CA Foundation Exam > CA Foundation Videos > Principles and Practice of Accounting > Forfeiture of Share
Forfeiture of Share Video Lecture | Principles and Practice of Accounting - CA Foundation
|
68 videos|160 docs|83 tests
|
FAQs on Forfeiture of Share Video Lecture - Principles and Practice of Accounting - CA Foundation
| 1. What is forfeiture of share? |  |
Ans. Forfeiture of share refers to the process in which a company cancels the shares owned by a shareholder due to non-payment of the required amount. This can happen if a shareholder fails to pay the call money or any installments due on the shares.
| 2. What are the consequences of share forfeiture? | |
Ans. The consequences of share forfeiture include the cancellation of the shareholder's ownership rights in the company, loss of voting rights, and the company's ability to sell the forfeited shares to someone else. The shareholder also loses any dividends or other benefits associated with the forfeited shares.
| 3. Can a company forfeit shares without giving notice to the shareholder? | |
Ans. No, a company cannot forfeit shares without giving notice to the shareholder. As per the rules and regulations, a company must provide a written notice to the shareholder before proceeding with the forfeiture process. The notice should specify the amount due, the deadline for payment, and the consequences of non-payment.
| 4. Is there any way for a shareholder to avoid share forfeiture? | |
Ans. Yes, a shareholder can avoid share forfeiture by making the required payment within the specified deadline mentioned in the notice. If the shareholder pays the outstanding amount before the forfeiture process is completed, their shares will be reinstated, and they will retain their ownership rights in the company.
| 5. Can a company sell forfeited shares to recover the outstanding amount? | |
Ans. Yes, a company can sell forfeited shares to recover the outstanding amount from the shareholder. Once the shares are forfeited, the company has the right to sell them to a third party and use the proceeds to cover the unpaid amount. However, any surplus amount obtained from the sale must be returned to the shareholder after deducting the outstanding dues.
Related Exams
About this Video
|
4.92/5 Rating |
|
Nov 08, 2024 Last updated |
Video Description: Forfeiture of Share for CA Foundation 2024 is part of Principles and Practice of Accounting preparation.
The notes and questions for Forfeiture of Share have been prepared according to the CA Foundation exam syllabus.
Information about Forfeiture of Share covers all important topics for CA Foundation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Forfeiture of Share.
Introduction of Forfeiture of Share in English is available as part of our Principles and Practice of Accounting for CA Foundation & Forfeiture of Share in
Hindi for Principles and Practice of Accounting course. Download more important topics related with notes, lectures and mock test series for
CA Foundation Exam by signing up for free.
Description
Video Lecture & Questions for Forfeiture of Share Video Lecture | Principles and Practice of Accounting - CA Foundation - CA Foundation full syllabus preparation | Free video for CA Foundation exam to prepare for Principles and Practice of Accounting.
Information about Forfeiture of Share
Here you can find the meaning of Forfeiture of Share defined & explained in the simplest way possible.
Besides explaining types of Forfeiture of Share theory, EduRev gives you an ample number of questions to practice Forfeiture of Share tests,
examples and also practice CA Foundation tests.
|
68 videos|160 docs|83 tests
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,video lectures
,Forfeiture of Share Video Lecture | Principles and Practice of Accounting - CA Foundation
,practice quizzes
,study material
,Forfeiture of Share Video Lecture | Principles and Practice of Accounting - CA Foundation
,Previous Year Questions with Solutions
,Exam
,Viva Questions
,Summary
,Semester Notes
,ppt
,mock tests for examination
,Important questions
,Objective type Questions
,shortcuts and tricks
,Sample Paper
,Extra Questions
,past year papers
,Forfeiture of Share Video Lecture | Principles and Practice of Accounting - CA Foundation
,Free
;
Study Forfeiture of Share on the App
Students of CA Foundation can study Forfeiture of Share alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Forfeiture of Share,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Forfeiture of Share is prepared as per the latest CA Foundation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup