Clause 307

Where a company has been dissolved the Court may at any time within two years after the date of dissolution, on application of the liquidator of the company or of any other person who appears to the Court to be interested, make an order upon such terms as the Court thinks fit declaring the dissolution to have been void, and thereupon such proceedings may be taken as might have been taken if the company had not been dissolved.[U.K.s. 352.][Aust. s. 307.]

The person on whose application the order was made, shall within seven days after the making of the order or such further time as the Court allows lodge with the Registrar and with the Official Receiver an office copy of the order and if he fails so to do shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding two hundred and fifty dollars.