Re-issue of Forfeited Shares. Forfeiture of shares refers to the cancelation of shares. Sometimes, shareholders may be unable to pay the money due on allotment or calls on the due date. ... On forfeiture, the company extinguishes the title of such shareholder.
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Re-issue of Forfeited Shares. Forfeiture of shares refers to the cancelation of shares. Sometimes, shareholders may be unable to pay the money due on allotment or calls on the due date. ... On forfeiture, the company extinguishes the title of such shareholder.