725. (1) Except in the case of an application by a company to be struck off the register, the Registrar may strike a company off the register if—

(a) there exists one or more of the grounds for striking off set out in section 726 — “involuntary strike off”, and

(b) the Registrar has followed the procedure set out in sections 727, 728, 730 and 733(1).

(2) In the case of an application by a company to be struck off the register, the Registrar may strike the company off the register if—

(a) the conditions for striking off set out in section 731 have been satisfied — “voluntary strike off”, and

(b) the Registrar has followed the procedure set out in sections 732 and 733(2).