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Cancellation of shares by the company if a member fails to pay money due on shares is called as ________.
A

Surrender of Shares


B

Lien on Shares


C

Redemption of Shares


D

Forfeiture of Shares

Approved answer
Correct option is D)

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Best answer

Cancellation of shares by the company if a member fails to pay money due on shares is called as ________.
A

Surrender of Shares


B

Lien on Shares


C

Redemption of Shares


D

Forfeiture of Shares

Approved answer
Correct option is D)

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