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Section 296: Power of Tribunal to make calls.

The Companies Act, 2013Central Act · Act 18 of 2013

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.

Where this provision sits

ActThe Companies Act, 2013
Section296
Marginal notePower of Tribunal to make calls.
JurisdictionCentral
StatusIn force as published by the source

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