Shares can be forfeited:a) For non-payment of call money. b) For failu

1.	Shares can be forfeited:a) For non-payment of call money. b) For failure to attend meetings .c)For payment of calls in advance. d) None of these.
Answer» ANSWER: option: A Explanation: 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. Some shareholders MIGHT fail to pay instalments, ALLOCATION of money or call money

Shares can be forfeited:a) For non-payment of call money. b) For failure to attend meetings .c)For payment of calls in advance. d) None of these.

Answer»

option: A

Explanation:

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. Some shareholders MIGHT fail to pay instalments, ALLOCATION of money or call money

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Shares can be forfeited:a) For non-payment of call money. b) For failure to attend meetings .c)For payment of calls in advance. d) None of these.​

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Shares can be forfeited:a) For non-payment of call money. b) For failure to attend meetings .c)For payment of calls in advance. d) None of these.