The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 132. No contributory of a Company under this Act shall be capable of presenting a petition for winding-up such Company unless the members of the Company

Repealed or not in force · As amended up to 2026-08

132. No contributory of a Company under this Act shall be capable of presenting a petition for winding-up such Company unless the members of the Company Contributory when not qualified to present winding-up petition. 1882.] Companies. Company are reduced in number to less than seven, or unless 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 a period of at least six months during the eighteen months previous to the commencement of the winding-up, or have devolved upon him through the death of a former holder: Provided that, where a share has, during the whole or any part of the six months, been held by or registered in the name of the wife of a contributory either before or after her marriage, or by or in the name of any trustee for such wife, or for the contributory, such share shall, for the purposes of this section, be deemed to have been held by and registered in the name of the contributory.

Source: India Code