Section 150
of International Business Companies Order, 2000
Section 150
(1)
Where the Registrar has reasonable cause to believe that an IBC no longer satisfies the requirements of section 6(1) or has failed to comply with the condition in section 6(4)(a), he shall serve notice on the IBC that it is liable to be struck off the register in accordance with this section.
(2)
If, within the thirty days following the date of service of a notice under subsection (1), the Registrar has not received a reply indicating compliance he shall serve on the IBC a notice (a “notice of intent”), accompanied by a copy of the notice originally served under subsection (1), informing the IBC that, if a reply is not received within thirty days following the service of the notice of intent, a notice of proposed striking off will be published in the Gazette.
(3)
If the Registrar –
(a)
does not receive a reply to a notice of intent; or
(b)
following service of a notice under subsection (1) or a notice of intent, receives from the IBC a response to the effect that it no longer satisfies the requirements of section 6(1), or has not complied with the condition in section 6(4)(a), the Registrar shall publish a notice in the Gazette that the IBC will be struck off unless the IBC or another person satisfies the Registrar that the IBC should not be struck off.
Incorporating amendments until S 53/2017
(Clean Vesion) NANI/zimah _ as of 11 February 2020
141
BLUV as at 20th June 2017
(4)
Unless, within the period of ninety days immediately following the date of publication of a notice under subsection (3), the Registrar becomes satisfied that the IBC concerned should not be struck off, he shall, at the expiry of that period, proceed to strike the
IBC off and shall publish a notice in the Gazette of the striking off.
(5)
The striking off of an IBC under this section shall not be affected by any failure on the part of the Registrar to publish a notice in the Gazette.
Striking off for failure to pay prescribed fees.