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A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited?
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A limited forfeited 200 share of Rs 10 each by Swati for non payment o...
Understanding Share Forfeiture
Share forfeiture occurs when a company cancels an unpaid share due to a shareholder's failure to pay the required amount. In this case, Swati's 200 shares are being forfeited for non-payment.
Key Aspects of Forfeited Shares
Conclusion
Forfeiture acts as a tool for companies to manage unpaid dues and maintain financial discipline among shareholders. It is a critical aspect of corporate governance and financial management.
Share forfeiture occurs when a company cancels an unpaid share due to a shareholder's failure to pay the required amount. In this case, Swati's 200 shares are being forfeited for non-payment.
Key Aspects of Forfeited Shares
- Definition: Forfeiture refers to the cancellation of shares when shareholders do not pay the allotment or call money.
- Reasons for Forfeiture:
- Non-payment of allotment money.
- Failure to pay final call money.
- Share Details:
- Each share has a face value of Rs 10.
- Swati was required to pay allotment and call money but did not comply.
- Process of Forfeiture:
- The company issues a notice to the shareholder about the unpaid dues.
- If dues remain unpaid, the shares are forfeited.
- Consequences of Forfeiture:
- The shareholder loses ownership of the shares.
- The company can reissue the forfeited shares to new investors.
- Impact on Company:
- Increases the company's capital base if reissued.
- Reduces the number of defaulting shareholders.
Conclusion
Forfeiture acts as a tool for companies to manage unpaid dues and maintain financial discipline among shareholders. It is a critical aspect of corporate governance and financial management.
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A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited?
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A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited?.
A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A limited forfeited 200 share of Rs 10 each by Swati for non payment of allotment money rupees and final Kaun Banega rupees for purchasing paid the error application money at 3 give general explain of the forfeited?.
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