Regulation 6 Statement of guarantee
Where the company proposes to register as a company limited by guarantee, the members' assent to its being registered (see regulation 3) must be accompanied by a resolution containing a statement of guarantee.
The statement of guarantee required is a statement 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—
payment of the debts and liabilities of the company contracted before he ceases to be a member,
payment of the costs, charges and expenses of winding up, and
adjustment of the rights of the contributories among themselves,
not exceeding a specified amount.
The statement of guarantee required to be delivered to the registrar in the case of a company that is to be limited by guarantee is a copy of the resolution containing the statement of guarantee.