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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

Shares can be forfeited:

  1. A
    For failure to attend meetings
  2. B
    For failure to repay the loan to the bank
  3. C
    For which shares are pledged as a security
  4. D
    For non-payment of call money

Solution & Step-by-step Explanation

According to corporate statutory rules and Table F regulations, a company has the legal right to forfeit/cancel a shareholder's equity shares strictly due to the non-payment of any call or installment money within the stipulated period. Personal debts or administrative failures cannot trigger share forfeiture.

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Shares can be forfeited:
A
For failure to attend meetings
B
For failure to repay the loan to the bank
C
For which shares are pledged as a security
D
For non-payment of call money

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Company AccountsShare CapitalForfeiture

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