e/Share forfeiture

Information
has gloss	eng: Share forfeiture is the process by which the directors of a company cancel the power of share holder if he does not pay his call money when the company demands for it. Company will give 14 days notice, after 14 days if shareholder did not pay then company will forfeit his shares and cut off his name from the register of shareholder. Company will not pay his received fund from shareholder. In order to do a share forfeiture the Articles of Association of the company should contain provision for that.
lexicalization	eng: Share forfeiture
instance of	e/Share (finance)