Where the Registrar of Companies (“Registrar”) has reasonable cause to believe that a Company (i) is not carrying on business or (ii) is not in operation, the Registrar may strike the Company off the Register of Companies (the “Register”).
The usual reason is the failure of the Company to pay its annual fees. Alternatively, the Company itself may request the Registrar to strike it off the Register.
Where a Company has been struck off the Register, the Companies Act (2023 Revision) of the Cayman Islands provides that the Company, any shareholder or any creditor may apply to the Registrar to have the Company restored to the Register.
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