This bill is a law to bring back Gilda Investments Limited, a company that was dissolved in 1995 because it didn't follow certain filing rules. The person applying for the law, Gilda Lucy Price, says her mother was the owner of the company when it was dissolved. She also says that despite not being active officially, the business kept operating in the company's name. The law will make the company legally active again, with all the rights and responsibilities it had before it was dissolved. The law takes effect once it receives royal approval.
If you are a person or business that interacted with Gilda Investments Limited before it was dissolved, this law means the company is now legally active again. The company can now own property, enter into contracts, and carry out other business activities as if it had never been dissolved. If anyone owed money or had legal claims against the company, those issues might now be affected. This could impact financial or legal arrangements associated with the company from the past.
No publicly available information.
Supporters of the law argue that it is fair because the company was dissolved by mistake or oversight and has continued to operate. They say reviving the company will help settle its affairs and allow it to conduct legitimate business activities. They believe this promotes fairness for the company owner and helps resolve any incomplete legal or financial matters.
Opponents might worry that reviving the company could cause confusion or unfair advantages for those who interacted with it in the past. They could be concerned that creditors or other parties might face difficulties if the company's legal status is changed after so many years. Critics may also see potential risks if liabilities or debts from the past are revived along with the company, possibly causing legal complications or financial risks for third parties.