Revised Laws of Saint Lucia (2022)

95.   Rescission

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    (1)   In the case of a winding-up and dissolution permitted under section 90, an international business company may, prior to submitting to the Registrar a notice specified in section 94(4), rescind the articles of dissolution by—

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      (a)     a resolution of directors in the case of a winding-up and dissolution under section 90(1); or

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      (b)     a resolution of members in the case of a winding-up and dissolution under section 90(2).

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    (2)   A copy of a resolution referred to in subsection (1) shall be submitted to the Registrar who shall retain and register it in the Register.

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    (3)   Within 30 days immediately following the date on which the resolution referred to in subsection (1) has been submitted to the Registrar, the international business company must cause a notice stating that the international business company has rescinded its intention to wind-up and dissolve to be published in the Gazette, in a publication of general circulation in Saint Lucia.