Section 296 of Companies Act, 2013

296. Power of Tribunal to make calls

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.

Complete: companies-act-2013