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Which one of the following is False?

A)  Preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company

B)  The liquidator has a legal right of forfeiting the shares of those who   fail to pay the amount due        

C)  The holder of fully paid shares are also treated as contributories even though they are not to contribute to the assets of the company

D)  Liquidator of the company is responsible for realisation of assets and distribute the proceeds amongst the right claimants