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प्रश्न
When can shares be forfeited?
लघु उत्तरीय
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उत्तर
When a shareholder fails to pay the allotment money or any subsequent calls, the company informs the shareholder by giving him or her proper notice. If, even after the notice, the shareholder fails to pay the due amount, the company forfeits the shares allotted to him/her.
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