Company Law Reform Bill [HL]

moved Amendment No. 49:"Page 47, leave out lines 10 and 11 and insert—" ““(   )   The statement of guarantee required to be delivered in the case of a company that is to be limited by guarantee 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.”” On Question, amendment agreed to. Clause 109 [Application and accompanying documents]: