Strike-off, In The Context Of Company Registration, Refers To The Process Of Removing A Company's Name From The Official Register Maintained By The Government Or Relevant Authority. This Usually Happens When A Company Is Inactive, Not Carrying Out Business, Or Not Fulfilling Its Legal Obligations.

1. Strike-off, Restoration And
The Impact On Third Parties

2. What Is Strike-off?
• Strike-off, In The Context Of Company
Registration, Refers To The Process Of
Removing A Company's Name From
The Official Register Maintained By
The Government Or Relevant
Authority.
• This Usually Happens When A
Company Is Inactive, Not Carrying Out
Business, Or Not Fulfilling Its Legal
Obligations.

3. What Is Restoration?
Restoration is the
process of re-
registering a
company that has
previously been
struck off from
the official
register.
Restoration can
occur in cases
where a company
was struck off
involuntarily, but
its stakeholders
(such as
shareholders or
creditors) wish to
revive the
company.

4. How Does Strike-off And Restoration Affects Third Party
Creditors And Debt Recovery:
Strike-off: When A Company Is Struck Off, It Is Essentially Dissolved And
Ceases To Exist As A Legal Entity. This Can Create Challenges For Creditors
Who Are Owed Money By The Company.
Restoration: If A Company Is Restored After Being Struck Off, Creditors May
Have An Opportunity To Resume Debt Recovery Proceedings. However, The
Success Of Debt Recovery Depends On The Company's Financial Status And
The Available Assets.

5. Contractual Obligations:
• Strike-off: Contracts And Agreements Involving The Struck-off Entity
May Become Void Or Unenforceable, Leading To Potential Disputes
Between The Third Parties Who Were Party To Those Contracts.
• Restoration: If A Company Is Restored, The Contracts It Had Prior To
Strike-off Could Potentially Be Reinstated. However, The Intervening
Period Of Strike-off Could Complicate Matters, And Parties May
Need To Renegotiate Terms.

6. Strike-off: The Striking Off Of A Company's
Name From The Official Register Could Affect
The Public Perception And Trust Of The
Company And Its Associated Third Parties.
Clients, Suppliers, And Partners Might Be Wary
Of Engaging With Entities
Restoration: If A Company Is Successfully
Restored, It May Regain Some Of The Lost
Credibility. However, Third Parties Might Remain
Cautious Due To The History Of Strike-off.
Public Perception And Trust:

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