WebThe Directors of a company forfeited 300 shares of ₹ 10 each issued at a premium of ₹ 3 per share , for the non-payment of the first call money of ₹ 2 per share . The final call of ₹ 2 per share has not been made. Half the forfeited shares were reissued at ₹ 1,500 as fully … WebApr 26, 2024 · The directors of a company forfeited 1,000 equity shares of Rs. 10 each (fully called) on which Rs. 4,00 had been paid. 400 of these shares were re-issued up...
Forfeiture And Surrender Of Shares Under Company Law
WebJun 29, 2024 · Forfeited shares are shares that are canceled by a company’s board of directors if the shareholder neglects to live up to their purchasing agreement. When your shares are forfeited, ... Former GameStop CEO … WebAfter completing the legal formalities, the Board of Directors forfeited these shares. Consequently, the second call was made on 4,99,200 shares only which was duly received … soul train line mail ru
Forfeiture of Shares - The Investors Book
WebJun 19, 2024 · If the defaulting shareholder does not pay the amount within the specified period mentioned in the notice properly served to him, the directors of the company may … WebDec 16, 2024 · It is important that the company and the auditors concerned check the following : Ascertain that Articles of Association authorize Board to reissue forfeited … WebForfeiture of share means the cancellation of the shares for non-payment of calls due. But, the company can forfeit shares only if the Article of Association of the company allow forfeiture. 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 ... perencrumble jeroen meus