Question

Who are the persons entitled to present
petition for winding-up of a company and
when?​

Answer 1

Answer:

A contributory shall be entitled to present a petition for winding up a company, notwithstanding that he may be the holder of fully paid- up shares, or that the company may have no assets at all, or may have, no surplus assets left for distribution among the share- holders after the satisfaction of its liabilities.

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