C2C1Part 2Company formation
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2
Requirements for registration
I111Statement of guarantee
1
The statement of guarantee required to be delivered in the case of a company that is to be limited by guarantee must comply with this section.
F12
It must contain such information as may be prescribed for the purpose of identifying the subscribers to the memorandum of association.
3
It must state that each member undertakes that, if the company is wound up while he is a member, or within one year after he ceases to be a member, he will contribute to the assets of the company such amount as may be required for—
a
payment of the debts and liabilities of the company contracted before he ceases to be a member,
b
payment of the costs, charges and expenses of winding up, and
c
adjustment of the rights of the contributories among themselves,
not exceeding a specified amount.
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))