is share can be forfeited
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Hey,
Forfieture mean the cancellation of shares due to the non payment of the calls. When a shareholder fails to pay the allotment or call money, the company informs the shareholder by giving a notice. But, even if after notice, the shareholder does not pay the amount, then the company can forfeit his/her shares by passing a resolution.
Forfieture mean the cancellation of shares due to the non payment of the calls. When a shareholder fails to pay the allotment or call money, the company informs the shareholder by giving a notice. But, even if after notice, the shareholder does not pay the amount, then the company can forfeit his/her shares by passing a resolution.
Roseleen1:
thank-you very much
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