Practicing Success
Practicing Success
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| When shares are forfeited by the company? |
For non-payment of call money For failure to attend meetings For failure to repay the loan to the bank For not available on video conference of company |
| For non-payment of call money |
| Forfeiture of shares is referred to as the situation when the allotted shares are cancelled by the issuing company due to non-payment of the subscription amount as requested by the issuing company from the shareholder. |
