Maharashtra State BoardHSC Commerce 12th Board Exam
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Select the correct answer from the options given below and rewrite the statement. Company can ______ shares on non-payment of calls. - Secretarial Practice

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MCQ

Select the correct answer from the options given below and rewrite the statement.

Company can ______ shares on non-payment of calls.

Options

  • forfeit

  • surrender

  • allot

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Solution

Company can forfeit shares on non-payment of calls.

Concept: Forfeiture of Shares
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 3 Issue of Shares
Exercises | Q 1. A) 14. | Page 61
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