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A share in a company that the owner loses (forfeits) by failing to meet the purchase requirements. Requirements may include paying any allotment or call money owed, or avoiding selling or transferring shares during a restricted period. When a share is forfeited, the shareholder no longer owes any remaining balance, surrenders any potential capital gain on the shares and the shares become the property of the issuing company. The issuing company can re-issue forfeited shares at par, a premium or a discount as determined by the board of directors.
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∙ 10y ago
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What is the entry for forfeiture of shares?
Forefiture of shares issued at par:-Share capital A/c Dr.To share allotment A/cTo Share Call A/cTo share forfeiture A/c(Forfeiture of shares issued at par)
What is forfeiture share?
Failure of call money for share holder its calld"forfeiture of shares"
If forfeiture share is reissued at premium then why security premium is credited?
in case the shares have been issued at a premium and the amount of premium has been received then at the time of forfeiture of such share
What is the meaning of forfeiture of shares how are shares forfeited can forfeited share be reissued at discount?
When a share is forfeited, then the shareholder no longer owes any remaining balance, he/she surrenders any potential capital gain on the shares and shares become the property of the issuing company.
Discuss in detail the law and practice regarding forfeiture of share and the reissue of forfeited shares?
When a shareholder forfeits or is unable to meet his duties as a shareholder, his shares can be taken from him by other shareholders. Then the shares can be advertised to be transferred to another person.
If your charges say forfeiture specification what does that mean?
You forfeit anything in question by police.
What do you mean by valuation of shares?
what do you understand by valuation of shares
What do you mean by nifty if it relates stock and shares?
what do you mean by nifty if it relates to stock and shares
What underlying shares for securities mean?
It means shares of a stock (security).
How do you put the word 'forfeiture' in a sentence?
His poor management of the business caused the forfeiture of the building and all the merchandise to his creations.
What does shares traded mean for a stock listed in a newspaper?
Shares traded. This is the number of shares sold for the day, expressed in hundreds.
Are there forfeiture laws in Canada?
yes there are.
