Which of the following securities cannot be forfeited for non-payment of allotment or call money?
A
Equity shares
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B
Preferences shares
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C
Debentures
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D
Both (A) & (B)
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Solution
The correct option is A Debentures Only equity and preference shares can be forfeited for non-payment and under the provisions of Companies Act, 2013 debentures cannot be forfeited by company.