Accountancy, asked by dailyeducation7, 7 hours ago

What do you mean by forefeiture of shares ?​

Answers

Answered by nihasrajgone2005
162

Answer:

Forfeiture of shares is referred to as the situation when the allotted shares are cancelled by the issuing company due to non-payment of the subscription amount as requested by the issuing company from the shareholder. ... Their share will be forfeited, which means that the shareholder's share will be cancelled.

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Explanation:

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