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376.   Continuance not applied for within prescribed time

Revised Laws of Saint Lucia (2022)

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376.   Continuance not applied for within prescribed time

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    (1)   Where a former-Act company fails to apply to the Registrar for a certificate of continuance before 1 January, 2001 —

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      (a)     it shall be struck off the Companies Register and may only be restored upon application for incorporation as a new company; and

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      (b)     it shall not, without leave of the Court, sue or counterclaim in any Court but may be a defendant to a suit.

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    (2)   Where, within 3 years of the striking off of a company, the company fails to apply to be restored in accordance with subsection (1)(a), the Registrar may, upon request by a person, assign to that person the name, or a name that the Registrar considers to be similar to that of the company struck off.

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    (Substituted by Act 7 of 1999, amended by Act 33 of 1999 and substituted by Act 13 of 2015)

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