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The Joint-stock Companies Act, 1857

LXVIII. Application for winding-up to be by petition.-

Any application for the winding-up of a Company shall be by petition accompanied by a declaration signed by the petitioner stating that he verily believes the same to be true: such petition may, in cases where the Company is unable to pay its debts, be presented either by a creditor or a contributory; but where any other ground is alleged for winding-up the Company, a contributory alone is entitled to present the petition.

Joint-Stock Companies Act, 1857 Back

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