Liquidator's call: contributors must pay mandated contributions into the liquidation account by the court ordered deadline. Leave is given to the Official Liquidator to make a call on all contributories, fixing an amount per share, and each contributory must, by a specified date, pay the amount due to the Official Liquidator or into the public account of India at the Reserve Bank of India to the credit of the company's liquidation account, pursuant to the winding-up order, the list of contributories and the certificate of final settlement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator's call: contributors must pay mandated contributions into the liquidation account by the court ordered deadline.
Leave is given to the Official Liquidator to make a call on all contributories, fixing an amount per share, and each contributory must, by a specified date, pay the amount due to the Official Liquidator or into the public account of India at the Reserve Bank of India to the credit of the company's liquidation account, pursuant to the winding-up order, the list of contributories and the certificate of final settlement.
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