Question

what is forfeiture of shares?​

Answer 1

Answer:

Shares in publicly-traded companies that an owner loses or gives up by failing to honor certain purchase agreements or restrictions are considered to be forfeited. With forfeited shares, the shareholder no longer owes any remaining balance and is giving up any possible gain on the shares.

Explanation:

Answer 2

Answer:

If any shareholders fails to pay the amount due on allotment or on any call within the specified period , the directors may cancel his shares . this is called Forfeiture of shares