312 Ground on which Registrar, Authority or Minister may make winding up application

(1) A company may be wound up by the Court if the Court is of the opinion
that it is desirable that the company should be wound up for the protection
Minister may make
of the public or of the reputation of Seychelles.

(2) An application under subsection (1) for the compulsory winding up of a
company may be made to the Court only by the Registrar, the Authority
or the Minister.

(3) An order made by the Court on an application under subsection (1)
operates for the benefit of all the company‘s creditors in the same way as
if the application had been presented by them.

(4) This section is in addition to and not in derogation from the other
provisions of this Part and any other provision of law relating to winding
up.