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Forfei1ure of shares
takes place when a shareholder fails 10 pay the calls made.
PREFERENCE
SHARES- These are the shares that carry preferential right as to dividend at fixed rate and preferential right as to repayment of capital.
Reserve capital
is a part of subscribed share capital that a company resolves.
Pro rata allounen1
takes place only when the shnres are ovcrsubscnbed.
EQUITY SHARES
- TheŁe shares are the shareŁ that are not preference Łhares.
Securities premium
- How dealt when shares are forfeited.