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Section 296 of Companies Act, 2013

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Section 296 of Companies Act, 2013 deals with Power of Tribunal to make calls.

From the Act

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.

Recent Cases / Related Cases / Case Laws

Related Sections from the Act

  • Section 297: Adjustment of rights of contributories
  • Section 298: Power to order costs
  • Section 299: Power to summon persons suspected of having property of company, etc.

Chapters and Sections from the Indian Companies Act, 2013

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