Company restoration under statutory striking-off rules may be granted where revival is bona fide and justice requires reinstatement.

A company struck off under the statutory removal procedure may seek restoration under the restoration provision where it shows a bona fide case for revival and the interests of justice favour reinstatement. The analysis notes that factors such as ongoing business activity, recent turnover, absence of pending investigations, and overall maintainability may support restoration. Any reinstatement may be made subject to compliance directions and other conditions designed to protect regulatory compliance and stakeholder interests, including consequential restoration of the directors' DINs.

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Issues: Whether the name of the company, which had been struck off by the Registrar of Companies, should be restored under the statutory restoration power.

Analysis: The company was struck off after notices were issued under the statutory scheme governing removal of dormant or non-operational companies. The restoration request was examined in the light of the company's plea that it had been carrying on business, had turnover in recent years, there were no pending investigations, and the petition was otherwise maintainable. The Tribunal also considered that the restoration power is intended to be exercised where justice and fairness so require, and that restoration may be ordered on terms to protect regulatory compliance and other stakeholders.

Conclusion: The company's name was ordered to be restored in the register, with consequential restoration of the directors' DINs and compliance directions imposed as conditions.

Ratio Decidendi: A company struck off under the statutory removal procedure may be restored under the restoration provision when the circumstances show a bona fide case for revival and the interests of justice warrant reinstatement, subject to compliance terms.

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