Commentary Part 31: Dissolution and Restoration to the Register Restoration to the register: supplementary provisions Section 1034: Effect of restoration to the register where property has vested a bona vacantia
1285.This section replaces section 655 of the 1985 Act with little change of substance. However, it makes new provision (subsection (3)) that, where a company’s property has passed to the Crown and been disposed of, the Crown, in reimbursing the newly restored company, may deduct the reasonable costs of sale which were incurred.