/shareholder or liquidator of the company. Through application, the Registrar may strike off a company on the ground that the company is not carrying on business or is not in operation [Section 549(a)] or the company is being wound up and the Registrar has reasonable cause to believe that:
- No liquidator is acting [Section 549(d)(i)];
- The affairs of the company are fully wound up and the liquidator has failed to lodge any return for a period of six months [Section 549(d)(ii); or
- The affairs of the comp any ha been fully wound up under a winding up by the Court but there are no assets or assets available are not sufficient to obtain a dissolution order from the Court [Section 549(d)(iii).