Obligation to pay call pursuant to tribunal sanction: pay to liquidator or bank and notify with bank voucher. Notice requires a shareholder to pay a Tribunal sanctioned call by a specified deadline to the Company Liquidator or into the company's special bank account. If paying via the scheduled bank the shareholder must produce the notice and attached Tribunal order at the bank and, after payment, promptly notify the Company Liquidator with the bank voucher as proof; default will prompt enforcement proceedings.
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.
Obligation to pay call pursuant to tribunal sanction: pay to liquidator or bank and notify with bank voucher.
Notice requires a shareholder to pay a Tribunal sanctioned call by a specified deadline to the Company Liquidator or into the company's special bank account. If paying via the scheduled bank the shareholder must produce the notice and attached Tribunal order at the bank and, after payment, promptly notify the Company Liquidator with the bank voucher as proof; default will prompt enforcement proceedings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.