Section LXVIII
Application for winding-up to be by petition.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
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.