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NEW QUESTION: 1
Which of the following is correct?
i. In general a company can use its share capital for any reason whatsoever, as long as it ensures that there is sufficient remaining to meet the company's debts.
ii. A company must use its capital for lawful purposes.
iii. In general, a company cannot return its share capital to its members.
A. (i) only
B. (ii) and (iii) only
C. (ii) only
D. (i) and (ii) only
Answer: B


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