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of <h1>Definition of 'Contributory' in Companies Act 2013: Fully paid-up shareholders hold rights but no liabilities in winding up.</h1> A 'Contributory' under section 2(26) of the Companies Act, 2013, refers to an individual responsible for contributing to a company's assets during its winding up. The definition clarifies that a person with fully paid-up shares is considered a contributory but does not bear the liabilities of a contributory, although they retain the rights associated with that status.
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