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FORFEITURE OF SHARESVS SURRENDER OF SHARES
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Answer Posted / raghavendra reddy
forefeiture of shares is cancelling the the shares alloted to the allotees or share holders the shares alloted to them in case they are not able to pay the amount to be paid to the company during the initial allotment of the shares or subsequently when the call money option is used by the company
company gives 14 days time to pay the amount once they call for money, before the shares are forfeighted
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