Petition for winding up: defines eligible petitioners and filing, sanction and disclosure requirements before the tribunal. Section 272 sets who may present a winding up petition-company, contributories, Registrar, authorised persons, and governments in specified cases-and confirms contributory standing despite fully paid shares or lack of distributable assets when shareholding conditions are met. The Registrar needs prior Central Government sanction after affording the company an opportunity to be heard. A company petition must include a prescribed statement of affairs, and the Registrar must file a copy and submit views to the Tribunal within sixty days.