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Question
There must be provision in ___________ for forfeiture of shares.
Options
Article of Association
Memorandum of Association
Prospectus
Balance Sheet
MCQ
Fill in the Blanks
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Solution
There must be provision in Articles of Association for forfeiture of shares.
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Chapter 8: Company Accounts - Issue of Shares - Exercise 8.1 (Objective Questions) [Page 338]
