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TMI BlogProvisions as to applications for winding up.X X X X Extracts X X X X X X X X Extracts X X X X ..... itors, including any contingent or prospective creditor or creditors; or (c) by any contributory or contributories; or (d) by all or any of the parties specified in clauses (a), (b) and (c), whether together or separately; or (e) by the Registrar; or (f) in a case falling under section 243, by any person authorised by the Central Government in that behalf; or* [2][(g) in a case falling u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company unless___ (a) either the number of members is reduced, in the case of a public company, below seven, and, in the case of a private company, below two; or (b) the shares in respect of which he is a contributory, or some of them, either were originally allotted to him or have been held by him, and registered in his name, for at least six months during the eighteen months immediately bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all obtain the previous sanction of the Central Government[6] to the presentation of the petition on any of the grounds aforesaid. (6) The Central Government[7] shall not accord its sanction in pursuance of the foregoing proviso, unless the company has first been afforded an opportunity of making its representations, if any. (7) A petition for winding up a company on the ground specified in clau ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent) Act, 2002, w.e.f a date yet to be notified. * Should be inserted. [2] Inserted by the Companies (Second Amendment) Act, 2002, w.e.f a date yet to be notified. [3] Substituted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 162, for "clauses (b), (c) and (e)". [4] Substituted for "and (f)" by the Companies (Second Amendment) Act, 2002, w.e.f a date yet to be notified. [5] ..... X X X X Extracts X X X X X X X X Extracts X X X X
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