9911796707
TMI BlogPetition for winding upX X X X Extracts X X X X X X X X Extracts X X X X ..... d) the Registrar; (e) any person authorised by the Central Government in that behalf; or (f) in a case falling under clause (b) of section 271, by the Central Government or a State Government. (2) A contributory shall be entitled to present a petition for the winding up of a company, notwithstanding that he may be the holder of fully paid-up shares, or that the company may have no assets at all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nction unless the company has been given a reasonable opportunity of making representations. (4) A petition presented by the company for winding up before the Tribunal shall be admitted only if accompanied by a statement of affairs in such form and in such manner as may be prescribed. (5) A copy of the petition made under this section shall also be filed with the Registrar and the Registrar shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-section (1) of section 271, by the Central Government or a State Government. (2) A secured creditor, the holder of any debentures, whether or not any trustee or trustees have been appointed in respect of such and other like debentures, and the trustee for the holders of debentures shall be deemed to be creditors within the meaning of clause (b) of sub-section (1). (3) A contributory shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the grounds specified in clause (b), clause (d) or clause (g) of that sub-section: Provided that the Registrar shall not present a petition on the ground that the company is unable to pay its debts unless it appears to him either from the financial condition of the company as disclosed in its balance sheet or from the report of an inspector appointed under section 210 that the company is unable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se for the winding up of the company and until such security for costs has been given as the Tribunal thinks reasonable. (7) A copy of the petition made under this section shall also be filed with the Registrar and the Registrar shall, without prejudice to any other provisions, submit his views to the Tribunal within sixty days of receipt of such petition." 2. Substituted vide COMPANIES (A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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