Ex Parte Mango Group Ltd (XP 133/2015) [2015] SCSC 481 (28 October 2015)

Ex Parte Mango Group Ltd (XP 133/2015) [2015] SCSC 481 (28 October 2015)

The applicant met the statutory requirements for reinstatement, there were no objections, and it was just and necessary to restore the company to the register, subject to payment of outstanding fees and compliance with the Act.

Citation
[2015] SCSC 481
Parties
Applicant: Mango Group Ltd; Respondent: Financial Services Authority
Court
Supreme Court
Jurisdiction
Seychelles
Judgment Date
28 October 2015
Case Number
XP 133/2015
Procedural Posture
Application / Order
Outcome
application granted
Legal Topics
Reinstatement of Company, Striking Off Register, International Business Companies Act
Source Language
English
Company Law Reinstatement of Company Striking Off Register International Business Companies Act

Case Brief

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Parties

Mango Group Ltd

Applicant

Financial Services Authority

Respondent

Procedural Posture

Application / Order

Legal Issues

  1. 1 Whether Mango Group Ltd should be reinstated on the Register of Companies under Section 98 of the International Business Companies Act

Ratio Decidendi

The applicant met the statutory requirements for reinstatement, there were no objections, and it was just and necessary to restore the company to the register, subject to payment of outstanding fees and compliance with the Act.

Court Disposition

application granted

Orders

  • Registrar of the Financial Services Authority to reinstate Mango Group Ltd to the Register of Companies upon full payment of outstanding fees and penalties and compliance with Section 65(1)(f) of the IBC Act
  • Upon restoration, the company is deemed never to have been struck off the register