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Members of a company limited by guarantee undertake to contribute to:

Section 2(21) defines a company limited by guarantee as one whose members undertake "to contribute to the assets of the company in the event of its being wound up". The…

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Members of a company limited by guarantee undertake to contribute to:

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Correct answer C

Section 2(21) defines a company limited by guarantee as one whose members undertake "to contribute to the assets of the company in the event of its being wound up". The undertaking bites only on winding up, not on yearly losses or at incorporation.

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