Act Number: 19

Act Name: The Joint-stock Companies Act, 1857

Year: 1857

Enactment Date: 1857-07-10

Long Title: An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.

Ministry: Ministry of Corporate Affairs

Department:

Section 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.
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