387 Restoration of dissolved former Act companies

(1) An application may be made to the Court under this Act to rescind the
dissolution of a former Act company dissolved under the former Act as
if it was a company dissolved under this Act on the date that it was
dissolved under the former Act.

(2) An application made under subsection (1) —

(a) shall be made within seven years of the dissolution of the former
Act company under the former Act;

(b) shall be determined in accordance with this Act.

(3) If the dissolution of a former Act company is rescinded in accordance
with this section, the company shall be restored to the Register
maintained under this Act.