(1) On an application in accordance with section 169 by a person specified in subsection (2), the High Court may order that an ICAV that has been struck off the register of ICAVs be restored to the register of ICAVs if -
(a) the striking off of the ICAV has disadvantaged the applicant,
(b) the application is made within the period of 2 years after the date of dissolution of the ICAV, and
(c) it is just and equitable to do so.
(2) The High Court may make the order on the application of -
(c) a person who was a member or an officer of the ICAV at its date of dissolution, or
(d) a person who, at the date of its dissolution, had an entitlement (disregarding any right of the directors to decline to register the person as such) to be registered as a member of the ICAV by virtue of -
(i) the execution, in the person’s favour, of an instrument of transfer of a share, or
(ii) the transmission, by operation of law, to the person of a right to a share.
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