Companies and Allied Matters Act 2020

Section 605

(1) The Court may, at any time after making 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 the contributories to the extent of their liability, for payment of any money which the Court considers necessary to satisfy the debts and liabilities of the company, the costs, charges and expenses of winding up, the adjustment of the rights of the contributories among themselves, and make an order for payment of the calls made.

(2) In making a call under this section, the Court shall take into consideration the probability that some of the contributories may fail, wholly or partially to pay for the call.

606. (1) The Court may order any contributory, purchaser or other person from whom money is due to the company to pay it into the company's liquidation account referred to in section 591 of this Act to the account of the liquidator instead of directly to the liquidator and the order may be enforced in the same manner as if it had directed payment to the liquidator.

(2) Moneys and securities paid or delivered into the company's liquidation account in the event of a winding up by the Court shall be subject in all respects to any relevant order of the Court.

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