BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 34 - Call on Contributories

(1) The liquidator may, at any time after the making of a winding up order, and either before or after it has ascertained the sufficiency of the assets of the company, make calls on all or any of the contributories for the time being settled on the list of contributories to the extent of their liability, for payment of any moneys which the liquidator considers necessary to satisfy the debts and liabilities of the company, and the costs, charges and expenses of the winding up, and for the adjustment of the rights of the contributories among themselves, and make an order for payment of any calls so made.

(2) In making a call the liquidator may take into consideration the probability that some of the contributories may partly or wholly fail to pay the call.

(3) The liquidator may order any contributory, purchaser or other person from whom money is due to the company to pay the amount due into a bank specified by him or any branch thereof to the account of the liquidator instead of to the liquidator, and any such order may be enforced in the same manner as if it had directed payment to the liquidator.

(4) An order or call made by the liquidator under the provisions of this section shall, subject to any right of appeal, be conclusive evidence that the money, if any, thereby appearing to be due or ordered to be paid is due.

(5) Any call made by the liquidator under subsection (1) of this section shall, for the purposes of recovering any sum due, have the same effect as an order of the Court.