Word Count : 468

---

The procedure of forfeiting shares is governed by the Articles of Association of a company and is used when a shareholder fails to pay call money on shares. It involves cancellation of partly paid shares and reverting them to the company. Forfeiture is typically done in case of non-payment of allotment or call money after due notice. The procedure begins with the issue of a notice to the defaulting shareholder. This notice must specify the amount due, provide a final date for payment (usually not less than 14 days from the date of notice), and clearly state that failure to pay will result in forfeiture. If the shareholder does not comply within the stipulated period, the Board ____ _______ ________ ______ ______ __________.
______ ______ _______ ______ ____ __________ ______.
______ ______ _________ __________ ___ ____ __________ _______ ________ ____.
_________ _________ ___ ____ ______ ________ ____ ____ _____ ________.
__________ ______ ___ ________ _______ _____.
__________ ______ _____ _______ ______ ___ _____ __________ _________.
__________ ___ __________ __________ _____ ____ ______ ____.
___ _________ ______ _____ ______ __________ ________ __________ ______ ___ ______ ___.
___ ______ ______ ______ _______ ____ _________ ________ ___.
____ ______ _______ ______ ___ ____ _____ ______ _________ ______.
_______ __________ ______ ___ ________ ___ ____ ___ ______ ________ ___.
_______ _______ ______ _____ ____.
___ _____ __________ ______ ______ ________.
__________ ______ __________ ______ ______ ______ ________ ________ _________ __________ __________.
_________ ___ ____ ___ ____ ______ ___ ________ __________.
________ _________ _____ ________ _______.
______ __________ _____ _________ _______ _________ ___ ____ ___ __________ _________ _________.
______ _____ ___ __________ _________ ______ ________ ___ __________ _________ _____.
___ ________ ___ ______ __________ ________ __________ _____ _______ ____ _____.
____ ___ ___ __________ ________ ____.
____ ______ __________ ____ _______ _______ _____.
________ ___ __________ ______ ____ ____ __________.
_________ _______ ____ ___ _______ ___.
_________ ________ _________ __________ _____.
__________ ____ _______ __________ _______ _______ ____ ________ _________ ___ ________ ________.
_____ ___ ___ ______ ________ ___ ______.
_____ _______ _____ ________ ______ __________ ___ _____ __________.
_______ _______ __________ _________ ____ ____ ____ _____.
________ _____ ________ _______ _________ __________ ___ __________ ________ ________.
_______ _______ ____ ____ _______ _____ _______ ____ _________ ____ ______.
__________ __________ _____ ______ _______ _______ _____ ______.
________ ________ _________ ______ _________ _____ ________ ______.
_______ ____ ____ _______ ______ _____ __________ ____ ___.
__________ __________ __________ _______ _____ _____ ___ _______.
______ _____ _______ _________ ________.
___ ________ ________ ___ _______ ______ ____ __________ ________ ______ _______ ___.
__________ ________ __________ _____ __________ __________ _________.
________ ______ ___ ______ _______ __________ ____ _______ __________ ___ _________.
__________ _____ __________ _________ _________ _____ ________ ____ _________ __________.
____ ____ _____ ____ _______ ______ ______ _______ ____ ____.
_________ ________ __________ __________ _________ __________ ____.
Get Full Answer on WhatsApp