741. (1) On an application by the Registrar in accordance with subsection (2), the court may order that a company that has been struck off the register be restored to the register if—

(a) the application is made within the period of 20 years after the date of dissolution of the company, and

(b) it is just and equitable to do so.

(2) An application under this section shall be made on notice to each person who, to the knowledge of the Registrar, was an officer of the company at the date of its dissolution.

(3) On the making of the order, the company shall be deemed to have continued in existence as if it had not been struck off the register.

(4) In making an order under this section, the court may award the Registrar the costs of the application against the company restored to the register.