The result of forfeiture of shares is :

None of these

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Both cancellation of membership of the shareholder and reduction of issued share Capital of the company

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Reduction of issued share Capital of the company

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Cancellation of membership of the shareholder.

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Solution

The correct option is B
Both cancellation of membership of the shareholder and reduction of issued share Capital of the company

The result of forfeiture of shares is-
Both cancellation of membership of the shareholders and reduction of issued share capital of the company

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Cancellation of the membership of the shareholder in a company is known as ___

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