Central · Act 10 of 1949

Section 45E — Special provisions to make calls on contributories.

The Banking Regulation Act, 1949

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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 footnotes

1. Subs. by Act 52 of 1953, s. 10, for Part IIIA (w.e.f. 30-12-1953).

2. Subs. by Act 95 of 1956, s. 14 and the Schedule, for "section 184 of the Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957).

3. Subs. by s. 14 and the Schedule, ibid., for "section 187 of the Indian Companies Act, 1913 (7 of 1913)" (w.e.f. 14-1-1957)

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Next · Section 45FDocuments of banking company to be evidence. →All sections / सभी धाराएँThe Banking Regulation Act, 1949 →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Application of other laws not barred.Section 3 · Act not to apply to certain co-operative societies.Section 4 · Power to suspend operation of Act.Section 5 · Interpretation.Section 5A · Act to override memorandum, articles, etc.Section 6 · Form of business in which banking companies may engage.Section 7 · Use of words "bank", "banker", "banking" or "banking company".
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India Code, Government of India. Text fetched 15 Oct 2026. Source metadata reports last modification: 2026-01-06. Check the linked official text and subsequent notifications when applying a provision.

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