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TypeBare Act JurisdictionCentral Government

Companies Act, 1956 Section 429

Nature of liability of contributory

~1 min read
https://sooperkanoon.com/act/451682

Bare act section · Research

About this section

Companies Act, 1956 Section 429 is part of Companies Act, 1956 - Nature of liability of contributory. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) The liability of a contributory shall create a debt accruing due from him at the time when his liability commenced, but payable at the times specified in calls made on him for enforcing the liability.

(2) No claim founded on the liability of a contributory shall be cognizable by any Court of Small Causes sitting outside the presidency-towns.

Frequently asked questions

What does Companies Act, 1956 Section 429 provide?

Section Section 429 of the Companies Act, 1956 (Nature of liability of contributory) is reproduced on this page as part of the Companies Act, 1956. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 1956 Section 429?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 1956 Section 429. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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