Can a contributory present a petition for winding up of a company? When?

A contributory shall not be entitled to present a petition for winding up a company, unless –

(i) either the number of members is reduced in the case of a private company, below two, or, in the case of any other company, below seven; or

(ii) 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 at least six months during the eighteen months before the commencement of the winding up, or have devolved on shim through the death of a former holder;