Question:
What is meant by Forfeiture of Shares?
What is meant by Forfeiture of Shares?
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Forfeiture = cancellation of shares due to non-payment of calls.
Updated On: Nov 30, 2025
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Solution and Explanation
Forfeiture of shares refers to the cancellation of shares by a company when a shareholder fails to pay the allotment money or subsequent calls within the specified time. When the company issues a notice demanding payment and the shareholder still does not comply, the company has the right to forfeit those shares. Once forfeited, the shareholder loses ownership rights, voting rights and any amount already paid on those shares. The forfeited amount becomes a capital profit for the company and may later be transferred to the Capital Reserve after reissue. Forfeiture ensures discipline among shareholders and protects the company from non-payment issues.
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Questions Asked in MPBSE Class XII Board exam
निम्नलिखित में से किसी एक विषय पर निबंध लिखिए:
(i) पर्यावरण की सुरक्षा
(ii) दुखों की उपयोगिता
(iii) विद्यार्थी और अनुशासन
(iv) राष्ट्रीय एकता और अखंडता
(v) इंटरनेट का दैनिक जीवन में अनुपयोगपरीक्षा की तैयारी की जानकारी देते हुए पिता को पत्र लिखिए।
द्वनि विस्तारक यंत्रों पर प्रतिबंध लगाने हेतु जिला सचिव महोदय को प्रार्थना पत्र लिखिए।
निम्नलिखित गद्यांश की संदर्भ-प्रसंग सहित व्याख्या कीजिए: गद्यांश: पैसा पावर है। पर उसके स्वभाव में आस-पास सालों तक जमा न जमा हो तो क्या वह ताकत पावर है! पैसे को देखने के लिए बैंक-हिसाब सीट, पर माल-असबाब, मकान-कोठी तो अनदेखे भी दीखते हैं। पैसे के उस 'पेसींग पावर' के प्रयोग में ही पावर का खेल है।
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