Edumarz

When can shares be Forfeited?

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— Kishore V, SME and ACW at Edumarz

A share is a portion of a company’s, business’s, or organization’s ownership. 

An individual who owns the company’s shares is an equal owner of the company’s profits and losses. 

The Companies Act of 2013 regulates many forms of shares, including equity and preferential shares. 

When stockholders fail to pay the due on a share, the firm and its board of directors take measures to forfeit the share.

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