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In a No Liability company a. A shareholder is not liable in the event of the winding up to pay unpaid calls on shares b.

In a No Liability company

	a.	A shareholder is not liable in the event of the winding up to pay unpaid calls on shares
	b.	There must be a constitution
	c.	Shares will not be forfeited as a result of not paying calls made on them
	d.	Both (a) and (b) are correct

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