274 Effect of striking off

(1) Where the name of a company has been struck off the Register, the
company and the directors, members and any liquidator or receiver
thereof, shall not —

(a) commence legal proceedings, carry on any business or in any
way deal with the assets of the company;

(b) defend any legal proceedings, make any claim or claim any right
for, or in the name of, the company; or

(c) act in any way with respect to the affairs of the company.

(2) Notwithstanding subsection (1), where the name of a company has been
struck off the Register, the company, or a director, member, liquidator or
receiver thereof, may —

(a) make application for restoration of the company to the Register;

(b) continue to defend proceedings that were commenced against the
company prior to the date of the striking-off; and

(c) continue to carry on legal proceedings that were instituted on
behalf of the company prior to the date of striking-off.

(3) The fact that the name of a company is struck off the Register does not
prevent —

(a) the company from incurring liabilities;

(b) any creditor from making a claim against the company and
pursuing the claim through to judgment or execution; or

(c) the Financial Intelligence Unit, Seychelles Revenue Commission
or any other governmental body from making a claim against the
company under a written law of Seychelles and pursuing the
claim through to judgment or execution,

and does not affect the liability of any of its members, directors, other
officers or agents.


(4) A company continues to be liable for all fees and penalties payable under
this Act notwithstanding that the name of the company has been struck
off the Register.