Posts Categorized: Court Applications

High Court Restoration

With the increase in economic activity particularly in the construction sector, banks, receivers and companies are discovering assets and property in companies that have been struck off the register. In order to transfer the assets out of the company or to sell the assets, the company must be restored to the register.

Companies miss the annual return filing deadline for various and legitimate reasons and the penalty for missing the filing deadline even by one day is very severe! A company that files late must will lose audit exemption for the following two financial years. This can have a significant impact on the viability of an SME company.

CRO got a reaction they were probably hoping for when they sent out their email on 12th October 2017 announcing “CRIMINAL PROSECUTIONS  HAVE BEEN COMMENCED “. A lot of directors and presenters started asking “what was the chances of them or their companies being prosecuted by the CRO?” Even the title of the email was

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