Acoounts doubt about forfeited shares

No. Forfiet itself means that earlier paid amount of shareholder will not be returned him back by company.

Agree with Abhimanyu..........

can a share holder sue against the company?

Dear Harish,

Before Forfeited of Share, company has send a notice to those shareholder from which call money not received and if after sending notice those shareholder who not paid money to company in prescribed time limit then company will forfeited his share i.e. forfeited money which was received earlier.

                     So after forfeited, any one can't sue against Company.

 Forfieted amount  can not be returned to shareholder thats why  the porfit or loss on reissue after  adjusting  the forfieted amount  has to be transfered to capital reserve..

NO...it can't be paid back to shareholder....Since company makes a call for the due pending in respect of shares,,,if it is not paid,,,the whole amount paid earlier is transferred to Share Forfeited A/c

Dear Harish

There is no ground to file a suit against the compnay in case of forfeiture of shares.

if u ever saw a share certificate, there is always a condition written on the face of share certificate that if holder does not pay call money, company has a right to forfeite the share and in that case holder can not claim for his loss.

thanks for ur kind replies............