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The Banking Regulation Act, 1949

Part III — SUSPENSION OF BUSINESS AND WINDING UP OF BANKING COMPANIES

Section 45ESpecial provisions to make calls on contributories

Read in the full Act
Section 45E: Special provisions to make calls on contributories

45E. Special provisions to make calls on contributories

[45E. Special provisions to make calls on contributories.— Notwithstanding that the list of the contributories has not been settled under [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 [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.]

Amendment notes (3)
  1. Subs w.e.f. 30-12-1953 . Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).
  2. Subs w.e.f. 14-1-1957 . 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).
  3. Subs w.e.f. 14-1-1957 . 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)