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- Share_forfeiture abstract "Share forfeiture is the process by which the directors of a company cancel the power of shareholder if he does not pay his call money when the company demands for it. Company will give 14 days' notice; after 14 days if shareholder does not pay then company will forfeit his shares and cut off his name from the register of shareholder. Company will not pay his received funds from shareholder. In order to do a share forfeiture the Articles of Association of the company should contain provision for that.Suppose Mr. A buys 100 shares of a company but for the time being the company asks him to pay only 50% amount. The company makes a deal with Mr. A that whenever needed the rest of the money will be asked for. Now some months later when the company asks for the remaining 50% amount, Mr. A says that he is incapable of paying. The company gives him some more time to pay but he still can't pay. So the company seizes his shares and he no longer remains a shareholder of the company! He even loses the 50% amount that he had paid. This seizure of shares is called share forfeiture. But as explained above, share forfeiture rules have to be mentioned in the company's Articles of Association compulsorily.".
- Share_forfeiture wikiPageID "24523580".
- Share_forfeiture wikiPageRevisionID "589607006".
- Share_forfeiture hasPhotoCollection Share_forfeiture.
- Share_forfeiture notability "September 2009".
- Share_forfeiture unreferenced "September 2009".
- Share_forfeiture subject Category:Corporations_law.
- Share_forfeiture subject Category:Equity_securities.
- Share_forfeiture subject Category:United_Kingdom_company_law.
- Share_forfeiture type Abstraction100002137.
- Share_forfeiture type Attribute100024264.
- Share_forfeiture type Condition113920835.
- Share_forfeiture type EquitySecurities.
- Share_forfeiture type Safety114538472.
- Share_forfeiture type Security114539268.
- Share_forfeiture type State100024720.
- Share_forfeiture comment "Share forfeiture is the process by which the directors of a company cancel the power of shareholder if he does not pay his call money when the company demands for it. Company will give 14 days' notice; after 14 days if shareholder does not pay then company will forfeit his shares and cut off his name from the register of shareholder. Company will not pay his received funds from shareholder.".
- Share_forfeiture label "Share forfeiture".
- Share_forfeiture sameAs m.080n1m3.
- Share_forfeiture sameAs Q7489510.
- Share_forfeiture sameAs Q7489510.
- Share_forfeiture sameAs Share_forfeiture.
- Share_forfeiture wasDerivedFrom Share_forfeiture?oldid=589607006.
- Share_forfeiture isPrimaryTopicOf Share_forfeiture.