Question

Can fully paid up shares be forfeited by a company? If so, under what circumstances?​

Answer 1

Answer:

Nayra, Fully paid-up shares are those shares on which the shareholders' have paid the entire amount due from such shares. Forfeiture of shares is done when a shareholder fails to pay the amount when called by the company. Therefore, what we can say is that fully paid-up shares cannot be forfeited