Accountancy, asked by salonibhat180719, 9 months ago

share forfeituure mean concellation of share .(true and false) ​

Answers

Answered by ITZSAVANTH
4

Answer:

True.

Explanation:

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Answered by priyaayika
0

Explanation:

true

Forfeiture of Shares. Forfeiture of share means the cancellation of the shares for non-payment of calls due.

If any shareholder is not able to pay the amount of call, the company may exercise the power to forfeit his shares on which he is unable to pay the amount of call.

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