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प्रश्न
State, whether the following statements is True or False.
A public company forfeits share on non-payment of final call only.
विकल्प
True
False
MCQ
सत्य या असत्य
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उत्तर
False
Explanation: A company can forfeit the shares of a shareholder if he fails to pay any instalment due from him to the company. A company is required to issue a clear 14 days’ notice to the defaulting shareholder asking him to pay the due amount on his shares, failing which, his shares are forfeited.
shaalaa.com
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