Revised Laws of Saint Lucia (2022)

100.   Restoration to Register

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    (1)   If the name of an international business company has been struck off the Register under section 99(4), the international business company, or a creditor, member or liquidator thereof, may apply to the Court to have the name of the international business company restored to the Register.

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    (2)   If upon an application under subsection (1) the Court is satisfied that—

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      (a)     at the time the name of the international business company was struck-off the Register, the international business company was not in contravention of section 12; and

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      (b)     it would be fair and reasonable for the name of the international business company to be restored to the Register;

the Court may order the name of the international business company to be restored to the Register upon payment to the Registrar of all fees due under section 104 and all penalties due under section 105 without any increase for late payment, and upon restoration of the name of the international business company to the Register, the name of the international business company is deemed never to have been struck off the Register.

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    (3)   If the name of an international business company has been struck-off the Register under section 99(6), the international business company, or a creditor, member or liquidator thereof, may, within 3 years immediately following the date of the striking-off, apply to the Registrar to have the name of the international business company restored to the Register, and upon payment to the Registrar of—

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      (a)     all the fees due under section 104;

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      (b)     the licence fee stated in the notice referred to in section 99(5); and

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      (c)     a licence fee in the amount stated in the notice referred to in paragraph (b) for each year or part thereof during which the name of the international business company remained struck off the Register,

the Registrar shall restore the name of the international business company to the Register and upon restoration of the name of the international business company to the Register, the name of the international business company shall be deemed never to have been struck off the Register.

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    (4)   For purposes of this Part, the appointment of an official liquidator under section 102 operates as an order to restore the name of the international business company to the Register.