On application by a company, the registrar of companies may strike the company's name off the register.
The application—
must be made on the company's behalf by its directors or by a majority of them, and
must contain the prescribed information.
The registrar may not strike a company off under this section until after the expiration of 2 months from the publication by the registrar in the Gazette of a notice—
stating that the registrar may exercise the power under this section in relation to the company, and
inviting any person to show cause why that should not be done.
The registrar must publish notice in the Gazette of the company's name having been struck off.
On the publication of the notice in the Gazette the company is dissolved.
However—
the liability (if any) of every director, managing officer and member of the company continues and may be enforced as if the company had not been dissolved, and
nothing in this section affects the power of the court to wind up a company the name of which has been struck off the register.