Section 45E of Banking Regulation Act - Special provisions to make calls on contributories

Section 45E of Banking Regulation Act 1949: Special provisions to make calls on contributories

Notwithstanding that the list of the contributories has not been settled under 1[section 467 of the Companies Act, 1956 (1 of 1956)], the High Court may, if it appears to it necessary or expedient so to do, at any time after making a winding up order, make a call on and order payment thereof by any contributory under sub-section (1) of 2[section 470 of the Companies Act, 1956] if such contributory has been placed on the list of contributories by the official liquidator and has not appeared to dispute his liability.

 

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1. Subs. by Act 95 of 1956, s. 14 and the Schedule, for "section 184 of the Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957)

2. Subs. by s. 14 and the Schedule, ibid., for "section 187 of the Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957)