Joint Stock Companies Act, 1850, 43 of 1850 (Rep., Act 10 of 1866)

Section 8. After adjudication, Official Assignee to make estimate of sum required to pay debts of Company, and

Repealed or not in force · As amended up to 2026-08

38. After adjudication, Official Assignee to make estimate of sum required to pay debts of Company, and same to be raised by contribution of Shareholders to be assessed by Official Assignee, and non-payment of assessment to be an Act of Insolvency of defaulting Shareholder, on which petition may be presented, &c.

Source: India Code