Upon resurrection of a liquidated company the accrued annual Companies Registrar fee for the period in which it was liquidated need be paid

A liquidated company was resurrected after 30 years to sell an apartment registered on its name.

The Court held that a condition for resurrecting the company is the payment of dozens of thousands of shekels of annual fee debts to the Registrar of Companies for the years in which the company was liquidated. A company must pay an annual fee to the Registrar of Companies. If the resurrection of a company is sought just to correct a formal matter related to its liquidation sometimes it may be possible to waive the fee for the years in which the company was liquidated. Here, the purpose of resurrecting the company is for profit and therefore there is no room for a fee exemption.