Cos 296 — Power of Tribunal to make calls

Companies Act, 2013

Statutory text

The Tribunal may, at any time after the passing of a winding up order, and either before or after it has ascertained the sufficiency of the assets of the company,—
(a) make calls on all or any of the contributories for the time being on the list of the contributories, to the  extent of their liability, for payment of any  money which  the Tribunal considers  necessary to satisfy the debts and liabilities of the company, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves; and (b) make an order for payment of any calls so made.

Back to Cos