Shares can be forfeited:

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Shares can be forfeited:

Options:

For failure to attend meetings

For failure to repay the loan to the bank

For which shares are pledged as a security

For non-payment of call money

Correct Answer:

For non-payment of call money

Explanation:

The correct answer is Option (4) → For non-payment of call money