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LoginExplain the following term/concept.
Forfeiture of shares
General Awareness General QA . 2 years ago
+10 pts
If a shareholder, who is called upon to pay any call fails to pay the amount, even after sending many reminders the company may forfeit its shares. Thus forfeiture of shares means cancellation of shares.
Posted on 06 Oct 2022, this text provides information on General Awareness related to General QA. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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