Business Studies, asked by jerriclynsjohn5671, 11 months ago

Legal provisions of forfeited of share .

Answers

Answered by queensp73
0

Answer:

Forfeiture of shares is a process where the company forfeits the shares of a member or shareholder who fails to pay the call on shares or instalments of the issue price of his shares within a certain period of time after they fall due.

Explanation:

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