(1) The Registrar may strike off the register a company or other corporate body, if —
(a) the company or other body corporate fails to send any return, notice, document, statement or prescribed fee to the Registrar as required under this Act;
(b) the company is dissolved;
(c) the company or other body corporate is amalgamated with one or more other companies or bodies corporate;
(d) the company does not carry out an undertaking given under section 523(a)(i); or
(e) the registration of the body corporate is revoked under this Act.
(Substituted by Act 13 of 2015)
(2) Where the Registrar is of the opinion that a company or other body corporate is in default under subsection (1)(a), he or she shall send it a notice advising it of the default and stating that, unless the default is remedied within 30 days after the date of the notice, the company or other body corporate will be struck off the register.
(3) Section 521 applies with the necessary modifications to the notice mentioned in subsection (2).
(4) After the expiration of the time mentioned in the notice, the Registrar may strike the company or other body corporate off the register and publish a notice thereof in the Gazette.
(5) Where a company or other body corporate is struck off the register, the Registrar may, upon receipt of an application in the prescribed form and upon payment of the prescribed fee, restore it to the register and issue a certificate in a form adapted to the circumstances.