Section 45E of the Banking Regulation Act, 1949 – Special provisions to make calls on contributories

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Section 45E: Special provisions to make calls on contributories

1[45E. Special provisions to make calls on contributories.– Notwithstanding that the list of the contributories has not been settled under 2 [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 3[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.]

Source: official text of The Banking Regulation Act, 1949 as published on India Code (PDF). All sections of the Banking Regulation Act, 1949.

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