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Forfeiture of Shares: True/False Quiz

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Forfeiture of Shares: True/False Quiz

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About this activity

Test your know-how on share forfeiture

Created by

KAVYA KV
KAVYA KV
India

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Forfeiture of Shares: True/False Quiz
 

Forfeiture of Shares: True/False QuizOnline version

Test your know-how on share forfeiture

by KAVYA KV
1

Forfeiture of shares happens when a member fails to pay a call by the due date.

2

Can a company forfeit shares for non-payment of calls?

3

Can a company forfeit shares if it is not authorized by its Articles of Association?

4

Is forfeiture considered a punishment for shareholders?

5

A company may reissue forfeited shares to new or existing shareholders.

6

Does forfeiture affect the company’s share capital?

7

Is Share Capital Account debited at the time of forfeiture?

8

Is Share Forfeiture Account credited during forfeiture?

 
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