Banking Regulation Act
Banking Regulation Act
III · Section 45E

Special provisions to make calls on contributories

Synced on 07 Jul 2026Text as per India Code

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.

(w.e.f. 14-1-1957).

Judgments on Section 45E