ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART X - WINDING UP
DIVISION 3 - VOLUNTARY WINDING UP
Subdivision (4) - Provisions applicable to every Voluntary Winding up

 
Section 276. Limitation on right to wind up voluntarily.
 
Section 276. Limitation on right to wind up voluntarily. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) Where a petition has been presented to the Court to wind up a company on the ground that it is unable to pay its debts the company shall not without the leave of the Court resolve that it be wound up voluntarily.