Striking off

(1) Notwithstanding section 6, where the Registrar has reasonable cause to believe that a company incorporated under this Act no longer satisfies the requirements prescribed for an international business company under section 5 or the Economic Substance Act, the Registrar shall serve on the company a notice that the name of the company shall be struck off the register, unless the company or another person satisfies the Registrar within 30 days immediately following the date thereof that the name of the company should not be struck off. (2) If the Registrar– (a) receives from the company a notice stating that the company no longer satisfies the requirements prescribed for an international business company under section 5; or International Business Companies[CAP. 270 113 (b) does not receive a reply to the notice served on the company under sub-section (1), or receives a reply which the finds unsatisfactory, the Registrar shall strike the name of the company off the Register, and shall inform the registered agent of the company accordingly. (3) The Registrar shall publish notice of the striking off in the Gazette, the website of the Registrar or other publication of general circulation in Belize. (4) If a company has failed to pay the increased licence fee due under section 114(3), the Registrar shall, within 30 days immediately following the date specified in that sub-section, publish on the website of the Registrar or other publication of general circulation in Belize and serve on the company a notice stating the amount of the licence fee due under section 114(3) and stating that the name of the company will be struck off the Register if the company fails to pay the licence fee on or before the 31st December next ensuing. (5) If a company fails to pay the increased licence fee stated in the notice referred to in sub-section (4), by the 31st December referred to in that sub-section, the Registrar shall strike the name of the company off the Register from the 1st January next ensuing. (6) A company that has been struck off the Register under this section remains liable for all claims, debts, liabilities and obligations of the company, and the striking off does not affect the liability of any of its members, directors, officers or agents.